Saudi minister ‘very optimistic’ about oil market

19 Janvier, 2019, 18:25 | Auteur: Auguste Feret
  • Saudi minister ‘very optimistic’ about oil market

These investments in a rival source of energy isn't a threat to the world's biggest oil exporter, Al-Falih said. "In the interim, ample and reliable energy sources like oil and gas will need to be made available or (the world will) risk chaos".

Saudi Arabia's renewable power target is less than a third of Crown Prince Mohammed Bin Salman's vision for a 200 gigawatt capacity buildup by 2030.

"We've already exported gas on a commercial basis to the UAE so more of this interconnection in energy is going to take place and, importantly, also in trading of knowhow in technology and development with renewables", al-Falih was quoted as saying.

It said the rapid rise of renewables is being driven by new technologies and falling costs, making them ever more competitive against fossil fuels.

Saudi Arabia, which has said it is implementing a deal with Japan's Softbank to develop solar power, wants to boost its power generation from renewables and cleaner gas-fired plants.

The desert kingdom aims to develop about 60 gigawatts (GW) of renewable energy capacity in the next 10 years, including 40 GW of photovoltaic solar power, three GW of concentrated solar power and 16 GW of wind power the minister said.

American teen Anisimova sends records tumbling at Aus Open
Though she won the Shenzhen Open to kick off 2019, Sabalenka had few answers to Anisimova's power and shotmaking, droping serve twice without getting any looks at breaking back.

21 dead, dozens injured after pipeline explosion in Mexico
Another pipeline burst into flames in the neighbouring state of Queretaro, but the Mexican army reported that no one was hurt. Additional footage showed the pipeline gushing a fountain of fuel earlier in the day and people moving in with containers.

Son ex-avocat fait des révélations compromettantes — Donald Trump
L'histoire remonte à 2015, lorsque Donald Trump relançait son projet de bâtir un building de 100 étages dans la capitale russe. En décembre, Cohen a été condamné à trois ans de prison pour avoir violé la loi sur le financement des campagnes électorales.

This strategy will help the Kingdom save up to two million barrels of oil daily by 2030, he added, without providing details on the expected costs of the program.

The Public Investment Fund will be responsible for developing 70 percent of the kingdom's renewable power capacity, Saudi Energy Minister Khalid Al-Falih said in a speech in Abu Dhabi.

The Saudi-led Organization of the Petroleum Exporting Countries and Russian Federation agreed last month to cut their combined oil output by 1.2 million barrels per day (bpd) to support a sluggish oil market.

"We expect that energy efficiency efforts combined with energy price reforms would reduce our local energy consumption by 1.5 to 2 million barrels of oil equivalent per day by 2030 compared to a business-as-usual scenario", he told the Abu Dhabi Sustainability Week in capital of the United Arab Emirates.

Falih said he is confident that "within the next few weeks" the market conditions will return to normal and confidence will be restored.

"But there is always a lagtime between the (decision to) cut production and the impact reaching the market", he said. "I am telling you that if it is not, we will meet and see what is enough and we will do it", Mazrouei said in late December.

Conseillé:

  • Leeds United sign Madrid goalkeeper Kiko Casilla | Calendar

    Leeds United sign Madrid goalkeeper Kiko Casilla | Calendar

    Pep Guardiola has admitted he previously spied on opponents before games when he was the manager of Barcelona and Bayern Munich . Goalkeeper Kiko Casilla has joined Leeds United from Real Madrid on a four-and-a-half-year deal.
    Australian Open 2019: Seventh seed Dominic Thiem limps out of Open

    Australian Open 2019: Seventh seed Dominic Thiem limps out of Open

    Popyrin will play the victor of Lucas Pouille's match against Maximillian Marterer. For tennis that's a great attitude.
    Johanna Konta criticises 'dangerous' 12.30am start time in Garbine Muguruza defeat

    Johanna Konta criticises 'dangerous' 12.30am start time in Garbine Muguruza defeat

    But the pair will have to go someway yet to beat the record for the latest finish time at the Major. And a brief notion to play on Court 3 was aborted because of ... excessive seagull poo (yup).
  • Wasserman Schultz opts out of Women's March: 'I can not stand alongside it'

    The Anti-Defamation League describes the NOI as having "a consistent record of anti-Semitism" since the 1930s. Mallory defended her relationship with Farrakhan on " The View " earlier this week.
    Paris Saint-Germain in talks to sign Leandro Paredes

    Paris Saint-Germain in talks to sign Leandro Paredes

    Paris Saint-Germain are in negotiations to sign Leandro Paredes from Zenit Saint Petersburg, Sky Sports News understands. Paredes was a target for Chelsea as they look for a replacement for Cesc Fabregas , who recently moved to AS Monaco .
    Geely gearing up for Lotus production in China

