Friday , July 30 2021

Oil and gas markets take the stability of producer's economies mainly to growth and cohesion



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Currently, global oil and gas markets see some form of stability and a calm course that will contribute to global economic stability and will promote the growth indicators of each party. Despite the plans and strategies operated by the export oil countries in size and size to ensure the stability of oil and gas markets and to ensure their role in the positive role, which exceeds Importance and role of the countries that import, there is a striking trend to follow different designs that focus more on the interests of producers or Ability to meet the objectives of importers and thus to stop the volatility and volatility of energy markets , which also produces sudden variations in producer economies.
The report said that the tendency to place alternatives to oil by expanding and diversifying natural gas materials is necessary and important, but it does not constitute a comprehensive framework to reduce the volatility of oil markets due to the increasing demand for oil and that the A period of transferring to gas requires significant periods of time However, depending on the development of renewable energy capabilities over the last 10 years, and the significant developments in the coming period will also contribute to facilitating variations in oil markets and producer economies as they need time DD for some time to prove the stability of supplies, as well as the need for initial investments at the beginning, have a lot of economies that need more energy sources and less expensive it may not be available.
Recent discussions on the growing role of new energy technologies in the context of audit, audit, production, efficiency of use etc. have raised production capacity from all sources. This is important at the level of producer economies due to the challenges and barriers imposed by sudden price reductions on the resources of hydrocarbon resources Pushing it to change its economic policies significantly through the implementation of transformation and economic diversification plans depends on; mainly on the energy sector and improving the productivity of key sectors, which will ultimately contribute to supporting the stability of the worst Energy and maintaining price levels for producers will ensure continuous economic reform as high prices encourage greater production and investment everywhere.
The report concluded that the tendency towards raising investments in the main sectors, especially the petrochemical sector and the tendency towards implementing more economical reform plans on both sides, would contribute to manage and maintain market movements in a positive and supportive framework as well as find more effective formulas to reduce tensions That now adversely affect all growth and investment plans for the energy producers sectors.
Abu Dhabi National Oil Company (ADNOC) has signed a concession agreement with France and Total, where the latter will receive a 40% share in Al-Tiab's non-traditional Gas Basin in I want to explore, evaluate and develop unconventional gas resources. The ADNOC Group will retain 60% of this strategic concession, which is an important step towards producing 1 billion cubic feet a day from unconventional gas resources before 2030. The partnership between ADNOC and Total covers the different areas and business aspects of the sector, which includes the exploration, development and production of oil and gas from offshore and wild fields, as well as refining and shipping processors, and «ADNOC» has come to & Last March's franchise agreement concluded with «Total» that received 20% in the «Umm Chef and Nasr» franchise, and 5% in the «Low Zakum» Marine franchise.
Sinopec signed an annual contract covering the year 2019 for the purchase of crude oil by KPC. The amounts agreed in the contract have not been published, but Sinopec's two operators are familiar with the terms, saying that Kuwait will provide the same inappropriate size as in 2018. This came after PetroChina signed an inappropriate supply agreement for 2019 with Kuwait, with volumes unchanged this year.
On the other hand, Kuwait Oil achieved a completion rate of 17% of the Al-Zour Pipeline Project. The total length of the pipelines to the Zour refinery is approximately 450 km. It is expected that the project will be completed in October 2020. The Al-Zour pipeline project is one of the strategic projects serving Kuwait Oil, KIPEC and National Petroleum. The total cost of the project is estimated at KD 256 million, operated by the Italian Saipi company for up to 38 months.
Although the Board of Directors of the Central Tender for Public Tenders has decided to defer the decision at the request of the Kuwait Oil Company to purchase and support operations and maintain an early production facility in northern Kuwait by direct order. The sources explained that the first part of the company's application includes the purchase cost of early manufacturing with an estimated value of 16.442 million men, while the second part included maintenance and maintenance costs after purchase and supply the necessary materials for action and all activities for 563 days with an estimated value of 1.106 million men, In the final price of the contract. The agency refused to ask Kuwait Oil to reconsider its earlier decision to establish solar power plants to the south of the trunk road to usually generate heavy Persia oil.
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Gold is jumping as the dollar falls, and palladium reaches a high record
Gold prices rose as much as 1 percent as the dollar fell after Federal Reserve officials made careful comments on interest rate expectations, while palladium hit a high record, triggered by fears of shortage of supply.
Fake gold dropped to $ 1225.29, one of its highest levels since November 8, before cutting its earnings to 0.7 per cent at $ 1221.71 back in the session.
The yellow metal ended over the week up by 1 per cent, the best performance within five weeks. US gold contracts rose eight dollars, or 0.7 percent, to settle at $ 1223 each.
Among the other precious metals, palladium nodded 1.7 percent to $ 1176.20 one, ending the week with earnings of more than 5 percent. Earlier in the session, the metal was able to record a maximum of $ 1185.40, achieving the level of equality with gold for the first time in 16 years.
Money gave 0.9 per cent to $ 14.41 one, ending the week with earnings of more than 1 per cent.
Platinum rose 0.5 per cent to $ 844.90 one but ended the week a bit lower.
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Baker Hughes: The number of American oil rigs rises for a fifth week in 6 weeks
Energy companies and US oil rigs this week added for the fifth time in six weeks, with the highest number of figures at their highest level in more than three years and producing high-profile rocky oil basins on a high record.
In his weekly report and closely monitoring, Baker Hughes said that the number of active oil drilling folks in the United States had raised two designers during the week ending on November 16 to 888 people, the highest level since month March 2015.
After a small increase of five dollars in the third quarter, energy companies added 25 miners since the beginning of the fourth quarter.
