U.S. OIL BENEFITS
FT wrote, the agreement by Opec, the oil producers' cartel, to cut output has been welcomed in the US industry as a godsend for hard-pressed production and service companies. But many groups are still expected to be cautious about stepping up production, as they seek to strengthen fragile balance sheets.
Shares in US oil companies soared on Wednesday as Opec ministers meeting in Vienna agreed a plan to cut output by 1.2m barrels per day.
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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.