U.S. Remains World’s Top Oil Producer And Consumer

Earlier this month BP released its Statistical Review of World Energy 2022. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each year, I do a series of articles covering the Review’s findings. In the previous article, I discussed the trends in global carbon dioxide emissions. Today, I want to cover the production and consumption of petroleum.

Oil Demand Bounces Back

For 2020, the Review reported the largest decline in oil1 consumption on record. After nine consecutive years of increase, the Covid-19 pandemic caused global consumption of crude oil to decline by more than 9% in 2020. Last year oil consumption bounced back by climbing 6% — the fastest rise since 1976. However, consumption remains 3.7% below the record level of 2019.

The United States remains the world’s top oil consumer, averaging 18.7 million BPD in 2021. This marked an increase … Read more

HMRC rakes in £6.1bn from annual inheritance tax receipts, up 14% on the previous year

Alex Davies, Chief Executive of Wealth Club, reacts to today’s HMRC annual inheritance tax receipts and recommends ways to mitigate IHT liability:

“Revenue generated from inheritance tax last year amounted to £6.1 billion, this is a sharp increase of 14% on the previous year. We’ll have to wait a few years for the detail on how that number breaks down between increases in the number of taxable estates and larger tax bills, but it’s hard to imagine the average tax bill has shrunk.

The most recent numbers available, and published today, cover the 2019-20 tax year. They show a modest increase in the number of estates paying inheritance tax as well as a meaningful increase in the average inheritance tax bill, rising £7,000 to an average bill of £216,000. This is enough to buy the average house in Wales, or more than enough for the average home in Scotland or … Read more

The benefits of using mobile apps for business

Today it has become obvious that for the successful development of a business, it is not enough just to have a website; it is also necessary to use a special mobile app. The development of such an application can be ordered individually, or it can be done using a ready-made product.

If your business doesn’t already have its own app, we highly recommend that you seriously consider creating one. Today, it’s pretty easy – just contact a company that provides cross platform app development services. Why a cross-platform app?

  • Cross-platform development costs less, which is explained by the smaller amount of work compared to native development. But even here, there are pitfalls, which can be discerned only by understanding the pricing principles.
  • unlimited functionality and interface of the application;
  • low cost of bug fixes and updates;
  • There is no need to synchronize the creation of Android- and iOS-applications and spend
Read more

Manoir Hovey: A Spectacular Experience that Lasts A Lifetime

Travelling is a great way to experience new cultures and different ways of life. With so many options and destinations, choosing the right hotel can be difficult, especially if you’re not too familiar with the area.

It’s important to look for hotels that suit your needs, whether it’s finding one with a mini bar or simply one that offers breakfast each morning.

This edition, World’s Most Spectacular Hotels to Experience, takes you through a myriad of hotels that have a proven record of being travelers’ favorite places to stay.

One prominent name among these hotels is Manoir Hovey, a five-star Relais & Chateaux property on the outskirts of the village of North Hatley in the Eastern Townships,

Quebec.

In the following interview, Jason Stafford, the Managing Director and part of the ownership family, shares his unique insights into the culture, the passion, the empathy, and care that generations … Read more