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2018-06-29 10:50:00

OIL OUTPUT WILL UP

OIL OUTPUT WILL UP

PLATTS - The global oil market "is going to be stressed" when US sanctions against buyers of Iranian crude return in November, but the US government is confident increased production from Saudi Arabia and Russia can meet the supply gap, US Energy Secretary Rick Perry said Thursday.

Perry said he would not recommend that the US tap its Strategic Petroleum Reserve to respond to a price spike after the sanctions take effect.

"The Strategic Petroleum Reserve is in place for emergency…

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Tags: OIL, OUTPUT, PRODUCTION, USA, RUSSIA, SAUDI, ARABIA, IRAN

Chronicle:

OIL OUTPUT WILL UP
2019, April, 19, 09:15:00

S.KOREA RENEWABLE ENERGY

South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.

OIL OUTPUT WILL UP
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.

OIL OUTPUT WILL UP
2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January,

OIL OUTPUT WILL UP
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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