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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...
...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....
...d to 13mn b/d by 2027....
...“They have 3mn b/d of spare capacity now so what is the rush of increasing production capacity to 13mn b/d.”...
...The building, opened as the Post Office Tower in 1965 by then prime minister Harold Wilson, will be retained “as an iconic hotel, securing its place as a London landmark for the future”, BT said....
...responsible for 10 per cent of global supply, said 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/...
...This irked Harold Wilson, the then leader of the Labour party.” The first sentence is misleading....
...There are wonderful, funny and moving performances too from Leanne Best as the raging, embittered Gloria, Helena Wilson as repressed Jill and Ophelia Lovibond as Ruby, wearing sarcasm as a shield....
...The country pumped 13.3mn b/d of oil in November, the last month for which data is available from the Energy Information Administration, more than any country in history....
...Harold Wilson caused a widespread stink over his resignation honours list in 1976....
...Exhibit B: Norway’s parliament last month voted to open up for deep-sea mining in and close to the Arctic....
...This irked Harold Wilson, the then leader of the Labour party. He berated Home for being out of touch with ordinary people by virtue of his being the 14th Earl of Home....
...It had previously forecast demand to grow by 1mn b/d in 2024....
...In 1964, Harold Wilson argued that the Treasury was too powerful, creating the Department of Economic Affairs....
...Harbour’s oil and gas production will rise from about 190,000 barrels a day to more than 500,000 b/d when the deal completes....
...Most Labour politicians who cite former premier Harold Wilson among their influences are really saying that they like the idea of winning but without having to upset anyone on the left....
...There’s a partial exception for Harold Wilson, who left on his own terms and for his preferred successor, but even he did so against a backdrop of disillusionment with his leadership and a party that was...
...Harold Wilson set up a Department of Economic Affairs in his 1964-70 administration. It was not a great success....
...At full capacity, the refinery will process 650,000 b/d, which could transform the country into a net exporter of refined fuels....
...In 2023, however, oil demand is on track to average 102.2mn b/d — its highest ever annual level, according to the IEA....
...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....
...Wilson’s Downing Street affair | Three decades after Harold Wilson’s death, and 48 years on from the end of his premiership, the former prime minister’s long-serving press secretary Joe Haines has told for...
...and 360,000 b/d in 2025....
...Saudi Arabia’s oil output is likely to remain at 9mn b/d until the end of December, 25 per cent lower than its maximum capacity of 12mn b/d. Read more on oil here...
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