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2017-08-14 14:20:00

SAUDI'S DEFICIT DOWN

SAUDI'S DEFICIT DOWN

REUTERS - Saudi Arabia's state budget deficit shrank by a fifth from a year earlier in the second quarter of this year as revenues rose moderately and spending fell marginally, finance ministry figures showed on Sunday.

Revenues increased 6 percent from a year ago to 163.9 billion riyals ($43.7 billion); oil revenues jumped 28 percent to 101.0 billion riyals because of higher international oil prices.

Spending dropped 1.3 percent to 210.4 billion riyals in the second quarter, leaving a deficit of 46.5 billion riyals compared to about 58.4 billion riyals a year earlier.

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Earlier:

SAUDI'S GDP GROWTH: ZERO 

... se to zero as oil GDP declines in line with Saudi Arabia’s commitments under the OPEC+ agreement. Non-oil growth is projected to pick up to 1.7 percent in 2017, but overall real GDP growth is expected to be close to zero as oil GDP declines in line w ...
2017-07-24 Read more »
 SAUDIS WILL CUT
SAUDIS WILL CUT SAUDIS WILL CUT Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC production commitme ...
2017-07-12 Read more »
 SAUDIS OIL RESOURCES UP
... IS OIL RESOURCES UP SAUDIS OIL RESOURCES UP Saudi Arabia effectively grew its recoverable oil resources by 73 billion barrels this year after lower tax rates for state producer Saudi Aramco boosted the countrys estimated prospective resources. Saudi ...
2017-06-21 Read more »
 SAUDIS ASSETS DOWN  
... NO ONE ENVIES THE SAUDIS No one envies the Saudi Arabians now. Yes, the Brent price has rebounded from its of 2015-16 lows to stabilise over $50. At the Opec meeting in Vienna this week the delegates agreed to extend production curbs for another nin ...
2017-05-26 Read more »
 SAUDIS & U.S. DEALS: $50 BLN  
2017-05-23 Read more »
 IMF WANT SAUDIS  
2017-05-19 Read more »
 SAUDI'S OIL POLICY
SAUDIS OIL POLICY SAUDIS OIL POLICY Saudi Arabia’s conventional approach to market management is no longer working: crude has fallen back below $50 a barrel, US shale oil output is again on the rise and Saudi-led Opec, if anything, is worse off than ...
2017-05-10 Read more »
 

 

 
Tags: SAUDI, OIL, PRICE, FINANCE

Chronicle:

SAUDI'S DEFICIT DOWN
2017, December, 18, 12:20:00

AUSTRALIA STOPS COAL

PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.

SAUDI'S DEFICIT DOWN
2017, December, 18, 12:15:00

EXXON - PETROBRAS ALLIANCE

Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

SAUDI'S DEFICIT DOWN
2017, December, 18, 12:10:00

EXXON BOUGHT MOZAMBIQUE

ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

SAUDI'S DEFICIT DOWN
2017, December, 18, 12:05:00

U.S. RIGS DOWN 1 TO 930

U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.

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