Arab Today, arab today saudi oil capacity strained
Last Updated : GMT 17:46:26
Arab Today, arab today
Arab Today, arab today

Saudi oil capacity strained

Arab Today, arab today

Arab Today, arab today Saudi oil capacity strained

Washington - UPI

The ability of Saudi Arabia to keep major economies supplied with oil amid Iranian concerns will be put to the test, energy analysts said. Saudi Arabia last year increased crude oil production to offset market disruptions from the conflict in oil-rich Libya. The Financial Times said activity at some Saudi Arabian oil terminals suggests the country is ramping up production to address a market crisis sparked by tensions with Iran. \"Kuwait and the United Arab Emirates are already close to their maximum production level, so it will all be up to Saudi Arabia,\" Paul Tossetti, an analyst at PFC Energy, told the newspaper. The Financial Times notes energy traders are divided over the effects of an increase in Saudi oil production. Some said more Saudi crude would lower prices while others said it would cut into spare capacity. The International Energy Agency in January said Saudi Arabia was pumping more crude oil than it has in more than 30 years and domestic demand is expected to drag on spare capacity during the summer. Mike Wittner, head of oil research at Societe Generale, told the Financial Times it remains to be seen how well Riyadh can handle the latest crisis. \"Maybe they can do it, maybe they can\'t,\" he said. \"I guess we\'re going to find out.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi oil capacity strained Arab Today, arab today saudi oil capacity strained

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi oil capacity strained Arab Today, arab today saudi oil capacity strained

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday