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...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...Exxon benefited from a surge in oil and natural gas prices following Russia’s full-scale invasion of Ukraine in 2022, which enabled it and other oil companies to report record profits....
...Events in the Middle East and Ukraine are especially worrying. But stock markets do not seem to care. Global equity indices have hit new highs. Geopolitical bears think this is unsustainable....
...the Middle East....
...Her Columbia biography touts her record at “pivotal, high-stakes moments . . . to address some of the world’s most complex and disruptive challenges”....
...This article is part of the Financial Times free schools access programme. Details/registration here....
...While the rationale is there to keep oil flowing, tensions are high in the Middle East and a miscalculation could send prices surging....
...The International Energy Agency has warned of volatile gas prices this year, with conflict in the Middle East and Ukraine creating “an unusually wide range of uncertainty” in its forecasts....
...The US bank said efforts to cut back the use of coal, oil and gas had been hit by higher interest rates and inflation, as well as the wars in Ukraine and the Middle East....
...“The people of Israel are engaged in a war of existence on several fronts and the judges of the High Court did everything tonight to create a civil war as well.”...
...the Middle East and north Africa region at consultancy Eurasia Group....
...For instance, the cost of the electrolysers needed to split water into hydrogen and oxygen remains high because levels of production are too low....
...It’s this idea of making other people feel comfortable.” At high school she was “not cool, very invisible”, and started acting with “theatre nerds”, but never harboured a desire to write....
...Oil and gas executives were the most likely to share this view....
...“Why undertake an expansion at a time when costs are high?” she said. “And they haven’t said they will cancel this indefinitely.”...
...Ahead of the meetings, the IMF warned of a decade of disappointing growth and popular discontent as central banks continue to battle against rising prices and governments struggle with high levels of public...
...He met his wife, who had just graduated from high school, on a Sunday. “I went to church to worship and I saw her singing. And I thought she was beautiful.”...
...In recent days, there has at least been a semblance of some of the regular rituals of an approaching Passover: children off from school, boxes of traditional matza flatbread stacked high in supermarkets,...
...Non-oil and gas revenues rose 43 per cent to Rbs5.7tn, while expenditure increased 20 per cent to Rbs9.3tn, resulting in a deficit of about 0.3 per cent of gross domestic product....
...The report also forecasts that tensions in the Middle East will push up the cost of gold — seen as a haven in times of conflict — and oil....
...That makes the risk of miscalculation — and further escalation — extremely high. “The old unspoken rules of the game [between Israel and Iran] no longer apply,” Rafati said....
...Strong imports of liquefied natural gas, warm weather and demand reduction as a result of high prices in recent years have all helped keep gas stored in the EU’s underground storage facilities at historically...
...Ruled by the Al-Thani family, its sits atop the world’s third-largest natural gas reserves and hosts the largest US military facility in the Middle East....
...It has also plunged Columbia into a crisis over the bounds of free speech and harassment and tarnished the school in the eyes of many Jewish alumni as a hotbed of antisemitism....
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