SAUDI'S OIL FALLING
As the world's oil producers wring their hands over a global glut that's pushing down prices, evidence is mounting that Saudi Arabia is more concerned about shrinking demand.
The world's largest exporter has chosen not to cut production, counting instead on lower prices to stimulate consumption, said Mohammad Al Sabban, an adviser to Saudi Arabia's petroleum minister from 1988 to 2013. The Saudis are keeping an eye on investments in fuel efficiency and renewable energy, according to Francisco Blanch, Bank of America Corp.'s head of global commodity research.
"Nobody should imagine the world will continue to…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.
|April, 17, 11:45:00|
|April, 17, 11:35:00|
|April, 17, 11:25:00|
|April, 17, 11:22:00|
|April, 17, 11:20:00|
|April, 17, 11:15:00|
Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,
Alexey Likhachev reminded the audience that the Forum motto is “Nuclear for better life”. Each sphere of human activity is affected by the achievements of nuclear industry. “Peaceful atom is associated with all aims and goals of UN sustainable development program. This Forum will become a space for discussing newest technologies that will lay the basis for the future of our planet”, Mr Likhachev emphasized.
The investment incentives provided by Dubai government and the business opportunities up for grabs on the horizon were the crux of a meeting officials of the Dubai Land Department, DLD, had with a Russian delegation who participated in the recently concluded Annual Investment Meeting 2019.
U.S. FRB - Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate.