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OIL: Saudi Aramco rapidly restores production capacity, expects stabilization of global supply

  • Date: 17-09-19
  • Category: OIL
  • Source: Saudi Aramco

Saudi Aramco President & CEO Amin Nasser said Tuesday that the Company’s production capacity, suspended earlier due to terror attacks on its plants at Abqaiq and Khurais, would be fully restored by the end of September.

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OIL: U.K. Oil Refineries Would Face Severe Pressure in No-Deal Brexit

  • Date: 19-08-19
  • Category: OIL
  • Source: Bloomberg

The UK's oil refineries would be a a severe competitive disadvantage if Britain exits the EU without a deal and tariffs were imposed on its gasoline exports, according to an industry group.

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OIL: Oil Needs to Fall Below $20 to Compete With Green Alternatives

  • Date: 05-08-19
  • Category: OIL
  • Source: Bloomberg

Wind and solar power can produce seven times more useful energy for cars, dollar for dollar, than gasoline with oil prices near current levels, according to BNP Paribas SA.

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