SAUDI OIL EXPORT: $200 BLN
Saudi Arabia's oil exports totalled 1.84bn barrels generating nearly US $200bn in the first eight months of 2014, Al-Riyadh daily has reported.
Of the total oil output 23% is accounted for by domestic consumption reaching nearly 553mn barrels, says expert Fahad bin Jumaa for Al-Riyadh daily.
Meanwhile, Saudi Aramco's CEO Khalid Al-Falih announced they are planning to invest US $40mn over the next 10 years to maintain stability in oil production and double gas production, the daily said.
Opec's oil supplies remain strong with a record of 30.44mn barrels per day in July after prices dropped to $99.52 per barrel last week.
Despite abundant global supplies, a tendency for weak demand persists amid dropping oil prices on a global scale.
West Texas crude oil continued to register low prices to reach US $93.65 per barrel last week, while Brent crude dropped to US $102.29, leaving a price gap of US $8.64.
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PENNENERGY - Siemens Gamesa Renewable Energy has secured orders for the supply of 39 onshore wind turbines in France, with aggregate capacity of 104 MW, at five wind farms being developed in the regions of Hauts de France, Grand Est, Burgundy and in Western France.
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PLATTS - NYMEX Apr natural gas little changed at $2.678/MMBtu
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