Oil and Gas Pricing Is Looking Positive for 2017/18

Oil and Gas Prices fell down to their worst in 10 years in 2016 which has led to speculation from banks, governments and petroleum companies alike as to when they will recover. It has been rather well documented across the internet about the reasoning for the fact that oil and gas prices had sunk to such significantly dire values throughout 2015 – and despite some recovery, the average price of a barrel of crude oil is still on the low side at around $40 USD per barrel – less than half of the 2014 peak.

As a result, Saudi Arabia’s GDP shrank by 1.8% in the second quarter of 2017 – with industries such as construction shrinking by 1.6% in a single quarter. The Saudi economy in itself is weakening by a significant margin, so the country is endeavouring to both overhaul the economy and increase capital spending in the Kingdom – by grappling with low oil prices and making it easier for businesses within to cope with economic reform.

Russia faces similar problems, and both Saudi Arabia and Russia have vowed to renew OPEC’s oil pact well into 2018, extending their oil production cuts in order to keep crude oil and gas prices the same. The changing economic landscape has meant that disaster beckons for both Saudi and Russia should they breach the OPEC agreement – and both countries have announced that deviating from OPEC’s production guidelines is not an option.

President Vladimir Putin has mentioned that Russia is open to extending OPEC cooperation until the end of 2018, and Saudi Arabia’s recent decision to plan share sales of state owned energy company Saudi Aramco indicates that they too will seek to not oversaturate the market with mass produced oil.

Oil and Gas Prices, which these statements, have started to climb again, with Brent Curves depicting that rising demand, as well as recent political tensions in the Middle East make oil and gas prices in particular set to only go up – which is excellent news for oil and gas production companies the world over.

Comments

Understanding Construction Insurance

Construction insurance North Wales , is made up of many different types of insurance depending on the level of cover needed for your business, however, there are three essential types of cover that you will need which includes, public liability, product liability and professional indemnity insurance. It is important to know the purpose of each type of insurance if you are a contractor so that you know that you have the correct insurance in place for your business. The last thing that you would want to do is fall short and be liable to claims that can set you back more than just money alone, when it could have been avoidable. Below is an outline of each type of construction insurance along with scenarios. Public liability insurance Public liability insurance covers you in the event that a member of the public is injured or damage is caused to them or the premises in which you are working. This may include the following: Injury. You are covered if someone makes a claim a

How to Have a Healthy Divorce

In today’s society, getting married and having children is an entirely common thing to do. However, what happens when things don’t work out? If you are one of the thousands of couples that get divorced each year, the future can seem very scary and uncertain. Luckily, you don’t have to face it alone. You can get professional help from north wales family solicitors. Find out more helpful tips on how to have a healthy divorce in this article: Focus on the kids Though divorce can be hard on adults, it’s even harder on kids. You may want to ask yourself: If there’s any possible way for my children not to suffer, would I consider it? If so, then you should think about keeping as many details of your divorce private as possible—even from your own family. The more people who know about your situation, especially if they are friends or acquaintances of your ex-spouse, the more likely it is that information will get back to him or her. And if one person finds out something negative about you or

Why Your Business Needs Transcription Services

Transcription is converting audio from a file into clear documented text. So, if you have an audio recording or a video which you need to work from or analyse, it can be beneficial to use a transcription service so you can revisit the conversation easily. Why do businesses use transcriptions? There is such a range of reasons why businesses decide to get their files transcribed. For example, if an office of a worldwide company needs to re-create a video to suit the country they are in, they may need to translate the original video. To make this run smoothly, they could first get the video transcribed. The translater will then have a clear typed scrip to work from. Overall, the job would get done quicker and more efficiently as opposed to the translate stopping and starting the video, trying to figure out what each member of the conversation is saying. Audio and video transcription are often used in court cases too. The interview transcription can then be used to remind the jury of the

UK Business Services

Search This Blog