    Geely gearing up for Lotus production in China

    The new Wuhan factory will have a capacity of 150,000 cars per year but the said documents didn't reveal a date for its opening. The Wuhan Development Zone did not respond to Reuters' request for comment.
  • Le Barça aurait fixé un ultimatum à Rabiot — PSG

    Le Barça aurait fixé un ultimatum à Rabiot — PSG

    Mieux, sa mère et agent continue même de négocier avec d'autres écuries intéressées par le profil du milieu relayeur français. Sous contrat jusqu'en juin prochain, le joueur a décidé de ne pas prolonger son bail avec le PSG .
    Burkina Faso prime minister, government resigns

    Burkina Faso prime minister, government resigns

    The Canadian government has not confirmed the information, and Bibeau said only that it is not ruling out any possibilities. She said Canada is appalled and deeply saddened by Woodman's death, condemning those responsible for the crime.
    Metallica, Foo Fighters perform at Chris Cornell tribute concert

    Metallica, Foo Fighters perform at Chris Cornell tribute concert

    Jimmy Kimmel hosted the tribute concert, which benefitted the Chris and Vicky Cornell Foundation and the Epidermolysis Bullosa Medical Research Foundation .
  • 'Viswasam’ collection crosses Rs 125 crore in TN alone says distributor

    'Viswasam’ collection crosses Rs 125 crore in TN alone says distributor

    The extended Pongal holiday ensured the Siurthai Siva-directorial to pull the audience to theatres on weekdays. Please note that these are estimated numbers collected from the various sources and not the official numbers .

    Maurizio Sarri Coy On Chelsea's Loan Swoop For Gonzalo Higuain

    And Sarri has revealed the Blues are in luck with injuries, claiming Ruben Loftus-Cheek is the only player absent. On the pitch we are really very happy with him. "They're really a very good team".
    At least 3 injured in French university blast

    At least 3 injured in French university blast

    The area has been evacuated and firefighters are on the scene, according to a tweet by the town of Villeurbanne. The university said multiple explosions were heard and that they were "caused by renovation work".


Populaire

MS Dhoni Takes Dig At Retirement Rumours With Cheeky Gesture
That is what I tell Indians - enjoy it while it lasts. "When he goes you will see a void that will be very hard to fill", he said. I think during the Test series, he must have spoken more to MS than anyone else.

Garcia étouffée au 3e tour, plus de Française en lice — Open d'Australie
Caroline Garcia , ex-numéro 4 mondiale aujourd'hui 19ème, était la dernière Française en lice dans le tableau féminin. La Lyonnaise de 25 ans sera opposée à l'Américaine Danielle Collins (35e) vendredi.

Australian Open: Raonic beat former champion Wawrinka
Women's singles fourth seed Naomi Osaka thrashed Tamara Zidansek 6-2, 6-4, to advance to the third round of the Australian Open . Raonic fired down 39 aces compared to Swiss Wawrinka's 28, while he topped the winners column 84-66 en route to the next round.

Women's March co-leader Mallory refuses to answer if Israel should exist
Nevertheless, she called Farrakhan the "GOAT" (greatest of all time), and defended him on multiple occasions. We marched to raise our voices against hate and discrimination.

Roméo Elvis lance une pétition adressée à Charles Michel — MaGourdeÀMoi
Roméo Elvis avait déjà fait parler de lui il y a près de deux semaines sur Instagram avec son hashtag #magourdeamoi . Limiter les bouteilles en plastique , c'est le but de Roméo Elvis via cette initiative .

BFMTV révèle les salaires des youtubeurs Norman et Cyprien
Quant à Cyprien, il gagnerait 800.000 euros par an et aurait réalisé 1,5 million de bénéfices, en cinq ans. De quoi réaliser une nouvelle plus-value supérieure à un million d'euros.

Très lourd bilan après l'explosion d'un oléoduc — Mexique
Des médias locaux ont montré des dizaines de personnes se servant auprès de la fuite d'où le carburant se déversait à jet continu. Dans certains secteurs, des stations-service officielles distribuent même du carburant volé.

Près d'un Français sur quatre a déjà été confronté — Pénurie de médicaments
Les pouvoirs publics (13%) et les grossistes répartiteurs (14%) figurent également parmi les entités incriminées. Une situation jugée anxiogène par 21% des sondés et 41% des personnes en ALD.

Russian fighter jets collide mid-air over Sea of Japan; crews eject
The reported grounding of the aircraft contrasts with the official news release of the accident being caused by pilot error. TheMoscowTimes.com says that crewmembers of one of the aircraft have been rescued from the Sea of Japan .

An All-Electric Ford F-150 is Coming...Eventually
Ford also plans to make an all-electric version of the Transit van, Farley said . The all-electric truck would be in addition to that. America's most popular vehicle is going electric.