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...“We’d all love them to build more in renewables but from a shareholder point of view, returns are not there.”...
...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...
...He has also worked for Mark Warner, the current chair of the Senate intelligence committee, and for Biden’s current climate envoy and former US secretary of state John Kerry....
...When it came to being in a band, I’d go and see a lot of bands and artists, and I’d take away things I didn’t want to do or be: reverse mentorship. At art school, a teacher called John Ross....
...John D VarlaroChepachet, RI, US...
...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....
...Returning to South Africa and the LSE to buy Anglo American would be a big coup for Bristow, said John Meyer, a mining analyst at SP Angel....
...to 13mn b/d by 2027....
...One longtime shareholder said Henry was “everything you’d imagine of a CEO of an efficient, process-driven company, but has been bolder around repositioning the portfolio and M&A than previous management...
...Sir John Sawers, the former head of MI6, will also step down from the BP board in April, after nine years of service....
...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/d...
...“They have 3mn b/d of spare capacity now so what is the rush of increasing production capacity to 13mn b/d.”...
...Unable to give live performances, conductor John Wilson, long used to researching the original orchestrations of Broadway musicals, turned his attention during the long months of lockdown to a different...
...Marc Filippino Tom Wilson is the FT’s natural resources editor. Thanks, Tom. Tom Wilson Thanks very much....
...With few homes changing hands, buyers of homes in the hill towns and villages along the Côte d’Azur, including Mougins, Valbonne, Tourrettes-sur-Loup and Saint-Paul-de-Vence, are securing good discounts....
...J Wilson Carswell London W12, UK...
...john.burn-murdoch@ft.com, @jburnmurdoch...
...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....
...To celebrate, we went to The John F Kennedy Center for the Performing Arts to see a Tchaikovsky production by Ballet West....
...An American digital forensics company concluded that it and other documents were planted, but Wilson remains in jail....
...But investors have long memories, argues Jefferies analyst Mark Wilson....
...On June 5 1944, a courier from Britain’s Bletchley Park code-breaking centre interrupted a D-Day planning session and handed a top-secret message to General Dwight Eisenhower....
...It had previously forecast demand to grow by 1mn b/d in 2024....
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