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2014-05-12 19:40:00

SAUDI NO CHANGE

SAUDI NO CHANGE

The Organization of the Petroleum Exporting Countries won't change its crude oil output level when it meets next month, Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Al-Naimi said Monday.

"Supply is highly sufficient. Demand is great. And the market is fairly stable. There's no reason for a change. absolutely no reason," Mr. Al-Naimi said on the sidelines of an energy conference in Seoul.

Asked if OPEC's output cap of 30 million barrels a day is right, the oil minister said: "I think so. I know so."

He also said the current global oil price of $100 a barrel is the fair price "for everybody, consumer, producer and oil companies."

Mr. Al-Naimi said OPEC is willing to supply any shortage which may arise in the market if Russia's exports of oil are disrupted as a result of the Ukraine-Russia crisis.

Benchmark Nymex crude oil for June delivery was Monday trading at a fraction over US$100 a barrel, and about $8 a barrel over levels at the start of the year.

wsj.com

Tags: SAUDI, OIL
SAUDI NO CHANGE January, 21, 11:55:00

OIL PRICE: NEAR $63

SAUDI NO CHANGE January, 21, 11:50:00

OPEC CONFORMITY LEVEL 98%

SAUDI NO CHANGE January, 21, 11:45:00

OIL FOR CHINA: 12.05 MBD

SAUDI NO CHANGE January, 21, 11:40:00

CHINA'S GDP GROWTH 6.6%

SAUDI NO CHANGE January, 21, 11:35:00

FLAT US E&P CAPEX

SAUDI NO CHANGE January, 21, 11:30:00

SAUDI ARABIA INVESTMENT $10 BLN

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Chronicle:

SAUDI NO CHANGE
2019, January, 21, 11:25:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

The 3rd Latin America Energy Forum will address the needs of Latin America's evolving energy sector, exploring the evolution of the region’s energy mix and the role of gas in supporting the increased use of nonconventional renewables.

SAUDI NO CHANGE
2019, January, 21, 11:20:00

FASTEST RENEWABLE GROWING

U.S. EIA - EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years.

SAUDI NO CHANGE
2019, January, 21, 11:15:00

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN

ENA - Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "The Abu Dhabi Fund for Development believes in the vital role the renewable energy sector plays in attaining the sustainable development goals in developing countries. This important sector stimulates economic growth, creates employment opportunities, drives innovation, supports the advancement of other key sectors, and optimises the use of natural resources – all crucial factors in improving people’s lives."

SAUDI NO CHANGE
2019, January, 21, 11:10:00

RUSSIA, SERBIA NUCLEAR

WNN - Russia and Serbia have signed an intergovernmental agreement on cooperation in nuclear energy and a joint statement on strategic partnership for the construction of a centre of nuclear science, technology and innovation.

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