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rsity. Centralization is a wrong management system for seeds which can only grow to accordingly to the same soil, the climate, and therefore how can Norway and an island in Greece be imposed with the same standard by one agency in Brussels. Monopolies, centralization and mono-cultures go hand and hand
ult of the shale boom, WTI futures on the New York Mercantile Exchange remain at a discount of about $7 a barrel to their European counterpart, the Brent contract on ICE Futures Europe's London-based exchange. WTI was at $103.74 a barrel as of 4:13 p.m. London time. Islamist Insurgency. "The shale pr
nk of three reasons to go short CHF/NOK. 1. The relative cycle is supportive of rate differentials. Inflation is at a much higher starting point in Norway than in Switzerland, leaving the Norges Bank much less room to manoeuvre than the SNB in the event of upside surprises to import prices or stronge
isocioa t0000 5000 0 20 5 'Figure 5: EUR/NOK and Crude oil lob 9.5 - 9.0 - 8,5 - 2 to - 7.5 - 7.0 - 2009 2010 2011 2012 2013 —010,04 Brent, Close, USD, its —EUR/NOIC actual. Ito &wore DeoYene Bork Eitiomewg Fount* CP 30 40 50n 60c 70 80c 90 7gi 100 1102. 120 130 Figure 6: Cor
together, the dilemma of balancing the risk of domestic overheating versus excessive currency appreciation and subdued spot inflation is something Norway shares with a number of EM economies and also to a lesser extent with neighboring Sweden. However, Norway's dilemma is further reinforced by the l
licy likely to continue to be a compromise over the next couple of meetings, the best Norges Bank can hope for currently is that the correction in Brent crude lower will extend and weigh the NOK down. Near-term, and dependent on crude consolidating above/around $100/barrel, the re-assessment of the
Italy 4.8 0.0 4 1.3 1 0.5 -0.5 09 4 1.0 4 1.5 1.5 0.7 OA 05 09 Spain -12 1.3 t 22 t 0.7 IS 21 t 2.0 20 20 02 02 0.0 0.0 Norway 2.0 1.9 2.3 2.0 1.9 2.0 1.9 2.1 2.3 2.3 18 1.6 2.2 Sweden 1.6 2.2 25 6.5 -0.3 Z3 25 2.5 25 01 41 0.2 15 United Kingdom 1
ll as weaker supply growth, largely in Iraq and Libya. • Recent reports of a peace agreement in Libya between the rebels and the government caused Brent to fall by around 5%. We think a quick and full recovery in production is unlikely and we also think overall production capacity is now lower due t
A NA Royal Dutch Shell PMO LN Premier Oil Plc OMV AV OMV Ag TLW LN Tullow Oil Plc Long Name EFTA01470803 Lundin Petroleum AB Country Sweden Norway Norway France Netherlands France Britain Netherlands Britain Austria Britain Energy Energy Energy Energy Energy Energy Energy Energy
a Delta One note or Total Return Swap Source: Bloomberg Finance LP, Deutsche Bank Research European Oil Sensitivity Basket Outperforms market when Brent rises (1) For additional detail on basket holdings please see Appendix Deutsche Asset & Wealth Management For Internal Use Only 22 EFTA0147079
10 82 MuL171 irtamational San:toned Entity Sanction List a tit 82 tdsailA3 InteinallaNd Sandaled EnMy Sandal List 12 81 Mn 1159 nmnb Norway SOE invefred in ReieVnade liaadtbsiect by The aerie) SOE a 13 60 WS N R. tl Pretoria*, Pakistan SIOOMonlent Regulatory Authority for Poor per
health insurance MMIMr. (huPfivnvw.politico.comrstory/2017/01fiudge-block-aetna- humana-merger-234043). POLITICO. Retrieved 2017-01-23. 45. Kendall, Brent; Mathews, Anna lAhlde (2017-01-23). "Federal Judge Blocks Aetna-Humana Menge: on Antitrust Grounds" Ottps:fivivnv.yesj.comialicleVfedpralitmigeblock
Estimate Change
a lookalike to Liza, we believe a ‘plus three year’ development scheme is a reasonable basis to frame option value in a success case. Under our $70 Brent base case, the theoretical NPV would be around $10/sh. This is on top of the approximate $12-14/ share value we estimate is reasonable for Hess from
Page: HOUSE_OVERSIGHT_014878 →uction in 2Q17 we suggest Hess has both — short cycle, comprising not only the Bakken but tie back opportunities across established infrastructure in Norway and the US GoM — and long cycle in the shape of a transformational opportunity in Guyana, that becomes tangible with a likely FID in 2Q17. Impact on
Page: HOUSE_OVERSIGHT_014880 →Entities connected to both Norway and Brent

Jeffrey Epstein
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United Kingdom
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Belgium
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United States
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Hungary
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Lesley Groff
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Prince Charles
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Cyprus
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Donald Trump
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Marc Rich
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New Zealand
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Romania
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Prince Andrew
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George W. Bush
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Bulgaria
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Czech Republic
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John F. Kennedy
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Julie K. Brown
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Samantha Power
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