The number of operating oil rigs in America, a preliminary indicator of future production, was higher than one year ago when it reached 738, as energy companies increased spending this year to boost production to take advantage of rising prices.
The Energy Information Ministry this week said it is expected that the US crude oil production of seven major rock oil stocks will rise from 113,000 pd to 7.9 million pd in December, mainly driven by an increase in the Bermarian basin in Texas and New Mexico .
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European shares are falling as concerns continue over British dependence
European stock markets came to an end after a volatile session as traders were waiting to see if the First Minister, Teresa May, would face a vote of no confidence regarding the draft agreement of the European Union.
The European index of Stoxx 600 morning trading began a little recovering from Thursday's losses. But he gradually lost momentum as his guess was placed over the challenge of Britain's prime minister.
The European Union and Italy budget conflict did not provide any support for risk appetite.
The Stoxx index closed 600 per cent lower, and UK's Financial Times fell 100 percent. The French media company helped Vivendi quarterly results to raise the media sector index of 0.55 per cent.
Vivendi came to the top of CAC 40 France, up to 3 percent after the company reported on a third quarter sale higher than expected.
Below below market technology, dropping 0.7 percent after worse results than expected by NVIDIA, a US chip maker, is the latest in a series of negative news for technology producers.
Shareholders in the Netherlands bank ABN Amro fell by 2 percent after publishing its results. The ABB shares rose by 1.5 percent after the sources, the Swiss industrial group said in discussions with three Asian investors who made a bid on the sale of an Affiliate electricity network activity.
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The euro rises as the crisis settles in Britain over the reigning markets
The increasing uncertainty about the departure of the EU of the UK has overstated foreign exchange markets, with the euro trading against the dollar in a tight range and the name that benefits from & The demand for money considered safe.
Sterling offset some of her losses, while Teresa Mae, the First Minister of Britain, has coped with her proposals. On Thursday, Sterling suffered his worst everyday performance since 2016 after resigning a number of British ministers opposing the EU's departure from the European Union.
The euro was trading constantly against the dollar at $ 1.1336, while the dollar index, which measured the performance of the green against a basket of money, did not record a change at 96.954, close to the a maximum of six months of 97.69 recorded earlier in the week.
The yen, the safe cash, increased to 113.22 dollars per dollar, up 0.3 percent during the session, as the British split stimulated investors to turn to Japanese currency.
The six-week yoke is low at 114.20 yen on Monday before reversing its course.
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Oil rises among OPEC supply cuts expectations
Oil prices rose on the expectations of a cut in supply from the Institute of Petroleum Exporting Countries (OPEC), although they have a record increase in the production in the United States.
Brent's raw future was $ 67.49 bargaining by 0747 GMT, up 87 cents, or 1.3 percent, from the previous settlement.
The US WTI raw future has risen 50 cents, or 0.9 percent, to $ 56.96 a barrel.
Prices have been mainly supported by the expectation that OPEC will soon break production to fear that the trend of waste is falling again, as it happened in 2014 under pressure and supply.
Saudi Arabia, which is leading the de facto organization, wants OPEC to cut supplies by around 1.4 million pd, which equates to around 1.5 percent of global supplies, said this week's Reuters sources .
Saudi Arabia would be willing to share Russia, as it happened when the supply was interrupted from January 2017, although Russia is not yet committed to renewing any joint actions.
Although OPEC is considering supply supplies, US raw production has hit a new record last week at 11.7 million pd, according to data released by the US Energy Ministry of Justice on Thursday.
The US production has risen by around 25 percent since the beginning of this year. The production of the US record means that US raw stock lists have recorded their largest weekly increase in almost two years.
The raw stock lists rose 10.3 million barrels in the week ending between November 9 and 442.1 million barrel, the highest level since the beginning of December 2017.
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Draghi: The ECB can change the rate of interest rates if inflation is slowing down
ECB's President Mario Draghi said the bank could change its plans to start raising interest rates by the end of next year if lending costs are overweight or slow down inflation.
After the injection of 2.6 trillion ($ 2.95 trillion) of the eurozone financial system since 2015 in a bid to regenerate inflation, the European Central Bank expects to give the best to increase its bond holdings in December and raise interest rates next summer next year for the first time in eight years.
Draghi was stuck to these plans in a speech to a group of bankers, but warned that the interest rate route could change, suggesting effects from the United States as the Federal Reserve regularly increased interest rates, or effects & From Italy, whose government has interfered with investors. Bonds with plans to increase spending, as possible reasons.
The eurozone economy has slowed down in recent months in China's weak demand, raising interest rates on dollar lenders around the world and the troubleshooting market of bonds in Italy.
Draghi said he did not see a "reason" to expect the eurozone economy to give the best expansion to push the growth of prices. But he warned about growing confusion about expectations.
"If uncertainty about the growth and inflation prospects is increasing in companies, pressure on margins can last longer," he said.
"This will affect the speed of rising core inflation and therefore the inflationary path we expect to see in the next quarters … The uncertainty about the medium-term prospects has increased," he said. .
Draghi said that the ECB still sees risks to the benefits of broadly balanced growth. But he warned he would re-evaluate the situation in December, when new expectations for growth and inflation are available.
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German Finance Minister: We need a strong banking sector to strengthen our economy
German Finance Minister, Olaf Schulz, said Germany needed a strong banking sector to boost its economy, adding that Europe is in a position to overcome any potential financial crisis better than the decade ago but there is a lot to & # 39; w still done.
Speaking at a banking conference in Frankfurt, Schulz said that Germany was close to developing a common budget solution for the eurozone and expected that answer would be acceptable to other countries.
Scholes also said that Germany should be ready for the possible UK departure of the EU without agreement but it would do everything possible.
"We must be ready for this option … but we will do everything in our power to avoid," said Schulz.

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