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2019-02-27 09:35:00

GLOBAL OIL FOR PEOPLE

GLOBAL OIL FOR PEOPLE

ARAB NEWS - The oil industry faces a "crisis of perception" among its stakeholders that puts at risk its ability to supply energy to billions of customers, according to Amin Nasser, the chief executive of Saudi Aramco.

In a hard-hitting speech at the International Petroleum Week gathering of energy professionals in London on Tuesday, Nasser responded to critics who say that the oil industry is on the decline, and that petrol-burning motor cars will soon be replaced by electric vehicles.

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Tags: OIL, ECOMOMY, ECOLOGY

Chronicle:

GLOBAL OIL FOR PEOPLE
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

GLOBAL OIL FOR PEOPLE
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

GLOBAL OIL FOR PEOPLE
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

GLOBAL OIL FOR PEOPLE
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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