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...China is the biggest market for Saudi crude and increasingly important for Aramco’s ambitions to convert 4mn barrels a day of its oil production — approximately 40 per cent of its current output — into petrochemicals...
...(Granted, without Leslie’s defamation insurance this book might never have seen the light of day.)...
...The days of handing out bribes to secure commodity contracts are over, the heads of the world’s biggest trading companies said, after a series of US bribery scandals put the sector under intense scrutiny...
...Richard Holtum, head of gas, power and renewables at Trafigura, said his team “uploads several billion discrete bits of data into the cloud” every day....
...“Jose has played a pivotal role in driving Trafigura’s growth and success from the company’s earliest days to today,” he said....
...The volume of oil and refined petroleum products that the group traded remained roughly flat at 7.3mn barrels per day....
...Ben Hoff, global head of commodity strategy at Société Générale, previously warned that the possibility of Saudi Arabia quickly bringing in some 3mn barrels a day hung over the market “like the sword of...
...to launch “power hour” lunches that offer a full-blown dining experience without eating up too much of the day....
...The series of cuts, which began in November 2022 in the face of vehement US opposition, has crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
...The only thing to do is to set out alone as a wandering ronin, seeking your missing partner and becoming deeply embroiled in the political intrigue of the day....
...So what would be the driver at the end of the day?” he added, at the FT’s Commodities Summit in Lausanne....
...Pilots must have special training to land at the airport, though for private (as opposed to commercial) pilots this is often completed in as little as two days....
...Drummer Tom Skinner is the third member of The Smile. A member of the band Sons of Kemet, he has a background in London’s jazz scene....
...Last year it traded the equivalent of the combined oil demand of the UK, France and Germany — an average of 5.5mn barrels a day....
...I’m joined now by Tom Wilson who covers energy for the FT. Hi, Tom. Tom Wilson Hi, Marc....
...Things do not need to be a “slash and burn” race to the bottom. In fact online, as well as “bricks and mortar”, would benefit as customers would bring forward their orders....
...Since the latest voluntary cuts came into effect in January they have lowered the combined production targets of members by about 2.2mn barrels a day....
...Our second day proved more of a revelation, proof of how easy it is to escape others in this huge domain....
...For decades plasma physicists have argued that fusion reactions will one day provide a safe and potentially inexhaustible source of low-carbon energy....
...Marc Filippino Tom Wilson is the FT’s natural resources editor. Thanks, Tom. Tom Wilson Thanks very much....
...Thanks for reading — Tom Is the UK losing its pole position in energy transition?...
...Definitely the first two years of Cubitts, when I worked seven days a week, 18 hours a day....
...producer, 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...
...“I sometimes long for the day [when] you’re just having to worry about cooking steaks.”...
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