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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 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....
...Wilson ennobled as a life peer his old friend, Joseph Kagan, who had already received a knighthood in 1970, and made large financial contributions to Wilson’s trust....
...“They felt we’d given a fair representation of their relatives, given that they had polar opposite views,” he says. “We didn’t want to load the dice one way or the other.”...
...It had previously forecast demand to grow by 1mn b/d in 2024....
...“I don’t need more resources in the United States and now would not be the time that I’d want to do it as I’d prefer to go countercyclical [and buy when oil prices are low],” he said....
...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....
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