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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...
...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....
...No “Taskrabbit” is going to splurge on one of Fendi’s denim or leather utility aprons for spring, but if they did, they’d find them fit for purpose....
...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...
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...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....
...Typically, these are to either a) pay cash coupons; b) toggle to ‘pay’ bondholders with more debt claims, albeit with some additional penalty (even more debt claims); c) to PIK for a while then switch to...
...Episode description: The past several years in the US Treasury market have not been what you’d call smooth sailing....
...No mention of the B-word, then....
...“It’s heavily skewed towards stuff . . . that’s been downgraded over time from single B.” Triple C issuers listed on Ice BofA’s index include Dish, the TV group that recently merged with EchoStar....
...or for worse, including in this age of ours the difficult choice of geostrategic partners; and c) the basis of trade is industry, not tariffs....
...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...
...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....
...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....
...He describes the aesthetic of his first collection — shown on supermodel friends he’d called in through favours — as conjuring up “a grandiose, decadent, very English kind of lady, with bespoke and interesting...
...b) The majority she had inherited was too small to deliver Brexit. c) Any election in which the Labour party was led by Jeremy Corbyn was a massive gimme....
...“They have 3mn b/d of spare capacity now so what is the rush of increasing production capacity to 13mn b/d.”...
From a Gothic town house within walking distance of the Capitol building to a commutable spot on the banks of the Potomac
...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...
...Now, the country produces almost 20mn b/d, roughly in line with consumption....
...I’d want to be around to enjoy the glory!” Follow FTWeekend on Instagram and X, and subscribe to our podcast Life and Art wherever you listen...
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