Month: July 2017

CEO scared as Saudi Aramco Plans $300 billion investment in Oilfields

CEO scared as Saudi Aramco Plans $300 billion investment in Oilfields Saudi Aramco plans what could be the world’s biggest initial public offering, will invest more than $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas, President and Chief Executive Officer Amin Nasser said. The outlook for […]

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Blame Nigeria, Libya and Frackers for Low Oil price $47

Blame Nigeria, Libya and Frackers for Low Oil price $47 Goldman Sachs says to blame Nigeri, Libya and Frackers for Crude oil price that is stock at $47, they have also  has slashed its three-month price forecast for crude oil $47.50 a barrel from $55 following seeing output gains in Libya and Nigeria representing a

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