About: http://data.cimple.eu/news-article/4776493f682323420333331de7d48d6fd68d088502cf01610d29da26     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The UAE national oil company said on Wednesday it was ready to boost its oil supplies by around one million barrels per day as a price war with Russia simmers. "In line with our production capacity growth strategy ... we are in a position to supply the market with over four million barrels per day in April," Abu Dhabi National Oil Co. said in a statement. "In addition, we will accelerate our planned five million bpd (output) capacity target," the state-owned firm said. The United Arab Emirates' move mirrors that of Gulf ally Saudi Arabia in flooding the markets with millions of barrels of oil to secure market share after a production cut agreement with non-OPEC producers led by Russia flopped on Friday. Saudi Arabia announced plans on Tuesday to raise its production to 12.3 million bpd, effectively increasing its supplies by 2.5 million bpd and escalating its price war with Russia. The UAE currently pumps around three million barrels per day but it has earmarked more than $132 billion in investments to raise its output capacity to 4.0 million bpd this year and to 5.0 million bpd in a decade's time. ADNOC said it would also follow Saudi Arabia by announcing new prices for March and April deliveries. "In response to market conditions, and to provide better forward visibility to our customers, ADNOC will shortly announce forward prices for the months of March and April 2020," it said. "This decision has been made to ensure that our customers have visibility of the price so they can plan accordingly." bur-oh/kir
schema:headline
  • UAE ready to raise oil supply by 1 mn barrels per day
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software