Hints and tips:
...No mention of the B-word, then....
...Pre-salt production rose from 41,000 b/d in 2010 to 2.3mn last year, fuelling record annual profits of R$188bn (US$39bn) and dividends of R$216bn at the company....
..., up from almost 100mn b/d in 2022....
...While US oil output is still rising, growth is expected to be just 200,000 barrels a day over the next 12 months, well below the expansion of 2mn b/d reached between 2018 and 2019....
...But it has begun to slide in some once-prolific regions such as the Bakken shale of North Dakota, where new oil production per rig rose from a little over 100 b/d in 2007 to more than 2,700 b/d in 2020,...
...US oil production, which soared by almost 2mn barrels a day at the height of the shale revolution between 2018 and 2019, is set to grow by just 200,000 b/d over the next 12 months — with practically all...
...In total, the group will now produce almost 6mn b/d less than it could in the first quarter of 2024....
...Exports — mainly to Asia — were 4.7mn b/d, below its five-year average, according to OilX....
...Goldman Sachs believes Chinese oil demand dropped by 500,000 b/d last week — a huge number....
...Global demand will be 2.6mn barrels a day higher in the fourth quarter than in the first quarter, the IEA believes, as it sets a new annual record well above 100mn b/d....
...Russia said it would extend its existing 500,000 b/d cut until the end of the year....
...I got a B at GCSE maths. I didn’t do maths A-level. I’m able to understand and learn about all of these things. If I can do it, anyone can....
...US oil output sits at about 12mn barrels a day, according to the Energy Information Administration, well below the 13mn b/d record high hit in 2019. Growth next year is set to be about 500,000 b/d....
...Continental Resources, which shale pioneer Harold Hamm took private last year, is the US’s biggest private oil producer, pumping 280,000 b/d. It’s also a natural gas powerhouse....
...The reason that’s bad is because a) it doesn’t usually work, and b) it just invites retaliation....
...“When people came to my bar, they’d say, ‘I don’t like beer.’ Then they’d try my beers and say, ‘This is wonderful, what is it?’ And I’d say, ‘It’s a fucking beer!’”...
...Goldman Sachs forecasts a demand leap this year of 2.7mn b/d, pushing oil prices back above $100 a barrel....
...Energy Aspects forecasts a small recovery in the first quarter of 2023, revising Chinese oil demand up by 0.26mn b/d, a 1 per cent increase year over year....
...The International Energy Agency forecasts that global oil demand may fall from more than 100mn b/d today to 24mn b/d in 2050 if the world successfully cuts emissions to net zero by then....
...Safari Drive arranges self-drive trips across southern Africa in a 4x4 Toyota Land Cruiser equipped with a rooftop tent and camping equipment....
...The trade bloc is averaging 547,000 b/d in Russian diesel imports in January, up 2.4 per cent from last year, prior to Russia’s invasion of Ukraine....
...S&P Global Commodity Insights predicts the 2022 Atlantic Hurricane season, which ends in November, will curtail 75,000 b/d of Gulf output, down from 100,000 b/d last year....
...In the US, Saudi Aramco already owns a 630,000 b/d oil refinery in Port Arthur, Texas, which is the biggest refinery in the country....
...b/d in the second quarter, according to Petro-Logistics, a Swiss-based cargo-tracking group....
...That is still well below the record high of around 13mn b/d struck in 2019 before the pandemic....
International Edition