OIL & GAS EXPECT JOBS
Companies in the UK oil and gas sector expect to create up to 39,000 jobs over the next two years.
A survey of 100 companies, commissioned by the Bank of Scotland, found expectations of employment growth had increased since last year.
A clear majority (69%) of executives in the companies were optimistic about their growth prospects in 2014/2015.
A total of 38% of those responding said a shortage of skilled workers would be their greatest challenge.
International expansion was cited…
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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.
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.
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).
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.