Hints and tips:
Related Special Reports
...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...
...“We’ve in effect created two FTSE 100 companies,” Leahy added, explaining that B&M was a constituent of the UK large cap index and MFG probably would be if it was listed....
...Chief executive Kenny Wilson, who will step down by March next year, has presided over five profit warnings....
...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....
...Wilson’s line manager agreed that Wilson had “performed very well” when working from home, according to the judgment, but told her that making the arrangement permanent would have a “negative impact on the...
...“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/...
...The trial began in 2018 with evidence from a suspected drug trafficker, identified by authorities as Nabil B, who became a crown witness in exchange for a reduced sentence of 10 years....
...Chief executive Kenny Wilson cautioned that there was “an increasingly difficult consumer environment” in America....
...“I think there are plans B, we even talked about it on the sidelines but frankly I hope it doesn’t come to that,” said Giorgia Meloni, Italy’s prime minister, as she left the summit....
...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....
...Exhibit B: Norway’s parliament last month voted to open up for deep-sea mining in and close to the Arctic....
...B&M said it would provide more details about its plans in November when it publishes its interim results but added that it would not retain the Wilko brand....
...The owner of B&Q and Screwfix has sounded the alarm on profits for the second time in just over two months, blaming sluggish sales and warmer weather in France....
...It had previously forecast demand to grow by 1mn b/d in 2024....
...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....
...Simon Arora, founder and former chief executive of B&M, last week wrote to M2 saying he was “astonished” they were bidding for the entire chain....
...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....
...At full capacity, the refinery will process 650,000 b/d, which could transform the country into a net exporter of refined fuels....
...In 2023, however, oil demand is on track to average 102.2mn b/d — its highest ever annual level, according to the IEA....
...Tony Wilson, director of the Institute for Employment Studies, welcomed the expansion of mental health treatment and job support programmes, but said that it was deeply unhelpful to conflate the tougher...
...and 360,000 b/d in 2025....
...He added there was “ample interest from other discounters such as B&M” in Wilko’s outlets and they “will all be going to the landlords for the good stores”. B&M declined to comment....
International Edition