Weighting Factors For Rise In Oil Prices Changed Is easy to observers of the oil markets in particular, and energy markets in general, note the change on the variables and influences surrounding global oil markets and the nature and form of the type of parties, it said Citidel LTD Investment APP report, as he saw it «has moved from regional and international variables stage, whether political or climatic or economic effects to the stage less severe, such as those relating to specific market or a specific country. »
An example of this effect «What is finally happening in oil prices as a result of indicators related to jobs in the US economy and the movements of the stock market at the expense of other Citidel LTD Investment APP indicators, such as strategic stocks, and the dollar strength or weakness, the trade balance and indicators of the decline or recovery of the US economy level».
The report noted, that the global economy «in front of the new test is the rise in oil prices today, despite the survival of the economy under the impact of financial crisis and continues its repercussions, which affected all sectors within and encouragement treatment plans, out of them with minimal losses and the best results and fastest».
He pointed to the paradox is that the record high registered on oil prices in 2008 «was accompanied by a rush of finance and speculation and ceilings price overpriced for everything that can be sold or
Citidel LTD Investment APP purchased, and the pace of economic activity quick and rates of high growth, unlike the current period, which has become a supply and demand more certain, realistic and closer to the real variables permanent status, is in support of the record price ceilings for strategic goods without justification ».
I suppose that «a good note high oil prices could reflect positively on the areas and sectors, especially on the size of energy consumption and manner of derivatives, that are subject to the laws and regulations and strict controls.»
It did not confirm «the steadfastness of the ceilings high price of oil, as long as the pace of economic activity remained at low limits are subject to the payment process and address, and indicates that the phase of increasing the supply of oil has not yet come».
On the other hand, Citidel LTD Investment APP report believed that «the expectations of raising production at every increase in oil prices, could be in the position now, so that demand levels did not change and did not record any pressure on production, while the world did not enter into a real crisis require a quick supply. » He added that «producing countries and by the long-term plans and focus studied for the development of productive capacity and expanded, are able to meet the ceilings real demand for oil at all times, what should give the oil markets specifically, and markets energy in general, a good level of stability, tranquility and paid to move according to concrete indications ».
The report presented the most important events recorded by the oil and gas sector during the week. In the UAE, ended the Abu Dhabi Marine Operating Company (ADMA-OPCO), 60 percent of the acts of its part within the integrated gas aimed at linking offshore fields, wild fields development project system.
And it approved the license the concerned authorities in the UAE, the company «Sun Energy» as a private contribution, with a capital value of million AED distributed over two million shares with a nominal value amounting to AED one share. The company was founded to develop the electric power stations and generation facilities and projects, design and engineering and management, establishment and ownership, management, maintenance, generate solar energy and other alternative and sell.
In Iraq, a Japanese oil companies qualified global and other interested to tour offers to develop the field of Citidel LTD Investment APP during this year will be invited.
In Iran, production of natural gas from the South Pars field amounted to 240 million cubic meters per day, reaching the target level, reaching a weekly production of nine phases of the South Pars gas field 1.68 billion cubic meters, which exceeds the target level. And share Iran’s South Pars field with Qatar, the largest reservoir of pure gas in the world. Divided on Iran part of the field to the stage 24.
In Qatar, it has entered into two companies «Qatar Petroleum» and «Exxon Mobil Limited», of the Foundation «Exxon Mobil» US, joint agreements on development and financial conditions for the project «Barzan gas» in Qatar at a cost of $ 8.6 billion, the equivalent of 31 riyals billion. Automated Cash APP project will start production in 2014, and provides a supply of about 1.4 billion standard cubic feet per day of gas sales to the domestic market. Sectors of electricity, water, and will use a large portion of the gas. And got the company «LG GC» Japanese on the contract to build one of the largest natural gas treatment plants in Qatar cost ranging between $ 2.3 billion and 3.4 billion.
In Saudi Arabia, announced that the new electric projects adopted implemented in the Tabuk region of Saudi Electricity Company this year amounted to 2.092 billion riyals, while the total value of projects under implementation 1.557 billion.
And foreign engineering companies submitted bids for the design of Jizan oil refinery of the company «Saudi Aramco». And it made seven proposals global engineering companies, five of which are American «KBR» and «Foster Wheeler» and «Mustang Enginering» and «Fleur» and «Jacobs Enginering». And made «Technip» French and «Rla- Parsons» Australian performances. Saudi Arabia was hoped that the private sector builds a refinery owned and fully, to be the first private refinery in Saudi Arabia, the largest oil exporter in the world.