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2014-03-20 08:10:00

GLOBAL DEMAND GROWING FASTER

GLOBAL  DEMAND  GROWING  FASTER

AOG. Opec has announced that global demand for oil & gas is growing faster than analysts had previously thought. The organisation raised its predictions for oil consumption in 2014 for a second straight month.

Opec's view on global oil consumption puts it as odds with the U.S. government's Energy Information Administration, which on Tuesday cut its forecast.

In a monthly report, Opec said global demand will rise by 1.14 million barrels per day (bpd) this year, up 50,000 bpd from its previous forecast. It also raised the 2014…

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Tags: OPEC, OIL

Chronicle:

GLOBAL  DEMAND  GROWING  FASTER
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

GLOBAL  DEMAND  GROWING  FASTER
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

GLOBAL  DEMAND  GROWING  FASTER
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

GLOBAL  DEMAND  GROWING  FASTER
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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