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2017

2017
March, 24, 19:10:00

SAUDI'S OIL BALANCE

Saudi Arabia faces a difficult balancing act as it tries to work down excess global crude stocks while protecting relationships with important refining customers in the United States and Asia.

2017
March, 24, 19:05:00

WBG: SUSTAINABLE AFRICA

The scaled-up IDA financing will build on a portfolio of 448 ongoing projects in Africa totaling about $50 billion. Of this, a $1.6 billion financing package is being developed to tackle the impending threat of famine in parts of Sub-Saharan Africa and other regions.

2017
March, 24, 19:00:00

U.S. DRILLING UP

U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

2017
March, 22, 19:10:00

OIL PRICES: OVER $50

Benchmark Brent crude was down 82 cents at $50.14 per barrel at 0936 GMT (5:36 a.m. ET), after dropping to $50.05, its lowest level since OPEC announced on Nov. 30 its plan for cuts. The deal with non-OPEC states was reached in December. U.S. light crude was down 70 cents at $47.54 a barrel, also slipping toward a three-month low.

2017
March, 22, 19:05:00

GAS PRICES: ABOVE $3,05

The NYMEX April natural gas contract continued to march higher Tuesday, climbing 5.2 cents to settle at $3.093/MMBtu on a tightening supply-demand balance characterized by strong LNG feedgas deliveries, March demand above year-ago levels and a 2.8 Bcf/d year-on-year dip in production.

2017
March, 22, 19:00:00

PRICES COULD BE LOWER

The crude oil contract for April delivery on the New York Mercantile Exchange dropped 56¢ on Mar. 20 to $48.22/bbl. The May contract fell by 40¢ to $48.91/bbl. The Brent crude contract for May on London’s ICE decreased 14¢ to $51.62/bbl. The June contract dropped 16¢ to $51.79/bbl. The gas oil contract settled at 458.50/tonne on Mar. 20, up $1.75. The average price for OPEC’s basket of benchmark crudes on Mar. 20 was $49.18/bbl, down 18¢.

2017
March, 22, 18:55:00

IRAN STARTS GAS

Iran announced it has started gas recovery from phase 20 development of the supergiant South Pars gas field (SP20) on Sunday.

2017
March, 22, 18:50:00

SAUDI'S ENERGY INVESTMENT $124 BLN

Saudi Arabia leads countries of the Middle East and North Africa (MENA) in future energy investment.

2017
March, 22, 18:45:00

SAUDI BEGIN SALES: $2 BLN

Saudi Aramco is set to launch its first public bond sale, of around $2bn, as soon as this month, as it begins to tap local currency debt markets as part of a $10bn fundraising programme.

2017
March, 22, 18:40:00

STRENGTHENING IMF - 2

I strongly welcome the proposed compacts between African and G20 countries to build capacity and unlock investment flows. All five countries in the first wave have Fund-supported arrangements. We will work closely with the authorities to strengthen their macroeconomic frameworks and will step up the provision of technical assistance.

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