Oil prices ‘determined by economy’

Said Arabia’s oil minister Ali al-Naimi has said that economic growth will determine the direction of oil prices over the next few months, not stockpile levels, Bloomberg has reported. ‘Oil today is a commodity. As long as economic growth is there, the price is going to go up,’ he has said. Related Posts:EUR/USD. November 7th. […]

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Oil prices ‘determined by economy’

Said Arabia’s oil minister Ali al-Naimi has said that economic growth will determine the direction of oil prices over the next few months, not stockpile levels, Bloomberg has reported. ‘Oil today is a commodity. As long as economic growth is there, the price is going to go up,’ he has said. Related Posts:EUR/USD. November 7th. […]

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Oil prices ‘determined by economy’

Said Arabia’s oil minister Ali al-Naimi has said that economic growth will determine the direction of oil prices over the next few months, not stockpile levels, Bloomberg has reported. ‘Oil today is a commodity. As long as economic growth is there, the price is going to go up,’ he has said. Related Posts:EUR/USD. November 7th. […]

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Oil prices ‘determined by economy’

Said Arabia’s oil minister Ali al-Naimi has said that economic growth will determine the direction of oil prices over the next few months, not stockpile levels, Bloomberg has reported. ‘Oil today is a commodity. As long as economic growth is there, the price is going to go up,’ he has said. Related Posts:EUR/USD. November 7th. […]

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Opec: Keep quotas

Opec’s production-monitoring committee has recommended maintaining existing output quotas and improving compliance, Bloomberg has reported. The 11 Opec members bound by quotas are currently complying with about 68% of their promised cutbacks, Kuwait’s oil minister Sheikh Ahmed al-Abdullah al-Sabah has said, adding that ‘75% would be fine.’ Related Posts:Weekly Forex Outlook: 24/11/2023 – All eyes […]

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Opec: Keep quotas

Opec’s production-monitoring committee has recommended maintaining existing output quotas and improving compliance, Bloomberg has reported. The 11 Opec members bound by quotas are currently complying with about 68% of their promised cutbacks, Kuwait’s oil minister Sheikh Ahmed al-Abdullah al-Sabah has said, adding that ‘75% would be fine.’ Related Posts:Weekly Forex Outlook: 24/11/2023 – All eyes […]

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Opec: Keep quotas

Opec’s production-monitoring committee has recommended maintaining existing output quotas and improving compliance, Bloomberg has reported. The 11 Opec members bound by quotas are currently complying with about 68% of their promised cutbacks, Kuwait’s oil minister Sheikh Ahmed al-Abdullah al-Sabah has said, adding that ‘75% would be fine.’ Related Posts:Weekly Forex Outlook: 24/11/2023 – All eyes […]

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Opec: Keep quotas

Opec’s production-monitoring committee has recommended maintaining existing output quotas and improving compliance, Bloomberg has reported. The 11 Opec members bound by quotas are currently complying with about 68% of their promised cutbacks, Kuwait’s oil minister Sheikh Ahmed al-Abdullah al-Sabah has said, adding that ‘75% would be fine.’ Related Posts:Weekly Forex Outlook: 24/11/2023 – All eyes […]

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Al Toukhi inks Ozdil JV

Saudi Arabia-based Al-Toukhi Company for Industry, Trading & Contracting, and Turkey-based Ozdil Energy, Contracting, Trade, and Industry, have signed an agreement to form a 50-50 joint venture to construct overhead transmission line projects in the Saudi Arabia, Arab News has reported. The new JV aims to implement contracts for Extra High Voltage (EHV) transmission line […]

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Al Toukhi inks Ozdil JV

Saudi Arabia-based Al-Toukhi Company for Industry, Trading & Contracting, and Turkey-based Ozdil Energy, Contracting, Trade, and Industry, have signed an agreement to form a 50-50 joint venture to construct overhead transmission line projects in the Saudi Arabia, Arab News has reported. The new JV aims to implement contracts for Extra High Voltage (EHV) transmission line […]

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Al Toukhi inks Ozdil JV

Saudi Arabia-based Al-Toukhi Company for Industry, Trading & Contracting, and Turkey-based Ozdil Energy, Contracting, Trade, and Industry, have signed an agreement to form a 50-50 joint venture to construct overhead transmission line projects in the Saudi Arabia, Arab News has reported. The new JV aims to implement contracts for Extra High Voltage (EHV) transmission line […]

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Al Toukhi inks Ozdil JV

Saudi Arabia-based Al-Toukhi Company for Industry, Trading & Contracting, and Turkey-based Ozdil Energy, Contracting, Trade, and Industry, have signed an agreement to form a 50-50 joint venture to construct overhead transmission line projects in the Saudi Arabia, Arab News has reported. The new JV aims to implement contracts for Extra High Voltage (EHV) transmission line […]

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Qatargas starts new LNG unit

QatarGas has started a 7.8 million-tonne-year LNG production unit, its third this year, Bloomberg has reported. Unit 5, which is a venture between state-owned Qatar Petroleum, Exxon Mobil and Total, would increase the country’s annual LNG output capacity to 54 million tonnes or about 75 billion cubic meters of natural gas, the company said.

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Qatargas starts new LNG unit

QatarGas has started a 7.8 million-tonne-year LNG production unit, its third this year, Bloomberg has reported. Unit 5, which is a venture between state-owned Qatar Petroleum, Exxon Mobil and Total, would increase the country’s annual LNG output capacity to 54 million tonnes or about 75 billion cubic meters of natural gas, the company said.

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Qatargas starts new LNG unit

QatarGas has started a 7.8 million-tonne-year LNG production unit, its third this year, Bloomberg has reported. Unit 5, which is a venture between state-owned Qatar Petroleum, Exxon Mobil and Total, would increase the country’s annual LNG output capacity to 54 million tonnes or about 75 billion cubic meters of natural gas, the company said.

