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2016-07-14 11:20:00

OPEC UP

OPEC UP

IEA said, oil production from the Middle East has climbed to a record while U.S. output slumps,  in a sign that OPEC's strategy of defending market share is succeeding.

Middle Eastern output exceeded 31 million barrels a day for a third month in June amid near-record supply from Saudi Arabia, while U.S. oil production slid 140,000 barrels a day to 12.45 million.  While the re-balancing of global oil markets is progressing, record-high inventories remain a threat to the recent stability of oil prices.

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Tags: OPEC, OIL, PRODUCTION
Chronicle:
OPEC UP
2019, September, 17, 12:45:00
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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2019, September, 17, 12:40:00
INDIA'S RENEWABLE INVESTMENT $2 BLN
the Indian government wants state-run companies to build massive clean energy parks at a cost of around $2 billion each.
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2019, September, 17, 12:35:00
ABU DHABI'S SOLAR PLANT 2GW
Emirates Water and Electricity Company (Ewec) has revealed that construction work on the 2,000MW solar plant in Al Dhafra region is under way, with the photovoltaic (PV) power project expected to be operational in the first quarter of 2022 taking Abu Dhabi’s solar capacity to 3,200MW.
OPEC UP
2019, September, 17, 12:30:00
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).
OPEC UP
2019, September, 16, 15:20:00
OIL PRICE: NEAR $66
Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel, WTI futures climbed as much as 15.5% to $63.34
OPEC UP
2019, September, 16, 15:00:00
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.
OPEC UP
2019, September, 16, 14:50:00
CHINA'S OIL THROUGHPUT UP 7%
Over the first eight months of 2019, total crude throughput at refineries across China was 5.9% higher year on year at 424.16 million mt, or 12.79 million b/d,
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