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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 Opec+ oil cartel has agreed a deal to cut an extra 1mn barrels a day of oil production while Saudi Arabia will extend a voluntary cut of a similar amount, two people familiar with the decision said on...
...d this year and 1.8mn b/d in 2025....
...But I know which one I’d rather was renewed. ★★★☆☆ On Netflix from March 21...
...Kingfisher, owner of the B&Q, Screwfix and Castorama DIY chains, has warned that profits will fall again this year, after a 25 per cent drop in the year to January....
...Palazzo Passerini is a three-bedroom residence that can be booked on a B&B basis or bought out in exclusivity by a total of six guests....
...d to 13mn b/d by 2027....
...“The best way to get from plan A that’s not working to a plan B that might work is to formulate hypotheses, test them with real data, and let the data speak.”...
...Garnier, who has been spearheading a turnaround of the company, said the group had identified around a third of its Castorama stores as the lowest-performing as part of a push to right-size and modernise...
...No mention of the B-word, then....
...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....
...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....
...As a result, Saudi Aramco is currently producing about 9mn b/d, down from an average of 10.2mn b/d in the first three months of 2022....
...The IEA added that record output from the US, Brazil, Guyana and Canada would help boost global supply this year by 1.5mn b/d to a record 103.5mn b/d....
...The lower gardens feature a Doric temple, obelisk and a pond with a fountain....
...helps European homebuyers with finance for purchases on the Côte d’Azur....
...The International Energy Agency also revised its estimate for growth in global demand in 2024 slightly higher to 1.3mn barrels a day, but downgraded its forecast of growth in supply to 800,000 b/d, including...
...About 20 years ago, the US produced about 7mn barrels of petroleum and consumed 21mn a day. Now, the country produces almost 20mn b/d, roughly in line with consumption....
...Ours by Phillip B Williams, Granta £18.99, 592 pages Join our online book group on Facebook at FT Books Café and subscribe to our podcast Life & Art wherever you listen...
...Then I’d kick back with friends and contemplate the beauty of western civilisation. I’m in awe of Washington, this handsome city, the cultural capital of the USA....
...Saudi Arabia’s energy ministry on Tuesday asked the state oil company Saudi Aramco to halt a planned 1mn barrels per day expansion in oil production to 13mn b/d. This had been due by 2027....
...The Danish singer-songwriter has the softest of voices, a murmurous tone that holds centre stage without exerting itself. The style is R&B, a genre famous for vocal ornament....
...The IEA now expects oil demand growth to tumble from a year-on-year rate of 2.8mn b/d in the third quarter of 2023 to 1.9mn b/d in this quarter....
...15mn b/d within five years....
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