Op-ed: KSA revenue projections for 2017 look safe if #oil prices rise above $50 per barrel, writes frank kane .
https://goo.gl/3fMfqf

#SaudiArabia expects oil revenue to jump by 46% next year after a deal between the kingdom and other producers to curb output drove up global prices. The world’s top #oil exporter expects to collect 480bn riyals ($128bn) from oil sales in 2017, compared with 329bn this year, according to the Finance Ministry. Non-oil revenue will climb 6.5% next year to 212bn riyals. Oil prices have rallied since the #OPEC, of which Saudi Arabia is the largest member, reached a deal with other producers to curb output next year.

#Commodities #CommodityMarket #CommodityPrices #OilFutures #CommoditiesTrading #OilIndustry #OilandGas #OilProduction #OilPrices #OilTrading #OilMarket #OilGlut #CrudeOil
Saudi Arabia See Oil Revenue Rising 46% in 2017 as Prices Climb
https://www.bloomberg.com/news/articles/2016-12-22/saudi-arabia-sees-oil-revenue-rising-46-in-2017-as-prices-climb

#art #kunst #painting #artwork #oil #canvas

Anna Razumovskaya, the night flower, oil on canvas #art #artanddesign #Anna-Razumovskaya, #Beautiful-Images, #Oil, #Oil-On-Canvas, #Oil-Paint, #The-Night-Flower https://goo.gl/n0ZoNW

OIL SPILL MANAGEMENT: Richland Lab Finds Sawdust May Help in Arctic Oil Spills
Researchers from PNNL and Washington State University modify the wood to facilitate a burn that removes 90% of oil. See Vancouver Columbian https://lnkd.in/gSKAWJd

#environment   #oil   #petroleum    #oilspills   #ecology   #sustainability   #PNNL   #WSU   #GoCougs  

#art #kunst #painting #artwork #oil #canvas

DIY: Homemade Ginger Oil Benefits and Uses
#DIY #ginger #oil #health 

Crude Oil Inventories for The Week That Ended December 16, 2016

Weekly Change: +2,300,000 Barrels

MORE >> https://goo.gl/4RJueb <<

#Oil #crudeoil #economy #FedPrimeRate #Energy #USA

#art #kunst #painting #artwork #oil #canvas

#art #kunst #painting #artwork #oil #canvas

#Oil tanks will start emptying in mid-2017
https://goo.gl/HR2Q7R

Crude-oil futures settled firmly higher Thursday (Dec 22), bouncing back after slumping a day earlier on reports of a surprise buildup in U.S. inventories. Traders and analysts said a strong report on U.S. GDP and a larger-than-expected drawdown of natural-gas supplies helped to revive sentiment that domestic appetite for #crude products may be able to sop up supplies in tandem with an agreement by the #OPEC to curb global production. #WestTexasIntermediate crude for delivery in February picked up 46 cents, or 0.9%, to settle at $52.95 a barrel. Meanwhile, February #Brent crude on London’s ICE Futures exchange added 59 cents, or 1.1%, to close at $55.05 a barrel.

#Commodities #CommodityMarket #CommodityPrices #OilFutures #CommoditiesTrading #OilIndustry #OilandGas #OilProduction #OilPrices #OilTrading #OilMarket #OilGlut #CrudeOil
#Oil prices rebound to end modestly higher amid signs of U.S. demand
http://www.marketwatch.com/story/oil-prices-struggle-to-move-higher-haunted-by-higher-us-supply-2016-12-22

#Oil prices went on a wild ride in 2016. Prices swirled downward to start the year over fears that the world's growing oil stockpiles would fill to the brim. #Crude crashed all the way into the mid-$20s in early February before rallying past $50 per barrel by the end of the year due to improving market fundamentals. That recovery could continue in 2017 thanks to #OPEC's decision to support prices by trimming production.

However, investors should not expect a smooth ride given that there are plenty of things that could cause quite a bit of volatility in 2017. Overall, the consensus seems to be that crude will remain in the mid-$50s in 2017. Incidentally, that is similar to what analysts had forecast for oil prices in 2016. Given recent history, the odds of a quiet crude market next year appear slim.


#Commodities #CommodityMarket #CommodityPrices #OilFutures #CommoditiesTrading #OilIndustry #OilandGas #OilProduction #OilPrices #OilTrading #OilMarket #OilGlut #CrudeOil
Oil Prices in 2017: What to Expect
http://www.foxbusiness.com/markets/2016/12/22/oil-prices-in-2017-what-to-expect.html

#art #kunst #painting #artwork #oil #canvas

#art #kunst #painting #artwork #oil #canvas

This gonna be new one
#art #kunst #painting #artwork #oil #canvas

#Oil prices rose in quiet trading on Thursday (Dec 22), supported by strong U.S. economic data, a pause in the U.S. dollar rally and optimism that crude producers would abide by an agreement to limit output. The gains were curbed by an unexpected rise in #UScrude inventories last week and moves by #Libya to boost output over the next few months. #Brent futures for February delivery rose 59 cents, or 1.1%, to $55.05 a barrel, having previously finished 89 cents lower. U.S. #WestTexasIntermediate crude settled up 46 cents, or 0.88% to $52.95 a barrel, after closing the previous session down 81 cents.

#Commodities #CommodityMarket #CommodityPrices #OilFutures #CommoditiesTrading #OilIndustry #OilandGas #OilProduction #OilPrices #OilTrading #OilMarket #OilGlut #CrudeOil
US crude settles at $52.95, up 46 cents, on US economic data and OPEC cut expectations
http://www.cnbc.com/2016/12/20/oil-prices-edge-up-on-expected-us-crude-inventory-draw.html

#Oil prices edge up on softer dollar, #OPEC cut expectations
https://goo.gl/aZmqwQ

#art #kunst #painting #artwork #oil #canvas

#oil pastel on paper (30×42)