KHURAIS OILFIELD, Saudi Arabia – State oil giant Saudi Aramco is adamant the biggest new field in its plan to raise oil capacity will arrive bang on schedule in June next year. A chorus of se... Full Article at Malaysia Sun
It is a very welcome addition at a time when there are precious few supplies able to add this kind of increment to the market
We have a minimum of a 30-year plateau, that is always our plan
Even with a slight delay, it took 41 months from start to finish compared to the world average of 53 months, still Khursaniyah is doing very well
We are 100 percent confident that Khurais will come on stream as planned in June 2009
We've asked all the international oil companies that buy from us if they want more oil ... But we can't find customers.
By doing that alone, we will add 80 billion barrels of recoverable resources
Our actions have been louder than our words despite all the criticism and the cynics ... That makes it even more important to let you see what's happening here on the ground for yourself.
The problem the Saudis have is if they raise production by 500,000 to 1 million barrels a day eventually, they will have that much less spare capacity and it's really the lack of spare capacity that's supporting pricing.
What the market is worried about is that maybe the Fed will be constrained ... and maybe it won't cut rates, given the concerns about inflation ... Whereas earlier, the prospect was the Fed would do whatever was necessary, now there's all this talk about inflation and there's a fear that maybe the Fed w...
You've had a couple of the bearish broking commentators talking the industrials down even further and I don't think our domestic analysts have really downgraded anywhere near enough yet
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