Furthermore, the current price trend and long-term tendency for oil prices has gone down due to increased global production, great competences in novel technologies, and tactic conservation. With these factors, the KSA was motivated to create a solid sustainable economic development in the upcoming...
Tight oil companies have made the case that through increased efficiency and lower service costs that their economics are better at lower oil prices today than they were at $90 per barrel prices a few years ago. First quarter (Q1) financial results do not support this claim.In fact, tight ...
According to the report, spot prices of natural gas have regularly exceeded USD250 per barrel of oil, and this, coupled with high coal prices, has accounted for 90% of the upward pressure on electricity costs around the world. With electrification being pursued globally, any upward pressure o...
In 2015, its average use of crude oil in power generation peaked at 0.9 mb/d (i.e. 26% of the 3.4 mb/d of the oil used for power generation that year) (Al Ghamdi 2020). Like other Gulf countries, Saudi Arabia consumes a significant amount of oil (40.4 barrel per capita per ...
It says brent crude oil prices continued its upward trajectory and ended the month at US$91.21 per barrel, 17.3 percent higher than the previous month amid continuing demand supply mismatches. The RBF says as Ukraine-Russia tensions have escalated, prices surged above US$100 per barrel ...
Today, I’m going to outline another one of these pockets of strength in this changing market. It’s one that will endure and even flourish in these changing conditions. And it comes from the much-maligned oil sector. A Near Perfect Storm for Oil Prices ...
This has already started hitting energy and base metals prices as Brent crude tumbled to $47.6/barrel and the copper price fell below $3,500/ton-from summer peaks of $147/ barrel and $8,443/t. Commodity exports represent a large chunk of SSA's GDP and a price slump across the board ...
and its subsidiaries. Unless otherwise indicated, all references to “U.S. $” and “$” in this report are to, and amounts are represented in, United States dollars. The information and our unaudited condensed consolidated financial statements in this Form 6-K should be read in conjunction ...