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...Engineers are developing the technology needed to deploy the service but executives have not yet made a final decision on whether or when to launch it, one of the people said....
...on a Pentagon list of Chinese military groups that pose concerns for US national security....
...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...
...Groups such as Vitol and Trafigura, which traditionally relied on political connections, handshakes and logistical skill to move natural resources from remote locations to willing buyers, are increasingly...
...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....
...Opec expects over 2mn b/d additional demand growth this year. That is nearly twice the IEA’s estimate, and makes the Saudi Aramco decision look odd....
...Before the incident, Exxon pumped 45,000 barrels a day out of the country; afterwards it dropped to 15,000 b/d....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...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...
...The consortium pools credit risk data and publishes it as a resource for public use....
...For self-defence, I’d printed a copy of the district court’s decision, words on a page, and holstered it in a manila folder....
...The Unaccountability Machine: Why Big Systems Make Terrible Decisions — and How the World Lost Its Mind by Dan Davies Profile £22, 304 pages Join our online book group on Facebook at FT Books Café and subscribe...
...and 360,000 b/d in 2025....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...Since the ONS had made it a priority for the next financial year to improve the jobs data, the regulator urged the body to “align resources” with its priorities and bolster resources for the teams concerned...
...The search group had been testing generative AI software internally for several months by then....
...But is that a systemic risk? I’d say probably not. One good read A carbon tax by other means....
...And as many as six more — with a combined capacity of 6bn cf/d — could be greenlit this year, according to analysts at ClearView Energy Partners in Washington....
...Blended capital flows fell to a 10-year low in 2022, according to the most recent estimates by research group Convergence....
...At present, Saudi Arabia produces about 9mn b/d, compared with a maximum of about 12mn b/d....
...At new wells in the Permian, average oil production per drilling rig has increased to 1,319 b/d. A decade ago the figure was about 183 b/d....
...The French president and EU officials called on Vladimir Putin not to use a terror attack on a Moscow concert hall, which has been claimed by the Isis militant group, as a pretext to expand the war in Ukraine...
...CrownRock is a subsidiary of CrownQuest, which was founded by Dunn in 1996 and operates the group’s wells....
...The decision to allow exploration and potentially extraction has drawn fire from everybody from environmentalists and fishing groups to big companies and, most recently, the European parliament....
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