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2017-08-14 14:20:00

SAUDI'S DEFICIT DOWN

SAUDI'S DEFICIT DOWN

REUTERS - Saudi Arabia's state budget deficit shrank by a fifth from a year earlier in the second quarter of this year as revenues rose moderately and spending fell marginally, finance ministry figures showed on Sunday.

Revenues increased 6 percent from a year ago to 163.9 billion riyals ($43.7 billion); oil revenues jumped 28 percent to 101.0 billion riyals because of higher international oil prices.

Spending dropped 1.3 percent to 210.4 billion riyals in the second quarter, leaving a deficit of 46.5 billion riyals compared to about 58.4 billion riyals a year earlier.

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Earlier:

SAUDI'S GDP GROWTH: ZERO 

... se to zero as oil GDP declines in line with Saudi Arabia’s commitments under the OPEC+ agreement. Non-oil growth is projected to pick up to 1.7 percent in 2017, but overall real GDP growth is expected to be close to zero as oil GDP declines in line w ...
2017-07-24 Read more »
 SAUDIS WILL CUT
SAUDIS WILL CUT SAUDIS WILL CUT Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC production commitme ...
2017-07-12 Read more »
 SAUDIS OIL RESOURCES UP
... IS OIL RESOURCES UP SAUDIS OIL RESOURCES UP Saudi Arabia effectively grew its recoverable oil resources by 73 billion barrels this year after lower tax rates for state producer Saudi Aramco boosted the countrys estimated prospective resources. Saudi ...
2017-06-21 Read more »
 SAUDIS ASSETS DOWN  
... NO ONE ENVIES THE SAUDIS No one envies the Saudi Arabians now. Yes, the Brent price has rebounded from its of 2015-16 lows to stabilise over $50. At the Opec meeting in Vienna this week the delegates agreed to extend production curbs for another nin ...
2017-05-26 Read more »
 SAUDIS & U.S. DEALS: $50 BLN  
2017-05-23 Read more »
 IMF WANT SAUDIS  
2017-05-19 Read more »
 SAUDI'S OIL POLICY
SAUDIS OIL POLICY SAUDIS OIL POLICY 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 ...
2017-05-10 Read more »
 

 

 
Tags: SAUDI, OIL, PRICE, FINANCE
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SAUDI'S DEFICIT DOWN October, 15, 12:20:00

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SAUDI'S DEFICIT DOWN October, 15, 12:15:00

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SAUDI'S DEFICIT DOWN October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

All Publications »

Chronicle:

SAUDI'S DEFICIT DOWN
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

SAUDI'S DEFICIT DOWN
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

SAUDI'S DEFICIT DOWN
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

SAUDI'S DEFICIT DOWN
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

All Publications »