All publications by tag «SAUDI»
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2015, March, 25, 20:25:00
U.S.: 75,000 JOBS CUTTING
At this point in the oil slump, dreaded jobs cuts hardly come as a surprise anymore; this week, Talisman Energy let go of 200 employees while Neven energy cut 400. But how many total American jobs have low oil prices cost? A recent Forbes article estimates at least 75,000—about 12 percent of the nation’s oil and gas workforce—so far.
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2015, March, 20, 18:10:00
SAUDI WILL INCREASE
Saudi Aramco will increase its spending on research and development in 2015, despite the falling price of oil.
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2015, March, 12, 21:00:00
SAUDI’S STRATEGY
In December Saudi Arabia’s oil minister Ali al-Naimi posed an interesting question: “Is there a black swan out there that we don’t know about which will come by 2050 and we will have no demand?”
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2015, March, 9, 19:20:00
OIL & GAS: $1 TRN CANCELLED
The oil and gas industry may cancel about $1 trillion of planned projects globally in the next two years due to the fall of the oil price.
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2015, February, 28, 18:50:00
THEY ROCK THE MARKETS
“Why do you want to rock the markets? The markets are calm. Demand is growing,” al-Naimi told reporters in Jazan, Saudi Arabia.
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2015, February, 14, 14:45:00
OIL PRICES UNCERTAINTY
Crude oil prices moved higher toward the end of January and into the first week of February.
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2015, February, 14, 14:05:00
SAUDI BUDGET INSULATED
Saudi Arabia budget insulated from effects of lower oil prices
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2015, February, 7, 16:25:00
OIL PRICES UP
Crude oil prices on the New York market bounced up $2/bbl to settle slightly above $50/bbl Feb. 5. The positive momentum continued during early Jan. 6 trading in what has proved to be a turbulent week for oil prices.
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2015, January, 27, 20:50:00
OIL PRICE: $200
OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply.
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2015, January, 27, 20:40:00
SAUDI'S OIL FALLING
As the world’s oil producers wring their hands over a global glut that’s pushing down prices, evidence is mounting that Saudi Arabia is more concerned about shrinking demand.