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2016-02-23 19:05:00

OIL BILLIONS LOSING

OIL BILLIONS LOSING

 

north sea oil gas map

 

Exploration for oil and gas in the North Sea has all but ground to a halt as low oil prices take their toll on companies, according to a report published on Tuesday by the industry trade body.

Oil and Gas UK predicts companies could drill as few as seven exploration wells this year — fewer than at any time since it started collecting the data in the late 1970s. That would compare…

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Tags: NORTH, SEA, OIL, PRICES

Chronicle:

OIL BILLIONS LOSING
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.

OIL BILLIONS LOSING
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.

OIL BILLIONS LOSING
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).

OIL BILLIONS LOSING
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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