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2017-05-10 18:02:00

SAUDI'S OIL POLICY

SAUDI'S OIL POLICY

FT -  Saudi Arabia will join other Opec oil producers on May 25 to decide whether to maintain production cuts or let them expire. Whatever decision they reach will not be enough, on its own, to rescue the oil price.

The last six months have shown that Saudi Arabia's conventional approach to market management is no longer working: crude has fallen back below $50 a barrel, US shale oil output is again on the rise and Saudi-led Opec, if anything, is worse off than when it agreed the supply deal back in November, having…

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Tags: SAUDI, ARABIA, OIL, PRICE

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2019, April, 19, 09:10:00

UAE GDP WILL UP 4.7%

The International Monetary Fund (IMF), has forecast the UAE’s nominal Gross Domestic Product (GDP) to grow 4.7 percent to AED1.673 trillion in 2019, compared to AED1.589 trillion a year ago.

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2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

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2019, April, 19, 09:00:00

U.S. RIGS DOWN 10 TO 1,012

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.

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