Demand for the group’s output will be at 33 million barrels a day in 2018, roughly in line with the amount it pumped before cutting production. Libya is a member of the Organization of Petroleum Exporting Countries that’s exempt from a group-wide production ceiling, though fighting has led to output cuts of around 37,000 barrels per day, or about 5 percent of total production based on January data.
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IEA Predicts Tight Oil Market Without Cash Infusion
Demand for the group’s output will be at 33 million barrels a day in 2018, roughly in line with the amount it pumped before cutting production. Libya is a member of the Organization of Petroleum Exporting Countries that’s exempt from a group-wide production ceiling, though fighting has led to output cuts of around 37,000 barrels per day, or about 5 percent of total production based on January data.
Daimler picks US executive to lead global trucks operations
Daimler has picked the head of its North American trucks division to run group-wide truck operations, it said on Monday, avoiding a lengthy search for a successor to departed chief Wolfgang Bernhard. Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016.
Artwork on sex, passion and sensuality up for sale at Sotheby’s
Titled “Erotic: Passion & Desire,” the auction lots feature art works from across the centuries and the world, including pieces by Pablo Picasso, Sarah Bernhardt and Helmut Newton. “We’ve put together 107 works of art ranging from antiquity to contemporary,” said Sotheby’s senior director, Constantine Frangos.
Artwork on sex, passion and sensuality up for sale at Sotheby’s
Titled “Erotic: Passion & Desire,” the auction lots feature art works from across the centuries and the world, including pieces by Pablo Picasso, Sarah Bernhardt and Helmut Newton. “We’ve put together 107 works of art ranging from antiquity to contemporary,” said Sotheby’s senior director, Constantine Frangos.
nation and world briefs
The CEO of Tiffany & Co. has stepped down amid concerns about the jewelry company’s financial performance.
Walgreens slashes offer for Rite Aid, pushes back deadline
Walgreens substantially lowered its offering price for drugstore rival Rite Aid and raised the number of stores it would be willing to unload to ease monopoly concerns. The companies initially expected to sell no more than 500 stores, but that was pushed to 1,200 under the new terms announced Monday.
‘Axolotl Overkill’: Film Review | Sundance 2017
Overkill may indeed be the appropriate term to describe German author turned director Helene Hegemann’s feature debut, adapted from a bestselling novel she penned at the age of 16. Chronicling the wild nights and aimless days of a Berliner girl who just wants to have fun, and possibly find some real affection in the process, Axolotl Overkill vaguely follows in the footsteps of films by Larry Clark or Gus Van Sant, though its many scenes of decadence are portrayed with all the polish and deliberateness of an Urban Outfitters ad.
Hilarious backlash as Chelsea Handler tries to pin nuclear aggression on Trump
Lord save us from celebrities who are dumber than a box of rocks. Chelsea Handler made a fool of herself calling President-elect Donald Trump out for not handling North Korea.
Press release distribution, EDGAR filing, XBRL, regulatory filings
Books-A-Million to celebrate new President’s Pick: Amy Gary’s “In the Great Green Room” with FREE event on Thursday, January 26 )–Books-A-Million to celebrate new President’s Pick: Amy Gary’s “In the Great Green Room” with FREE event on Thursday, January 26 at the Brookwood Village Books-A-M… United Arab Emirates Prepaid Cards Business and Investment Opportunities, Market Size and Forecasts 2011-2020: Consumer Attitude & Behaviour, Retail Spend, Market Risk – Research and Markets )–Research and Markets has announced the addition of the “United Arab Emirates Prepaid Cards Business and Investment Opportunities – Market Size and Forecas… )–Freeman Freeman & Smiley LLP is pleased to announce that Richard A. D’Amura has joined its Financial Services, Securities Regulation and Litigation practice as a partn… )–The Western Union Company announced today that Hikmet Ersek, President and … (more)
Macy’s Likely to Cut 10,000 Jobs, Close Stores Amid Disappointing Holiday Sales
Macy’s shares tumbled more than 9 percent after the market’s close Wednesday after it posted disappointing holiday sales and released the locations of 68 of the 100 stores it plans to close as it looks to turn around its performance. Macy’s comparable sales fell 2.1 percent in November and December, which was at the low end of its previous guidance.
Kroger’s big deal – buying Walgreens and Rite-Aid stores – didn’t …
One of the most buzzed-about grocery deals of the year – if not the decade – didn’t happen, but there are still implications for Publix Super Markets Inc. In August, news broke that Kroger Co.
Kroger’s big deal – buying Walgreens and Rite-Aid stores – didn’t …
One of the most buzzed-about grocery deals of the year – if not the decade – didn’t happen, but there are still implications for Publix Super Markets Inc. In August, news broke that Kroger Co.
Walgreens, Rite Aid shed 865 stores to close $9.4B deal new
Walgreens and Rite Aid will sell 865 stores to rival retailer Fred’s for $950 million, potentially removing the final roadblock thwarting a tie up between the nation’s largest and third-largest drugstore chains. Walgreens is working to close its $9.4 billion purchase of Rite Aid early next year.