Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-01-26 19:15:00

OIL DEMAND WILL GROW

OIL DEMAND WILL GROW

 

National oil giant Saudi Aramco is continuing to invest in oil and gas production capacity despite cost-cutting due to low oil prices, its chairman Khalid al-Falih said on Monday.

Aramco's plans starkly contrast with governments and oil firms outside the Gulf, which have been reducing capital spending sharply in response to financial pressures as crude prices drop to 12-year lows.

Saudi Arabia, the world's top oil exporter, is determined to protect or expand its market share when the balance between supply and demand eventually improves and prices recover.

"Our investments in capacity of oil and gas have not slowed down - we have been able to do a lot of cuts in spending by simply driving down costs," Aramco chairman Khalid al-Falih told a panel discussion at a business conference."

"Saudi Arabia is well documented to be the clear lowest cost producer," he told reporters later. "We have scale, capability, technologies that have allowed us to maintain our low cost."

He said global oil supply and demand would balance at a "moderate" price soon.

"Demand will grow, as it has already started in 2015, and there will be a period not far into the future (when) demand will catch up with supply," he said.

reuters.com

-----

More: 

OPEC SEES MORE 

SAUDI - IRANIAN COMPETITION - 2 

SAUDI'S IPO PLAN 

SAUDI'S RESTRICTIONS UP 

SAUDI: GORILLA IN THE ROOM 

 

 

 

 

 

 

 

 

Tags: SAUDI, OIL, DEMAND, PRICES,
OIL DEMAND WILL GROW October, 19, 11:30:00

ТРАГЕДИЯ В КЕРЧИ

OIL DEMAND WILL GROW October, 19, 11:25:00

OIL PRICE: NOT ABOVE $80

OIL DEMAND WILL GROW October, 19, 11:20:00

GAS FOR CHINA: THE BIGGEST

OIL DEMAND WILL GROW October, 19, 11:15:00

RUSSIAN LNG FOR GERMANY

OIL DEMAND WILL GROW October, 19, 11:10:00

RUSSIAN YAMAL LNG

OIL DEMAND WILL GROW October, 19, 11:05:00

EXXON'S LNG FOR CHINA

All Publications »

Chronicle:

OIL DEMAND WILL GROW
2018, October, 19, 11:00:00

NORWAY'S GAS FOR BRITAIN

PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.

OIL DEMAND WILL GROW
2018, October, 19, 10:55:00

UZBEKISTAN'S NUCLEAR: $11 BLN

AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.

OIL DEMAND WILL GROW
2018, October, 19, 10:50:00

IRANIAN GAS: 1 BLN CMD

SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.

OIL DEMAND WILL GROW
2018, October, 19, 10:45:00

CHINA - BELGIUM NUCLEAR

WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.

All Publications »