oil

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Prompted by David Hone (“bonkers”, says NB :-). But it says something that I’ve been thinking for a bit, and haven’t seen anyone else say: Arguably, we are in a time where underlying global energy demand exceeds supply. This isn’t to say they are out of balance as that is not possible, but it says…

Good news for the gulf

And for BP’s share price. Though in fact I came to this the other way round: the rise in BP’s share price reflects a gradual re-pricing of the risk and damage extent, as well as the more recent news that the new cap-fitting seems to have gone well. [Update: speaking of political risk – this…