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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...
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...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...
...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....
...For 40 years, a 12th-century walrus-ivory carving on loan to the V&A in London has captured the imagination of museum visitors....
...d to 13mn b/d by 2027....
...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 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....
...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 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....
...This is higher than the 1.1mn b/d forecast for demand growth, which is weighed down by a slowing economy and the end of the post-Covid rebound in consumption....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...“It’s a whole new way of treating the skin,” says d’Ornano. “We are just at the beginning.”...
...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/d by 2027.The multi billion dollar investment...
...Once a top global oil producer, Venezuela’s output collapsed from almost 2.9mn barrels per day in 2014 to below 400,000 b/d in 2020 as years of mismanagement combined with Trump-era “maximum pressure” sanctions...
...It knows exactly what to promise: a world where you’ll want to jump into a car, crank up the radio, and just drive, because there’s nowhere else you’d rather be....
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