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2016-10-20 18:30:00

THE NEW TIMES OF UAE

THE NEW TIMES OF UAE

OGFJ wrote, as one of the world's top 10 oil and gas producers, the UAE enjoys one tenth of global reserves, but the new reality of USD 50 a barrel has not left the Gulf petro-state entirely unscathed. With a Federal Cabinet reshuffle and the appointment of a new CEO for the Abu Dhabi National Oil Company (ADNOC), who unveiled a plan outlining transformative reform, it is clear that the UAE is seizing the opportunity of the oil price crash to thoroughly revamp itself.

In February 2015, in response to the prospect of oil running out in the UAE…

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Tags: OIL, GAS, PRICES, UAE

Chronicle:

THE NEW TIMES OF UAE
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

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.

THE NEW TIMES OF UAE
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

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.

THE NEW TIMES OF UAE
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

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).

THE NEW TIMES OF UAE
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

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.

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