2015-09-01 18:50:00
OPEC GAINS 2016
While OPEC's fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50 a barrel, an entirely different picture could emerge next year.
Supplies outside OPEC are expected to contract in 2016 for the first time since 2008, sliding by 200,000 barrels a day, according to the International Energy Agency. With consumption set to grow by 1.4 million barrels a day, OPEC and its de facto leader Saudi Arabia could seize the chance to broaden their market as competitors damaged by the price slump fall off.
"To declare their policy a failure is a pretty big leap,"…
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April, 19, 09:45:00 |
OIL PRICE: NEAR $72 YET |
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April, 19, 09:40:00 |
U.S. OIL PRODUCTION 12.1 MBD |
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April, 19, 09:35:00 |
VENEZUELA'S, RUSSIA'S OIL |
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April, 19, 09:30:00 |
TURKEY, US ENERGY COOPERATION |
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April, 19, 09:25:00 |
AUSTRALIA'S LNG PRODUCTION UP 11% |
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April, 19, 09:20:00 |
U.S. NUCLEAR SECURITY |
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Chronicle:
2019, April, 19, 09:15:00
S.KOREA RENEWABLE ENERGY
South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.
2019, April, 19, 09:10:00
UAE GDP WILL UP 4.7%
The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.
2019, April, 19, 09:05:00
U.S. TRADE DEFICIT $49.4 BLN
the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,
2019, April, 19, 09:00:00
U.S. RIGS DOWN 10 TO 1,012
BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.
