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...Cuckooland: Where the Rich Own the Truth by Tom Burgis William Collins £18.99, 320 pages Mary Fitzgerald is a program director at the Open Society Foundations Join our online book group on Facebook at...
...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...
...Turkey currently holds a single B rating across the major agencies, five or six notches into junk status, having lost its investment grade designation in the wake of a 2016 failed coup attempt against Erdoğan...
...platform, said gilt purchases in the first three months of 2024 were three times higher than the same quarter last year, with gilts “by far and away” its most popular fixed-income product, according to Tom...
...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....
...This means gilt repo trades collaterised with corporate debt can be “a lot cheaper” and can reduce the cost of the extra liquidity that the regulator wants “by around 70 per cent”, said Tom Williams, head...
...“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/...
...B Italia lacquer Re Quadro coffee table by Paolo Piva, POA, paulsmith.com Maison Margiela leather Tabi Mary Jane loafers, £920, lyst.co.uk Frédéric Malle Music for a While by Carlos Benaïm, £185 for 50ml...
...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....
...Part way through our main course, I ask Tom Hanks why he’s here....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...Brazil, which has a triple B minus credit rating from S&P, six rungs lower than Israel, issued a seven-year dollar paper this week in its first-ever foreign currency sustainable bond with a yield of 6.5...
...They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...At full capacity, the refinery will process 650,000 b/d, which could transform the country into a net exporter of refined fuels....
...The government “didn’t convince”, said Mary Lou McDonald, leader of opposition party Sinn Féin that opinion polls show is the most popular in Ireland and which backed a “yes/yes” vote....
...In 2023, however, oil demand is on track to average 102.2mn b/d — its highest ever annual level, according to the IEA....
...ACE Cultural Tours (aceculturaltours.co.uk) is running a Friedrich-themed tour of Germany tour led by the art historian Tom Abbott in September; details and cost will be published in early 2024....
...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...
...Mary Ellen O’Connell, a law professor at the University of Notre Dame who supports a ban on LAWS, says that realists tend to favour the projection of power over the protection of the rule of law....
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