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2014-03-14 16:45:00

OPEC: SMALL UP

OPEC: SMALL UP

OPEC Monthly Oil Market Report:

World Economy
World economic growth for 2013 and 2014 remains at 2.9% and 3.5%, respectively. The 2014 forecast for the OECD is unchanged at 2.0%, compared to 1.3% in 2013. In contrast, China's growth for 2014 has been revised down slightly to 7.6%, just below estimated 2013
growth of 7.7%. India's forecast remains at 5.6% for 2014 and 4.7% for 2013. The ongoing trend of accelerating economic growth in the OECD amid a slowdown in emerging economies has been confirmed by the latest data.

World Oil Demand
World oil demand growth for 2013 was revised up by 70 tb/d to stand at 1.05 mb/d. Upward revisions were seen in OECD Americas and Europe, reflecting stronger-thanexpected…

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Tags: OPEC, OIL, WORLD, ECONOMY, MARKET, DEMAND, SUPPLY

Chronicle:

OPEC: SMALL UP
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.

OPEC: SMALL UP
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.

OPEC: SMALL UP
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).

OPEC: SMALL UP
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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