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Showing results for AMBIT ENERGY HOLDINGS LLC, d/b/a AMBIT, d/b/a AMBIT ENERGY
...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....
...100,000 b/d or less than 10 per cent of capacity....
...Rystad, a research group, said Venezuelan production could increase by a maximum of 200,000 b/d six months after sanctions are eased....
...And we're going to replace an old two-lane highway from point A to point B with a major four-lane interstate highway up there. So we'll be able to move a lot more electrons....
...European scientists set a new record for the amount of energy generated from nuclear fusion....
...Venezuela boasts the largest proven oil reserves on the planet and in its heyday pumped about 3mn barrels a day, though years of mismanagement and US-led sanctions have left production well below 1mn b/d...
...The Permian produces about 5.8mn barrels of oil a day, out of about 13mn b/d in total US oil production....
...While US oil output is still rising, growth is expected to be just 200,000 barrels a day over the next 12 months, well below the expansion of 2mn b/d reached between 2018 and 2019....
...Continental Resources, which shale pioneer Harold Hamm took private last year, is the US’s biggest private oil producer, pumping 280,000 b/d. It’s also a natural gas powerhouse....
...In the year to date, official data from government agencies and analyst OilX show global oil demand has grown by 2.5mn barrels a day year on year, exceeding our forecast by 0.3mn b/d....
...The group’s decision in April to cut 1.66mn b/d failed to halt the slide in oil prices, just as an earlier cut announced last October had failed....
...In its annual outlook, the oil cartel said demand would rise by 13mn barrels a day compared with 2021, reaching 110mn b/d in 2045 — an upward revision of 1.6mn b/d from last year’s forecast....
...“Higher mortgage rates and prices across the economy will lead to some people tightening their belts, so I’d expect a September to December period which sees lower demand,” said Charles....
...The key loophole in that text was that, A, the language wasn’t binding, and B, there was no clear date....
...Production has recovered to just over 12mn barrels a day, down from the record high of 13mn b/d hit in 2019....
...CGN has kept a 33.5 per cent stake in Hinkley C, with EDF holding the remainder....
...The country is on track to hit 203,000 b/d for the whole month based on current shipment schedules, according to Kpler, a commodities data and analytics firm....
...All told, consultancy Rapidan Energy Group believes that Opec+ will manage to increase output by just 355,000 b/d in the next two months....
...Third, core Opec members are holding a cushion of more than 3mn b/d of spare capacity, explicitly for emergencies. How and when it can be activated is a political decision but it is there....
...OilX, an analytics company that tracks global oil shipments, said that output at the end of April was 9.85mn b/d. Further, Russia’s income from selling oil is holding up....
...“Before that, I’d look at a tag and I’d think, How has anyone done that with all the CCTV? Whereas nowadays, I’d knock that out at 3 o’clock in the afternoon on a Thursday....
...Platts says Opec+’s spare capacity could dwindle to 800,000 b/d by June — a razor-thin margin for a 100mn b/d market still susceptible to geopolitical supply shocks....
...Saudi Arabia and the United Arab Emirates are together reckoned to have more than 2m b/d of spare capacity....
...Wetherspoon Q1 trading update, Kirin Holdings Q3, M&S H1, National Australia Bank FY, Nissan Motor Corp H1, Tata Motors Q2, Taylor Wimpey trading update, Veolia Q3 Thursday Brazil, October IPCA inflation...
...Russia normally exports 5mn barrels a day of crude oil and about 2.7mn b/d of refined petroleum products. Many buyers are boycotting Russian oil in response to western sanctions....
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