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...Last year, Aramco acquired a 10 per cent stake in Shenzhen-listed Rongsheng Petrochemical for $3.6bn and entered a venture with two other Chinese companies to build a 300,000 b/d refinery and petrochemicals...
...The Soul of the Party in the Age of Extremesby John B Judis and Ruy TeixeiraA rigorous dissection of how and why the once formidable Democratic coalition — forged almost a century ago in the New Deal era...
...US production rose by roughly 1.5mn b/d to a record 13.5mn b/d in 2023 while that of Iran increased to an average of roughly 3.9mn b/d from about 3mn b/d a year earlier, said Claudio Galimberti, North America...
...The IEA predicts oil demand will grow by 1.2mn b/d, about half the pace of 2023, while Opec believes demand growth will be higher at 2.2mn b/d....
...d to 13mn b/d by 2027....
...“They have 3mn b/d of spare capacity now so what is the rush of increasing production capacity to 13mn b/d.”...
...responsible for 10 per cent of global supply, said it had been asked by the energy ministry to abandon a plan to increase the Kingdom’s maximum sustainable production capacity from 12mn barrels per day to 13mn b/...
...Biden’s foreign policy merits “a B or a B+”. Nye argues Biden was too old in 2020 and is making “a mistake” by running for re-election....
...The country pumped 13.3mn b/d of oil in November, the last month for which data is available from the Energy Information Administration, more than any country in history....
Survivors of Palma terror assault say French company failed to take measures to ensure safety of subcontractors
...Exhibit B: Norway’s parliament last month voted to open up for deep-sea mining in and close to the Arctic....
...It had previously forecast demand to grow by 1mn b/d in 2024....
...Wilson ennobled as a life peer his old friend, Joseph Kagan, who had already received a knighthood in 1970, and made large financial contributions to Wilson’s trust....
...Harbour’s oil and gas production will rise from about 190,000 barrels a day to more than 500,000 b/d when the deal completes....
...At full capacity, the refinery will process 650,000 b/d, which could transform the country into a net exporter of refined fuels....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...In 2023, however, oil demand is on track to average 102.2mn b/d — its highest ever annual level, according to the IEA....
...Countries with junk ratings, such as single B, may continue to find it almost impossible to access borrowing this year, say investors, leaving them unable to refinance looming maturities except at risky...
...and 360,000 b/d in 2025....
...Saudi Arabia’s oil output is likely to remain at 9mn b/d until the end of December, 25 per cent lower than its maximum capacity of 12mn b/d. Read more on oil here...
...The heroic Lukas B Brændsrød partnered superbly, suspending Cuthbertson aloft like an angel peeling away from a Pozzo ceiling....
...Nasser expected global oil demand to average as much as 104mn b/d in the third quarter of 2023, 2.4mn b/d higher than in the same period last year, driven largely by increased demand in China....
...Its output has been reduced from about 10.5mn b/d in April to about 9mn b/d, through a combination of Opec+ mandated production targets and its voluntary cuts....
...The reduction in output is in addition to a voluntary 500,000 b/d cut announced by the kingdom in April, when its output was around 10.5mn b/d....
...Zambia, for example, has spent years working towards a deal to restructure its debt, as former Alphavillain Joseph Cotterill covered for MainFT....
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