Oil prices affect Saudi Arabia


Improved oil prices to find out below, a & # 39; move up on Monday but spread early in the Tuesday trade.

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– Natural gas work in the Gulf of Mexico has been declining for two decades. But it is expected that 10 new projects will begin in 2018, according to the EIA, and 8 in 2019.

– These 18 projects have a combined asset estimate of 836 billion cubic feet.

– Together, they can revive the Fat produce of the Meagsago Bed.


Cheniere Energy (NYSE: LNG) It has just given enough LNG at a port of Corpus Christi to complete it; First charging, according to S & P Global Platts.

Kosmos Energy (NYSE: KOS) Nearly 3 percent fell after-Monday on the occasion of identifying a sale of 15 million common shares in a secondary public offer.

• Total SA (NYSE: TOT) finishing his 253,000-bpd Gonfreville restaurant in Normandy due to a strike.

Tuesday 27 November, 2018

Saudi Arabia will be pushed for "quiet cutting". A few weeks ago, facts of the incredible product cutting have moved to the future OPEC + meeting, perhaps as much as 1.4 million barrels per day. However, it seems that it is not like now, as President Trump has been simultaneously protecting Saudi Saudi from an international attack over Khashog's murder, at the same time as has stressed them to keep low oil prices. Russia does not like a big cut. That will leave Saudi Arabia to; looking for a "quiet cut" that would mean to & # 39; Return to previous agreed terms of terms – about 10 mb / d, down from the current 11 mb / d.

Trump wants low oil prices, but it is likely to have a SA degree. The important White House initiative could prevent OPEC + from reducing the output of the product; Success by keeping low prices low, but prices have a & # 39; to a degree that could damage US shadow companies. "We are at the level where we reach close circulation opportunities for the Permian producers and depending on how long this is going to last, we will see the impact of capex budgets over the next few months, "Muhammed Ghulam, chief research company at Raymond James, told CNBC. Related: Can Oil Prices Go to $ 40?

Saudi Aramco looks back $ 500 billion. Saudi CEO Saudi Aramco told Bloomberg that his company will have a & # 39; It costs $ 500 billion over the next ten years to become a prime weaver and petrochemical manufacturer, not just an oil producer. "Saudi Aramco provides the best use of these investments with global investments in a chemical place of around $ 100 billion over the next 10 years – as well as acquisition," said CEO Aramco Amin Nasser. In total, Nasser explained $ 500 billion in spending plans. Long-term oil demand looks at & # 39; is increasingly fragile, but the petrochemical sector where most of the demands are growing, according to the IEA.

The Russian Federation of Saudi oil will be tested. Saudi Arabia is very clear for the production cut at the OPEC + meeting next week, but Russia is much more difficult. Russian oil industries are opposed to productivity, and the Russian economy does not benefit significantly from prices higher than the Saudi economy; do. However, President Vladimir Putin has strategic reasons to maintain the partnership with Saudi Arabia. But after the upcoming production in June ago, Moscow and Riyadh are not just on the same page now.

Venezuela is coming to & # 39; deal with Crystallex. The Canadian mining company, Crystallex, has been trying to repay PDVSA Venezuela for sale of Citgo as compensation for a gold mining project that was restored back in 2011. However, Venezuela and Crystallex is just a contract that allows PDVSA to hold Citgo. Under the terms, Venezuela paid $ 425 million to Crystallex, and will pay the remaining balance in installments by 2021.

Venezuela is rejecting a BP offer. BP (NYSE: MP) According to a proposal to buy Total SAs (NYSE: TOT) An interest in a natural gas project that has been living in Venezuelan waters. The project is located on the maritime boundaries of Venezuela and Trinidad and Tobago. The MPs have the rights on Trinidadian side and they wanted to buy Total purchases on Venezuelan side, and could use the gas to expand jobs in Trinidad. Caracas banned the offer, according to Reuters.

Goldman Sachs: oil shortage in the 2020sPost-of-the-art oil market may now be encouraged, but Goldman Sachs says that there is a shortage of coming in the 2020s. "In the 2020s, we will get a clear corporate shortage of oil because there is no real estate in the future of oil oil," said Michele Della Vigna, Head of the EMEA Natural Resources Research at Goldman Sachs on CNBC Friday.

Nigeria lost $ 6 billion to Shell and EniNext Post A new report can be found to have been published; Nigeria left nearly $ 6 billion in revenue estimated due to the 2011 oil oil independent structure made by Royal Dutch Shell (NYSE: RDS.A) and Eni (NYSE: E)The West The contract is now the focus of a combat lawsuit in Milan, where Eni activists are in the city.

France and Germany will moving to keep business with Iran aliveThe former EU has been praised to be & # 39; The establishment of a special vehicle (SPV) to allow European companies to continue to; going with an industry with Iran, working around US sanctions. France and Germany have agreed to & # 39; entertaining the funding arrangement together, and are taking aggressive motions to try to keep Iran's nuclear agreement even alive even though the US is still in existence; emphasizing European leaders without moving forward.

U.S. Media Iraq broke out of IranThe U.S. The US is trying to put pressure on Iraq to relocating from the island's energy, according to Wall Street Journal. Iraq is suspended by Iran for natural gas, which is used to generate electricity. The US delivered a 45-day Iraqi accident on gas exchanges, but Iraq says it needs more time. Iraq warns him that the US could impede the country if it is too difficult.

Related: Goldman: Oil Prices returned in 2019

China will be introduced from Russia in relation to Iran's sanctions. China was cutting oil installations from Iran that were leading the US sanctions, and instead it is follow more than Russia. Hit any Russian oil into a high level in October.

Chevron announces its first wave of the Gulf of Mexico project. Chevron (NYSE: CVX) The first wave is named after the Big Foot project in Camas Mexico last week. The project is located 225 miles south of New Orleans and has been experiencing a 35-year lifetime.

Fatty allegiance in France. France has seen the second week of campaigns over tax scheduled journeys; a diesel praise. Diesel prices have climbed around 20 per cent this year in France, although this is largely due to an increase in raw oil prices (lately). It is expected that the tax will be consistent with gasoline and diesel prices – diesel has not been proven long ago compared to gasoline in France.

Trump holds a hard line on ChinaNext, Trump is going to meet with Xi Jingping this week, but Monday he put forward his / move ahead with tariff hike in January. The 10% target of $ 200 billion of Chinese venues is set to jump to 25 percent at the beginning of 2019. Trump said he was "very unlikely" that he would keep up that increase. He also said that he was ready to move with tariffs as well as other $ 267 billion in China unless the two headteachers agree to this week.

Le Tom Kool for Oilprice.com

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