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Regions

Regions
2017, June, 7, 18:05:00

GLOBAL OIL OVERSUPPLY

The US Energy Information Administration lowered its crude-oil price forecast and raised its US production outlook for 2018. The lower price forecast reflects the possibility of a return to modest oversupply in global oil markets in 2018.

Regions
2017, May, 22, 16:45:00

RUSSIAN STRUCTURAL REFORMS

IMF - advancing decisively on the structural reform agenda to improve growth potential and rebalance growth towards non-commodity sectors.

Regions
2017, April, 17, 17:30:00

SAUDI'S RENEWABLE INVESTMENT: $50 BLN

Saudi Arabia plans to develop almost 10 gigawatts of renewables by 2023, requiring investment of up to $50 billion

Regions
2017, April, 12, 17:30:00

WBG - AFRICA'S ECOMOMIC DIFFICULTIES

Nigeria, South Africa, and Angola, the continent’s largest economies, are seeing a rebound from the sharp slowdown in 2016, but the recovery has been slow due to insufficient adjustment to low commodity prices and policy uncertainty. Furthermore, several oil exporters in the Central African Economic and Monetary Community (CEMAC) are facing economic difficulties.

Regions
2017, April, 10, 18:35:00

U.S. DRILLING UP 35%

API announced today that estimated total wells drilled and completed in the first quarter of 2017 saw an increase of 35 percent compared to the first quarter of 2016. This is a drastic improvement from 2016 levels which saw a 59 percent decrease in total wells drilled and completed from the previous year.

Regions
2017, April, 6, 19:00:00

CHINA'S OIL DEMAND UP 5.3%

China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance season that started in March.

Regions
2017, April, 5, 18:45:00

OPEC: HISTORIC DECISIONS

The Secretary General reiterated the commendable key role of Iraq, in particular HE Jabbar Al-Luiebi, that was instrumental within OPEC to achieve market stability for both producers and consumers and said Iraq has resumed its leading role in the Organization.

Regions
2017, April, 5, 18:35:00

IMF: UKRAINE'S CORRUPTION

Directors welcomed the creation of new anticorruption institutions, but strongly urged the authorities to strengthen these institutions further and to establish an independent anticorruption court to achieve concrete results, in order to support the reform program, attract investment, and achieve faster growth.

Regions
2017, March, 31, 18:40:00

IRAN, RUSSIA STRATEGIC PARTNERSHIP

The Joint statement made by President Hassan Rouhan and Russian leader Vladimir Putin after their meeting in the Kremlin on Tuesday underscores the two countries' strategic partnership.

Regions
2017, March, 27, 19:00:00

OPEC AND NON-OPEC COOPERATION

"This reaffirms the commitment of OPEC and participating non-OPEC countries to continue to cooperate," the statement said.

Regions
2017, March, 24, 19:20:00

U.S. OIL DEMAND UP TO 19.3 MBD

Total petroleum deliveries moved up by 1.2 percent from the prior year to nearly 19.3 million barrels per day in January 2017. These were the highest January deliveries in nine years, since 2008.

Regions
2017, March, 24, 19:15:00

EU GAS DEMAND UP

Total petroleum deliveries moved up by 1.2 percent from the prior year to nearly 19.3 million barrels per day in January 2017. These were the highest January deliveries in nine years, since 2008.

Regions
2017, March, 24, 19:10:00

SAUDI'S OIL BALANCE

Saudi Arabia faces a difficult balancing act as it tries to work down excess global crude stocks while protecting relationships with important refining customers in the United States and Asia.

Regions
2017, March, 24, 19:05:00

WBG: SUSTAINABLE AFRICA

The scaled-up IDA financing will build on a portfolio of 448 ongoing projects in Africa totaling about $50 billion. Of this, a $1.6 billion financing package is being developed to tackle the impending threat of famine in parts of Sub-Saharan Africa and other regions.

Regions
2017, March, 24, 19:00:00

U.S. DRILLING UP

U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

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