Hints and tips:
...The group’s demand estimate of 102mn b/d for 2023, also down slightly, would still be a jump of another 2.3mn 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....
...Q1, Nintendo Q2, NTT Q3, Pandora Q3, Persimmon trading update, Salvatore Ferragamo Q3, Suzuki Motor Q2, Walt Disney Company Q4 Wednesday China, October consumer price index (CPI) and producer price index...
...Venezuela once produced more than 3mn b/d of oil, but last month eked out just 700,000 b/d. That’s considerable upside, if the industry could be patched up....
...great Coppola or Scorsese gangster movie, seems to come out of an Italian police B-movie.”...
...The embargo caused Libya’s oil production to collapse from about 1.2m barrels a day to less than 100,000 b/d at a time when Opec members, led by Saudi Arabia, and Russia — a backer of Gen Haftar — have slashed...
...Mr Sanalla said Libya’s ambitions of raising its oil production to 1.5m b/d this year and 2.5m b/d later this decade were in serious jeopardy. “This will damage and destroy our work....
...Tehran’s main concern is the restrictions on its oil exports, which have plummeted from 2.8m barrels a day in May last year to under 500,000 b/d....
...If I were removing it and it weren’t mine, I’d be a little bit more gingerly about it,” the official said....
...Oil exports have fallen from a peak of about 2.8m barrels a day in May last year to about 1.3m b/d....
...Emboldened by his success in ramping up crude production from about 200,000 barrels a day to just over 1m b/d, his target is to increase output to 2m b/d with a $60bn five-year investment plan....
...This spurred US president Donald Trump to call on Saudi Arabia to release 2m b/d of extra oil on to the market to offset a drop in Venezuela’s output and an expected fall in Iranian barrels....
...The central projection in this report is that demand for petrochemical products will grow by 30 per cent by 2030 and by 60 per cent by 2050, pushing feedstock demand up by 7m b/d of oil....
...But after raising output from 9.6m b/d in late 2014 to a record 10.6m b/d last June, its output has been remarkably steady....
...Danone North America became a B Corp last April, joining 2,600 others including Patagonia, Gap subsidiary Athleta, and the Unilever-owned Seventh Generation and Ben & Jerry’s....
...It was reportedly the largest series B fundraising in Thailand at that time....
...China imported 8.4m barrels a day last year, outpacing the US, which buys 7.9m b/d from overseas markets, according to the US energy department....
...Recently protesters demanded a shutdown in fields operated by Germany’s Wintershall due to a contract dispute, cutting output by 40,000 b/d....
...Exports climbed gradually in 2016, averaging less than 600,000 b/d....
...to a record 9.9m b/d....
...The portrait of a cadet soldier (D.B. Sweeney) and the Honor Guard officer (James Caan), responsible for soldiers’ funerals, who becomes his surrogate father ends with a harrowing poignancy....
...Mr Sanalla is targeting expansion of Libya’s oil production to 2.1m b/d by 2022. Libya NOC and Rosneft also signed a crude oil offtake agreement....
...One of the two Opec members exempted from a global supply cut deal, Libya hopes output will rise to 1.2m b/d by the end of the year....
...Libya’s production is still well below the 1.6m b/d it used to produce before the 2011 uprising, which overthrew Muammer Gaddafi, the former dictator, and left the country fragmented and under the control...
...Before the 2011 revolution Libya’s output was above 1.6m b/d and has already more than doubled to about 700,000 b/d since September after the reopening of three major ports and a pipeline....
International Edition