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2014-03-05 16:38:00

OIL AT USD90 BY 2020

OIL AT USD90 BY 2020

Oil price scenario for the period until 2020 anticipates a gentle decline to $90 a barrel. Given the budgetary pressures are already developing among GCC oil exporters, such a protracted decline would have negative credit implications for some countries of the GCC, Moody's stated yesterday.

"In such a scenario, sovereign credit quality in the GCC would be affected to varying degrees, with Bahrain and Oman most vulnerable to a potential downward adjustment of the sovereign ratings given their high fiscal break-even prices and declining oil production. The UAE and Saudi Arabia would, despite their large non-oil sectors relative to GCC peers, face reduced fiscal flexibility. Kuwait and Qatar have the most headroom and fiscal flexibility to withstand a protracted oil price decline",…

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Tags: OIL
Chronicle:
OIL AT USD90 BY 2020
2019, October, 18, 11:25:00
ROSNEFT, CHEVRON FOR VENEZUELA
During a meeting in Moscow last month, Russian President Vladimir Putin and Venezuelan President Nicolas Maduro, who has already threatened to nationalize Chevron's assets, discussed the possibility of Rosneft taking over Chevron's Venezuelan operations, sources said.
OIL AT USD90 BY 2020
2019, October, 18, 11:20:00
UAE INVESTMENT FOR INDIA $4 BLN
This is the next step of BASF’s and Adani’s investment plans as announced in January 2019. With the inclusion of ADNOC and Borealis as potential partners, the parties are examining various structuring options for the chemical complex that will leverage the technical, financial and operational strengths of each company. The total investment is estimated to be up to US$4 billion.
OIL AT USD90 BY 2020
2019, October, 18, 11:15:00
SANTOS REVENUE $1 BLN
Record quarterly production and sales volumes • Third quarter production of 19.8 mmboe was a record for Santos and 32% up on the corresponding quarter • Production was 7% higher than the second quarter with higher production from all Australian assets • Record sales volumes of 25.2 mmboe were 25% higher than the corresponding quarter • Sales revenue of $1,030 million was the second highest quarterly revenue on record
OIL AT USD90 BY 2020
2019, October, 18, 11:10:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.4%
Industrial production fell back 0.4 percent in September after advancing 0.8 percent in August. For the third quarter, industrial production rose at an annual rate of 1.2 percent following declines of about 2 percent in both the first and the second quarters.
OIL AT USD90 BY 2020
2019, October, 18, 11:05:00
BAKER HUGHES CHANGES NAME
Baker Hughes, a GE company (NYSE: BHGE) announced today its successful name change to Baker Hughes Company. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”.
OIL AT USD90 BY 2020
2019, October, 16, 13:25:00
OIL PRICE: NEAR $59 ANEW
Brent slipped 16 cents to $58.58 a barrel, WTI gained 2 cents to $52.83.
OIL AT USD90 BY 2020
2019, October, 16, 13:05:00
RELATIONS OF RUSSIA, SAUDI ARABIA
The expansion of interaction with our Saudi partners along the entire chain of cooperation for us, in essence, is the creation of a new alliance in order to maintain our competitiveness in world markets and to develop the national and world energy in general.
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