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China's demand for oil could peak by the end of the decade — and with its economic recovery still in limbo, can global oil markets continue to rely on China? "For 20 years, the oil market is dependent on China, China, China, supporting the markets. He predicted that China's demand for oil will peak in the next three to five years. "In the global [oil] markets, we have to look at countries like India, or other empires to create the resilience on the demand side," Fesharaki added. Similarly, Wood Mackenzie expects China's oil demand to peak by 2027, after which an extended fall in demand for crude will follow.
Persons: Fereidun Fesharaki, Fesharaki, Wood Mackenzie Organizations: Global, CNBC Locations: China, India
CNBC Daily Open: High rates are still hobbling IPOs
  + stars: | 2023-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Downbeat marketsU.S. markets dipped and U.S. Treasury yields rose Tuesday as investors braced themselves for the outcome of the Federal Reserve's meeting. At its open, Instacart popped 40% to hit $42, but pared gains as investors sold off to lock in their initial gains. Analysts who once predicted China would become the biggest economy globally are perplexed as to why the country's blunting its own growth.
Persons: Kospi, Hong, Instacart, Fereidun Fesharaki, Wood Mackenzie Organizations: CNBC, Treasury, Analysts, Global Locations: Asia, Pacific, China
Michele Spatari | Afp | Getty ImagesSINGAPORE — Sanctions imposed by the West on Russia are pushing the BRICS nations closer, said oil executives at the recent APPEC conference in Singapore. "Looking at the oil markets today ... the Western sanctions on Russia are working. The BRICS alliance includes Russia, as well as Brazil, India, China and South Africa. The BRICS nations have had different brushes in their relationships with the West. BRICS is the candidate," Fereidun Fesharaki, chairman of energy consultancy Facts Global Energy, said at a panel discussion during the event.
Persons: Michele Spatari, Russell Hardy, Hardy, Argentina —, Fereidun Fesharaki, Moscow leapfrogging, Fesharaki Organizations: Afp, Getty, SINGAPORE —, West, European Union, UAE, U.S ., U.S, Treasury, Global Energy Locations: South Africa, Brazil, Russia, India, China, Sandton, Johannesburg, SINGAPORE, Singapore, Ukraine, European, Western, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, Moscow
Phone. Keys. Wallet … Brain?
  + stars: | 2023-09-08 | by ( Jancee Dunn | More About Jancee Dunn | ) www.nytimes.com   time to read: +2 min
But starting in your fifties, Dr. Mendez said, the area of the brain in charge of memory retrieval is less efficient. So if you’re struggling to remember “that movie starring that guy,” the memory is often there, Dr. Mendez said — it just takes longer to surface. We are inundated with so much information each day, said Dr. Davis, and the brain has to manage memories. “Forgetting is a normal part of one’s brain function,” he said. It’s not good for your brain health in general, but as we get older, our capacity to multitask “typically diminishes,” he said.
Persons: Mario Mendez, ’ ”, Mendez, , , , it’s, Ronald Davis, Herbert Wertheim, Davis, Arman Fesharaki, Fesharaki, Zadeh, , Organizations: David Geffen School of Medicine, Herbert, Herbert Wertheim UF Scripps Institute for Biomedical Innovation, Technology, Yale School of Medicine Locations: U.C.L.A
Oil prices climbed past $100 a barrel after Russia, the world's largest exporter of crude and fuels, invaded Ukraine in February. But prices have come off their peaks by nearly 40% amid fears that an economic slowdown would weaken demand. That's the elephant in the room," Fereidun Fesharaki, founder and chairman of energy consultancy FGE, told Reuters on the sidelines of the conference, as bans on Russian oil loom. But when we get to Dec. 5, if Russian oil gets shut in, prices will be $120 or more." Such a move would add to global supplies and depress fuel prices but could support China's crude demand.
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