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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (18266)	5/10/2016 3:30:47 PM
From: Goose94	Read Replies (1) \| Respond to of 203376

Crude oil: Aramco to boost production. Lost amid the eye-raising government reshuffle were comments made by Aramco’s CEO on Tuesday that the state-owned firm would increase oil production this year to meet rising demand. “We’re seeing a global increase in demand,” said Amin Nasser, Aramco’s CEO. “We are meeting that call on us." Saudi Arabia typically ratchets up output to meet summer demand, when the country burns oil domestically to meet a spike in electricity demand, but the company is also eyeing higher demand elsewhere, including the United States. Specifics were not mentioned but Nasser cited the Shaybah field, which will add 250,000 barrels per day within “a couple of weeks.” Aramco also wants to double natural gas production and nearly double refining capacity over the next 10 years.