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...State-run Saudi Aramco on Tuesday said it had been asked by the energy ministry to abandon a plan to increase its maximum sustainable production capacity from 12mn barrels a day to 13mn b/d by 2027....
...And Trump 2.0 will probably have more immediate priorities than arm-twisting the IMF into a giveaway programme to a country he’d struggle to place on a map....
...The new paper, by Jeremiah Green of Texas A&M and John Hand of University of North Carolina, argues that at least on the ethnic diversity side, the studies just don’t hold up....
...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....
...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...At present, Saudi Arabia produces about 9mn b/d, compared with a maximum of about 12mn b/d....
...Bandol in south-west Provence is a good example of a spicy red based on Mourvèdre grapes that’s often overlooked and is definitely worth cellaring, as is Domaine Tempier of Bandol’s characterful rosé....
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...Its output has been reduced from about 10.5mn b/d in April to about 9mn b/d, through a combination of Opec+ mandated production targets and its voluntary cuts....
...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....
...Focus on the local They were also won by focusing on local not national or international issues like ambulance waiting times in the case of North Shropshire....
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...The shutdown of the site, 200km west of the capital Panama City, has been cast as a “victory for the people”, said Orlando Pérez, professor of political science at the University of North Texas....
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...It expects demand to increase by 880,000 barrels a day in 2024, compared with a 2.3mn b/d increase in 2023. Additional reporting by Jamie Smyth in New York...
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...The reduction will lower Saudi Arabia’s output to 9mn b/d in July, and comes in addition to a voluntary 500,000 b/d cut announced by the kingdom in April, when its output was around 10.5mn b/d....
...Novak’s office said the 500,000 b/d cut would be in addition to cuts already pledged. Saudi Arabia’s own output will remain at about 9mn b/d....
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