1st February, 2015, 20:38
Saudi Arabia, others in OPEC willing, able to replace Libyan oil
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Thu February 24, 2011 2:54 pm
SAUDI ARABIA. Saudi Arabia and other OPEC nations including those in West Africa are willing and able to replace any lost Libyan oil, including crude of the same quality, a Saudi Arabian oil official told Bloomberg by telephone today.
Brent North Sea crude, which is more sensitive to Middle East unrest because of Europe's greater dependence on oil from the region, climbed US$1.41 cents to US$112.66 per barrel, its highest since August 2008.
New York's main contract, light sweet crude, gained 93 cents to reach US$98.93 after breaching the US$100 mark late Wednesday.
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date:Posted: February 1, 2015
UAE. Latest report highlights need for companies to seize merger and acquisition opportunities created by lower oil prices.
date:Posted: February 1, 2015
INTERNATIONAL. January proved to be another difficult month for commodities as the trend of falling prices amid rising supply resulted in a 7th consecutive monthly fall for the Bloomberg Commodity index.
date:Posted: January 31, 2015
QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
UAE. Latest report highlights need for companies to seize merger and acquisition opportunities created by lower oil prices.