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Qatargas starts new LNG unit

QatarGas has started a 7.8 million-tonne-year LNG production unit, its third this year, Bloomberg has reported. Unit 5, which is a venture between state-owned Qatar Petroleum, Exxon Mobil and Total, would increase the country’s annual LNG output capacity to 54 million tonnes or about 75 billion cubic meters of natural gas, the company said.

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Japanese firms to develop Iraqi field

A Japanese consortium comprising Nippon Oil and Inpex is negotiating with the Iraqi Ministry of Oil to develop the Nassiriya oilfield, Aswat al-Iraq news agency has reported. ‘Negotiations have reached an advanced stage. Technical issues will soon be solved,’ the ministry said. Related Posts:Technical Analysis – USDJPY bulls test Japanese authorities’… November 7, 2023 USDJPY edges higher […]

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Japanese firms to develop Iraqi field

A Japanese consortium comprising Nippon Oil and Inpex is negotiating with the Iraqi Ministry of Oil to develop the Nassiriya oilfield, Aswat al-Iraq news agency has reported. ‘Negotiations have reached an advanced stage. Technical issues will soon be solved,’ the ministry said. Related Posts:Technical Analysis – USDJPY bulls test Japanese authorities’… November 7, 2023 USDJPY edges higher […]

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Japanese firms to develop Iraqi field

A Japanese consortium comprising Nippon Oil and Inpex is negotiating with the Iraqi Ministry of Oil to develop the Nassiriya oilfield, Aswat al-Iraq news agency has reported. ‘Negotiations have reached an advanced stage. Technical issues will soon be solved,’ the ministry said. Related Posts:Technical Analysis – USDJPY bulls test Japanese authorities’… November 7, 2023 USDJPY edges higher […]

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Japanese firms to develop Iraqi field

A Japanese consortium comprising Nippon Oil and Inpex is negotiating with the Iraqi Ministry of Oil to develop the Nassiriya oilfield, Aswat al-Iraq news agency has reported. ‘Negotiations have reached an advanced stage. Technical issues will soon be solved,’ the ministry said. Related Posts:Technical Analysis – USDJPY bulls test Japanese authorities’… November 7, 2023 USDJPY edges higher […]

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UAE says nuclear contract award not imminent

A UAE government official has denied a report that the country is just days away from awarding the largest ever energy contract in the Middle East for the development of a nuclear power plant. The denial came in response to a Reuters report which said that the UAE was on the verge of naming a […]

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UAE says nuclear contract award not imminent

A UAE government official has denied a report that the country is just days away from awarding the largest ever energy contract in the Middle East for the development of a nuclear power plant. The denial came in response to a Reuters report which said that the UAE was on the verge of naming a […]

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UAE says nuclear contract award not imminent

A UAE government official has denied a report that the country is just days away from awarding the largest ever energy contract in the Middle East for the development of a nuclear power plant. The denial came in response to a Reuters report which said that the UAE was on the verge of naming a […]

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UAE says nuclear contract award not imminent

A UAE government official has denied a report that the country is just days away from awarding the largest ever energy contract in the Middle East for the development of a nuclear power plant. The denial came in response to a Reuters report which said that the UAE was on the verge of naming a […]

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‘Everyone likes’ current oil price, says Saudi Arabia

Saudi Oil Minister Ali al-Naimi said he believes the global crude oil market is in ‘good shape’ and ‘everybody likes’ the current price, Bloomberg has reported. ‘The price is good for everybody, consumers, and producers. Everything is in good shape,’ he said ahead of the OPEC meeting in Vienna. Related Posts:Technical Analysis of Intraday Price […]

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‘Everyone likes’ current oil price, says Saudi Arabia

Saudi Oil Minister Ali al-Naimi said he believes the global crude oil market is in ‘good shape’ and ‘everybody likes’ the current price, Bloomberg has reported. ‘The price is good for everybody, consumers, and producers. Everything is in good shape,’ he said ahead of the OPEC meeting in Vienna. Related Posts:Technical Analysis of Intraday Price […]

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‘Everyone likes’ current oil price, says Saudi Arabia

Saudi Oil Minister Ali al-Naimi said he believes the global crude oil market is in ‘good shape’ and ‘everybody likes’ the current price, Bloomberg has reported. ‘The price is good for everybody, consumers, and producers. Everything is in good shape,’ he said ahead of the OPEC meeting in Vienna. Related Posts:Technical Analysis of Intraday Price […]

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‘Everyone likes’ current oil price, says Saudi Arabia

Saudi Oil Minister Ali al-Naimi said he believes the global crude oil market is in ‘good shape’ and ‘everybody likes’ the current price, Bloomberg has reported. ‘The price is good for everybody, consumers, and producers. Everything is in good shape,’ he said ahead of the OPEC meeting in Vienna. Related Posts:Technical Analysis of Intraday Price […]

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OPEC not likely to cut oil output quotas, says Kuwait

Kuwait’s oil minister Sheikh Ahmed Al-Sabah said he expects no further reduction in oil output quotas at this week’s OPEC meeting in Vienna, Bloomberg has reported. OPEC needs only compliance with the quota and not more production cuts, he said. Oil prices will probably range from $60 to $75 a barrel for the rest of […]

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OPEC not likely to cut oil output quotas, says Kuwait

Kuwait’s oil minister Sheikh Ahmed Al-Sabah said he expects no further reduction in oil output quotas at this week’s OPEC meeting in Vienna, Bloomberg has reported. OPEC needs only compliance with the quota and not more production cuts, he said. Oil prices will probably range from $60 to $75 a barrel for the rest of […]

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