Hints and tips:
Related Special Reports
...Bengdara said his aim was to lift production to 2mn b/d over three to five years, as he pledged to review Libya’s fiscal regime to attract more foreign investment....
...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.”...
...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/...
...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....
...Exhibit B: Norway’s parliament last month voted to open up for deep-sea mining in and close to the Arctic....
...It had previously forecast demand to grow by 1mn b/d in 2024....
...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....
...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....
...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...
...Nasser expected global oil demand to average as much as 104mn b/d in the third quarter of 2023, 2.4mn b/d higher than in the same period last year, driven largely by increased demand in China....
...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....
...The reduction in output is 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....
...The IEA said demand could hit another peak this month and was on track to average 102.2mn b/d in 2023, the highest ever annual level....
...Iran exported 1.5mn b/d of crude to China in August, the most in a decade, according to ship tracking data provided by Kpler....
...It means Saudi Arabia’s oil output will remain at 9mn b/d until at least the end of September, 25 per cent lower than its maximum capacity of 12mn b/d....
...Consumption could hit another peak this month and was on track to average 102.2mn b/d in 2023, the highest ever annual level, according to the IEA’s forecast, with 70 per cent of the growth coming from China...
...Additional reporting by Tom Wilson in London and James Politi in Washington...
...Before the incident, Exxon pumped 45,000 barrels a day out of the country; afterwards it dropped to 15,000 b/d....
...My daughter wants to be the girl, Mabel – but Madame B steals the show for me....
...Its oil exports edged up by another 50,000 barrels a day in April to a post-invasion high of 8.3mn b/d, exceeding the 7.7mn b/d and 7.5mn b/d that it averaged, respectively, in 2022 and 2021....
International Edition