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2015-05-04 12:05:00

SAUDI&CHINA GROWTH

SAUDI&CHINA GROWTH

The head of oil in Saudi Arabia reaffirmed the country's commitment to supplying oil resources to meet increasing demand in Asia, Reuters reported. Oil Minister Ali al-Naimi recently visited China and said that oil demand in Asia is still strong, citing the increasing need for energy as the middle class grows.

With rapid industrialization in China, the industrial sector and other economic segments will require more energy resources like natural gas to fuel production. Naimi said the country's friendship with China would continue through this energy partnership.

"Oil will retain its pre-eminent position and Saudi Arabia will remain the No. 1 supplier," said Naimi. "We should not lose sight of these facts and the importance of our ongoing relationship."

Saudi Arabia is the world's second-biggest exporter of petroleum products, according to the U.S. Energy Information Administration.

With lower oil prices, Saudi Arabia acknowledges that cheap energy has helped Asia fulfill its energy demands, but Naimi also stressed eventually having a fair price for both sides of the market for oil and gas products, according Reuters.

He said stable prices are important for supply and demand to increase in a sustainable matter.

pennenergy.com

Tags: SAUDI, CHINA, OIL, GAS, PRICES

Chronicle:

SAUDI&CHINA GROWTH
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

SAUDI&CHINA GROWTH
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

SAUDI&CHINA GROWTH
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

SAUDI&CHINA GROWTH
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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