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2016-02-02 19:25:00

U.S. OIL & GAS SHOCK

U.S. OIL & GAS SHOCK

The U.S. economy eked out anaemic growth in the final three months of 2015, and the struggling performance of the oil and gas sector was a major contributor to the slowdown.

Real gross domestic product rose at an annualised rate of 0.7 percent in the fourth quarter, down from 2.0 percent in the third and 3.9 percent in the second, the Bureau of Economic Analysis (BEA) reported on Friday.

The economy was buffeted by a broad-based slowdown in consumer, business and government spending growth,…

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Tags: USA, OIL, GAS, PRICES
Chronicle:
U.S. OIL GAS SHOCK
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UAE, INDONESIA COOPERATION: $10 BLN
Al Mazrouei cited the recent visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Indonesia, during which a number of business and investment cooperation agreements in areas of energy and infrastructure worth $10 billion were signed .
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INDIA'S RENEWABLE INVESTMENT $2 BLN
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2019, September, 17, 12:35:00
ABU DHABI'S SOLAR PLANT 2GW
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IAEA, ASEAN COOPERATION
The use of nuclear science and technology for peaceful purposes is to become more widespread in Southeast Asia following the signing of Practical Arrangements between the International Atomic Energy Agency (IAEA) and the Association of Southeast Asian Nations (ASEAN).
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OIL PRICE: NEAR $66
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SAUDI ARABIA'S OIL RISKS
Dollar-denominated bonds issued by Saudi Arabia’s government and state oil company Saudi Aramco tumbled to multi-week lows on Monday after a weekend attack on Saudi Arabia’s oil facilities shut about 5% of global output.
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