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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....
...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....
...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....
...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....
...The fact reminds us of three simple, but inescapable, truths: a) the global economy is a complex network, perhaps too complex for populist proclamations; b) economics is to a large extent politics, for better...
...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....
...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....
...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....
...A separate carriage house features a guest studio apartment and a two-car garage....
...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....
...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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