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2016-06-27 18:20:00

SAUDI'S GDP UPDOWN

SAUDI'S GDP UPDOWN

 

OIL PRICES JUNE 2016

 

OIL PRICES 2015 - 2016

According to REUTERS, growth in Saudi Arabia's non-oil gross domestic product is expected to slow to 2.8 percent in 2016 from 3.4 percent in 2015, Saudi central bank governor Ahmed al-Kholifey told state television station Ekhbariya.

Kholifey, speaking in an interview broadcast late on Saturday, was responding to a question about Saudi monetary policy and economic growth given global financial market turmoil caused by Britain's decision to leave the European Union.

He said the central bank was continuing to monitor key economic indicators, noting that the point-of-sale aggregate, an indicator of consumption, had risen 15 percent year-on-year in May and that a rebound of oil prices over the past few months had helped to support growth somewhat.

Repeating a central bank statement issued earlier on Saturday, Kholifey said Brexit would not have much impact on Saudi financial institutions because of their limited exposure to Britain and their healthy asset quality.

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Earlier: 

SAUDI'S OIL POLICIES 

THREE MAIN PLAYERS 

КРИСТАЛЛИЗАЦИЯ МИРОВОГО РЫНКА 

PRICE HAVE TO BE ABOVE $50 

SAUDI'S TRANSFORMATION

 

 

 

Tags: SAUDI, OIL, PRICES

Chronicle:

SAUDI'S GDP UPDOWN
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

SAUDI'S GDP UPDOWN
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

SAUDI'S GDP UPDOWN
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

SAUDI'S GDP UPDOWN
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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