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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...
...His Joe — switching abruptly between aggression, clowning and a poignant discomfort — offers a vivid corrective to the sentimental earnestness that dominates. ★★☆☆☆ In UK cinemas from May 10...
...I speak to Howell again from base camp on May 4 after he has returned from four days acclimatising higher up the mountain, but on May 9 he is forced to push back the plan due to a hacking cough....
...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...
...In Wilson’s staging she appears more an objet d’art than a person: the light shifts with her mood, Ludovico Einaudi’s music swells and surges, almost drowning her out....
...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....
...Under UK takeover rules, Henry has until May 22 to make a formal bid, but having placed a target on Anglo’s back, BHP could now face competition from rival suitors....
...William Dixon London SE18, UK David Wilson Walton-on-the-Naze, Essex, UK...
...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....
...Barrick Gold: copper in sight Canadian-listed Barrick Gold may also be interested....
...BHP has until May 22 to make a formal approach under UK takeover rules....
...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 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....
...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...
...These considerations may indefinitely delay the answer to the question “What causes obesity?” J Wilson Carswell London W12, UK...
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