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2018-12-21 14:35:00

SAUDIS NEED $84

SAUDIS NEED $84

PLATTS - Saudi Arabia will require oil prices higher than $84/b to avoid running another deficit, analysts warned after the kingdom announced on Tuesday record government spending in its state budget for 2019.

The budget calls for spending of 1.106 trillion riyals ($350 billion) for the year, up 7% from 2018, despite oil prices slumping in the fourth quarter and the kingdom pledging to cut output as part of OPEC's agreement to balance the market.

Analysts with Riyadh-based…

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Tags: SAUDI ARABIA, OIL, PRICE
Chronicle:
SAUDIS NEED $84
2019, July, 20, 12:50:00
U.S. GAS PRICES DOWN TO $2.37 MMBTU
the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per million British thermal units (MMBtu). If realized, this price would be the lowest summer average Henry Hub natural gas price since 1998.
SAUDIS NEED $84
2019, July, 20, 12:45:00
RUSSIA'S NUCLEAR COMPETITIVENESS
Russia's nuclear power sector "continues to benefit" from supportive government policy, in contrast to "tighter restrictions" in Western Europe owing to environmental concerns and growing competition from renewables, S&P Global Ratings says in a report published
SAUDIS NEED $84
2019, July, 20, 12:40:00
ADVANCED U.S. NUCLEAR
A bipartisan group of 15 senators introduced a bill in March to instate NELA, which would offer incentives and set federal goals for advanced nuclear energy.
SAUDIS NEED $84
2019, July, 20, 12:35:00
NORWAY'S PRODUCTION 1.4 MBD
Preliminary production figures for June 2019 show an average daily production of 1 409 000 barrels of oil, NGL and condensate, which is a decrease of 184 000 barrels per day compared to May.
SAUDIS NEED $84
2019, July, 20, 12:30:00
U.S. URANIUM IMPORTS
A bipartisan group of 15 senators introduced a bill in March to instate NELA, which would offer incentives and set federal goals for advanced nuclear energy.
SAUDIS NEED $84
2019, July, 20, 12:25:00
ARGENTINA'S GAS PRODUCTION UP
U.S. EIA - Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén Basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 billion cubic feet per day (Bcf/d) in December 2018.
SAUDIS NEED $84
2019, July, 20, 12:20:00
AUSTRALIA'S LNG EXPORT UP TO 11.4 BCFD
First half production of 37 mmboe was a record for Santos and 32% above the corresponding period.
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