In August, oil production in the UAE rose to 2.69 million barrels per day, while under the OPEC + agreement the quota is 2.59 million barrels. This was announced on Tuesday, September 1, Minister of Energy Suhail al-Mazrui.
Exceeding the quota of 100 thousand barrels per day was caused, according to the official, by increased energy consumption in the country.
“We have taken measures to compensate for this temporary increase, which is associated with peak summer loads on the energy supply system. This leads to increased production of oil and associated gas “, – stated in the message.
Al-Mazrui assured that in October, the state-owned company ADNOC will reduce exports of all types of oil by a third.
The net loss of the second largest American oil and gas company Chevron, which accounts for the parent company, in the first nine months of 2020 amounted to 4.878 billion dollars against a profit of 9.534 billion dollars a year earlier, the company said. The diluted loss per share was $ 2.63 against earnings of […]
The net loss of the American oil service company Halliburton Inc., attributable to the main company, in January-September amounted to 2.71 billion dollars against the profit of 522 million a year earlier, according to the company reports. Halliburton’s diluted loss per share in the reporting period was $ 3.08 against earnings of $ 0.6 a […]
American oil and gas giant ConocoPhillips is in talks to acquire rival company Concho Resources, Bloomberg agency reported, citing to the sources that familiar with the matter. “Companies may announce the operation in the next few weeks,” – say the interlocutors of the agency. However, there is no final decision yet, and negotiations may fail. […]
On July 15, OPEC + countries decided at a meeting to gradually increase oil production due to improved demand. “During a meeting of the ministerial monitoring committee, both co-chairs, Russian and Saudi energy ministers Alexander Novak and Prince Abdulaziz bin Salman, said that demand for oil was recovering and production could be increased, but the […]
Kyiv bank “Piraeus Bank ICB” asks the Commercial Court of Kirovograd region to recover from the “Creative”company, which entering into the “Creative Group”, $ 15,629,000 of the loan debt, – reports the “ProAgro”. This is stated in the bench ruling of the court from January 27, 2016. “Piraeus Bank ICB” filed a lawsuit to recover […]Next
Проект, що його розробляє уряд, визначає введення 10% збору на купівлю іноземної валюти імпортерами. Деталі ініціативи Кабміну повідомив нардеп Ярослав Железняк, який є заступником голови податкового комітету Верховної Ради. “Тут варто зазначити, що обрана концепція не передбачає додаткових імпортних мит (що є складним при адмініструванні), а визначає запровадження 10% збору на валютообмінні операції із купівлі всіх […]Next
Kodak’s shares fell by 42.87% to $ 8.50 per share at the opening of trading of US, after which paper trading was temporarily suspended. According to the New York Stock Exchange, the decline in shares slowed to 33%. Quotes fell after the announcement of the termination of the loan agreement for Kodak for $ 765 […]Next
Ukrainian startup Petcube, which successfully sells gadgets for pets, has attracted an investment in amount of $ 2.6 million from such investors as Almaz Capital and AVentures Capital, which previously invested in the start-up $ 1.1 million. Also, in the round participated legendary business incubator Y Combinator; Ukrainians got into the program of the Y […]Next
Saudi Arabian State Oil Company Saudi Arabian Oil Co. (Saudi Aramco) is negotiating the sale of up to 49% of its pipeline assets to a consortium of American, Chinese and local investors, writes The Wall Street Journal, citing informed sources. According to sources, the amount of the transaction could range from $ 10 billion to […]Next
For the first time, the National Bank fined a collection company for violating the requirements of ethical conduct in settling overdue debts. This was reported by the NBU. “The National Bank, as a body that regulates and supervises the activities of non-banking financial institutions, has revealed a violation of the requirements of the legislation on […]Next
Ryanair has made a multibillion-dollar order for a Boeing 737 Max, reports the Financial Times, citing the head of the carrier Michael O’Leary. This is the first agreement with the plane after the investigation of two plane crashes involving it, which in 2018 claimed more than 300 lives. Vertical Research Partners aerospace analyst Rob Stallard […]Next
Bayer AG is going to sell the part of its business in biotechnologies and productions of cotton spheres. It is concerned the Crop Science subsidiary Company. According to Liman Kondon, the company chairman, this industry sphere is money-making. There is no reason in finding buyers to Buyer. The decision was concluded by a pressure of […]Next
Citizens of Ukraine have begun to declare their income since the onset of the new year. Declaration procedure means that citizens declare their cash flows for the past 2016. Every taxpayer has the right to personally file a declaration at the place of tax addresses, or else to transfer its powers to another individual for […]Next
Lactalis dairy products manufacturer has signed an agreement with the Italian company Parmalat – one of the main competitors of the French group in Europe. According to official information, it is about the acquisition of more than 12.2% of the shares of Parmalat: the value of one security is 2.8 dollars per piece. It should […]Next
Ukrainian state bank claims Sberbank of Russia in violation of intellectual property rights. State Savings Bank of Ukraine has filed a lawsuit against Sberbank of Russia for copyright infringement.Oschadbank insists on the illegality renaming of Ukrainian “daughter” of the Sberbank of Russia in Sberbank and alleges a violation of their intellectual property rights. The suit […]Next
French actress and director Maylis de Poncins, author of the sensual short film “Je suis dons tu es” (“I am, therefore you are”), became one of the favorites in the qualifying round of the Only 140 seconds and a lot of meanings – the film won’t leave you indifferent! Maylis de Poncins is a young actress who has proven […]Next
American company SpaceX Elon Musk moved on September 1 launch rocket Falcon 9 from 12 th group of satellites Starlink due to bad weather. The press service of the company announced on Sunday, August 30, on Twitter. “Today ‘s launch of Starlink is canceled before the flight due to difficult weather conditions. The next launch […]Next
Until quite recently, the Petcube took the lead position in the Ukrainian niche of gadgets for pets. But a startup team of the Moggie project proved their importance. The company is developing a smart collar for cats and mobile application, which in pairs or individually will allow owners to monitor the health of their pets, […]Next
Company Naftohaz Ukraine has analyzed the alternatives to sale the foreign assets, but there is no a buyer for it. According to the director of the company Andrii Kobolev, the true reason for this is a low profitability of Ukrainian Naftohaz assets in Egypt. It is reported by UNIAN. Kobolev said that it is not […]Next
The victory of the candidate from the Republicans in the USA President elections stirred up not only the global political community but the US stock market too. According to Bloomberg analytical bureau, Hillary Clinton’s loss has hit the financial condition of 500 richest people in the world. In particular, analysts say that after the announcement of the race […]Next