2014-11-01 12:45:00
OPEC: OIL PRICE WAR
Members of OPEC, the group that supplies 40 percent of the world's oil, are engaged in an internal price war as they seek to preserve their share of an oversupplied market, Iraqi Oil Minister Adel Abdul Mahdi said.
"There is a price war within OPEC," Abdul Mahdi told an evening session of the parliament in Baghdad yesterday, which was broadcast on state-run television. "The market's fundamentals have changed, with an extra 3 million barrels a day of crude entering the market at a time when growth in China and India has slowed."
Crude prices have collapsed more than 20 percent from their June peak, meeting a…
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April, 19, 09:45:00 |
OIL PRICE: NEAR $72 YET |
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April, 19, 09:40:00 |
U.S. OIL PRODUCTION 12.1 MBD |
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April, 19, 09:35:00 |
VENEZUELA'S, RUSSIA'S OIL |
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April, 19, 09:30:00 |
TURKEY, US ENERGY COOPERATION |
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April, 19, 09:25:00 |
AUSTRALIA'S LNG PRODUCTION UP 11% |
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April, 19, 09:20:00 |
U.S. NUCLEAR SECURITY |
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Chronicle:
2019, April, 19, 09:15:00
S.KOREA RENEWABLE ENERGY
South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.
2019, April, 19, 09:10:00
UAE GDP WILL UP 4.7%
The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.
2019, April, 19, 09:05:00
U.S. TRADE DEFICIT $49.4 BLN
the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,
2019, April, 19, 09:00:00
U.S. RIGS DOWN 10 TO 1,012
BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.
