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All publications by tag «»

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2019, March, 27, 11:50:00

SAUDI'S OIL FOR CHINA UP 28.5%

China's crude oil imports from Saudi Arabia surged 28.5% year on year to 1.56 million b/d in February, surpassing Russia to become the top crude supplier in the month, latest data from the General Administration of Customs showed.

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2019, March, 27, 11:45:00

VENEZUELA'S OIL FOR CHINA WILL DOWN

PetroChina Ltd, the listed subsidiary of state-owned CNPC, expects its crude imports from Venezuela to drop by about a third to around 10 million mt (about 186,000 b/d) in 2019 from 15 million mt in 2018, a senior executive said

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2019, March, 27, 11:40:00

SAUDI ARAMCO NEED $150 BLN

Aramco’s gas expansion strategy needs $150 billion of investment over the next decade as the company plans to increase output and later become a gas exporter, Nasser had said in November.

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2019, March, 27, 11:35:00

UAE GDP UP 3.5%

The UAE's GDP is set to expand 3.5 percent this year against 2.8 per cent in 2018, thanks to a stimulus package worth AED50 billion announced last year along with a host of other measures for the ease of doing business in all the emirates, said Director of Dubai Customs, Ahmed Mahboob Musabih, while chairing the first quarterly Consultative Council meeting in 2019.

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2019, March, 27, 11:30:00

UAE SOLAR INVESTMENT $2 BLN

The Dubai Electricity and Water Authority (DEWA) and a consortium led by Saudi Arabia’s ACWA Power and the Chinese-government owned Silk Road Fund have completed financing of the 950 MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, it was announced on Sunday.

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2019, March, 27, 11:25:00

ENEL NET INCOME +26.7%

Consolidated financial highlights Revenues: 75,672 million euros (74,639 million euros in 2017, +1.4%) EBITDA: 16,351 million euros (15,653 million euros in 2017, +4.5%) Group net income: 4,789 million euros (3,779 million euros in 2017; +26.7%)

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2019, March, 27, 11:25:00

QATAR, UAE NUCLEAR

Qatar called on the International Atomic Energy Agency (IAEA) to intervene in a dispute over a $24 billion nuclear power plant which the United Arab Emirates (UAE) is building.

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2019, March, 27, 11:20:00

ENEL ACQUIRED RENEWABLE $900 MLN

Enel acquired 650 MW of renewable capacity from its U.S. joint venture EGPNA REP

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2019, March, 25, 11:40:00

OIL PRICE: BELOW $67

Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela.

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2019, March, 25, 11:35:00

OPEC SUPPORTS STABILITY

The JMMC reiterated the critical role that the “Declaration of Cooperation” has played in supporting oil market stability since December 2016 and took note of the expressed commitment of all participating countries to ensure that such stability continues on a sustainable basis, as overall conformity reached almost 90% for the month of February 2019, which is up from 83% in the month of January.