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...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....
...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...
...to 13mn b/d by 2027....
...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....
...Now, scientists, fusion executives and investors say the foundations may finally be in place for a company, or several, to demonstrate a commercially viable fusion plant by the 2030s....
...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.”...
...The former head of Shell has said the oil major is “massively undervalued” in London and may benefit from switching its listing to the US, in another blow to sentiment surrounding the UK stock market....
...Marc Filippino Tom Wilson is the FT’s natural resources editor. Thanks, Tom. Tom Wilson Thanks very much....
...intentions: the company wants to stay in fossil fuels as long as possible,” he said, urging investors to back the climate resolution it co-filed with 27 institutional investors at the upcoming annual meeting in May...
...Looney abruptly resigned in September, admitting he had failed to fully disclose past relationships with colleagues following a set of accusations received by the board in May 2022....
...The results may take years to materialise. “In isolation any single policy announcement is going to look pretty underwhelming,” New Financial’s Wright said....
...The price of European gas has fallen to a level last seen before Russia started curtailing supplies in 2021, offering hope that an energy crisis that has engulfed the region for the past three years may...
...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....
...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....
...These considerations may indefinitely delay the answer to the question “What causes obesity?” J Wilson Carswell London W12, UK...
...Pouyanné is an unabashed defender of what he presents as a pragmatic worldview, arguing that oil demand may peak before the end of this decade but will decline slowly enough after that new production will...
...Lund had previously said the company remained committed to the pivot to greener energy despite Looney’s departure, although an external hire may have sought to push BP in a different direction....
...tom.wilson@ft.com...
...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....
...Energy Source is written and edited by Tom Wilson, Jamie Smyth, Myles McCormick and Amanda Chu, with support from the FT’s global team of reporters....
...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....
...This means coal demand may have peaked in 2023, according to the IEA. “A historic turning point could arrive soon,” it said....
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