Hints and tips:
...Crown Prince Mohammed bin Salman wants to use oil profits to fund an ambitious programme to modernise the kingdom and diversify the economy....
...The country needs an oil price of closer to $100 a barrel to fund the ambitious economic reform programme of Crown Prince Mohammed bin Salman, but its efforts to cut production have not been welcomed by...
...Saudi Arabia has warmed to a small production increase as it attempts to utilise oil diplomacy to rehabilitate Prince Mohammed after western allies had distanced themselves following the murder of journalist...
...cut by 211,000 b/d and 135,000 b/d respectively....
...At present, Saudi Arabia produces about 9mn b/d, compared with a maximum of about 12mn b/d....
...You would think it was part of a script from a budget B-movie if it wasn’t so true”....
...But Russia’s output has dropped since the start of the Ukraine war, falling from about 11mn b/d in March to an average of 10mn b/d in April, according to data provider OilX....
...Its output has been reduced from about 10.5mn b/d in April to about 9mn b/d, through a combination of Opec+ mandated production targets and its voluntary cuts....
...The reduction will lower Saudi Arabia’s output to 9mn b/d in July, and comes in addition to a voluntary 500,000 b/d cut announced by the kingdom in April, when its output was around 10.5mn b/d....
...Iraq will reduce crude production by 211,000 b/d, the United Arab Emirates by 144,000 b/d, Kuwait by 128,000 b/d, Kazakhstan by 78,000 b/d, Algeria by 48,000 b/d and Oman by 40,000 b/d, according to statements...
...and top energy official Alexander Novak said Moscow would also make a “voluntary” supply cut of an additional 500,000 b/d next month....
...Down the street from Laith’s house, Mohammed Darwish, who turned 16 in an Israeli prison, plays with his younger sisters while his mother recounts his arrest....
...Saudi Arabia supplied approximately 1.7mn b/d in the first two months of the year, down from about 1.8mn b/d a year earlier....
...Perhaps the most amusing piece this year was James B. Stewart’s examination of the apparently dodgy goings-on at high-end New York wine seller Sherry-Lehmann....
...People close to the talks said the cuts could total 500,000 b/d to 1mn b/d for the group as a whole, but Saudi Arabia may make a further unilateral production cut in addition....
...The actual fall in output from the Opec+ group’s lowered target is likely to be closer to 1mn b/d, rather than the headline of 2mn b/d, as many of its weaker members have struggled to hit production targets...
...b/d of oil equivalent by 2028....
...As for the films, their plots are up there with the worst B-movies Hollywood has to offer....
...News clipsM-B-Z . . . They call him MBZ because it’s easy to remember. His name is Sheikh Mohammed bin Zayed al-Nahyan . . ....
...After a July meeting between Prince Mohammed and Biden, US officials were optimistic the kingdom was willing to increase oil production....
...Joe Biden’s fist-bumping visit to Saudi crown prince Mohammed bin Salman was always a questionable exercise....
...Opec has since trimmed that back by 100,000 b/d and the IEA has lopped 500,000 b/d from its forecast for 2023, to 1.6mn....
...“It’s a triple-win situation,” he told the FT last year. Clean energy investments are part of an ambitious plan by Crown Prince Mohammed bin Salman to modernise the conservative country....
...But still, any significant cuts above 1mn b/d would be a major blow to the White House just a month ahead of the midterm elections....
...On another occasion, I got chatting to a Japanese woman who turned out to be a) the translator for my session the following day and b) a near neighbour of mine in London....
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