Monday, March 3, 2025

Algeria Plans to Grow Oil Production by 14% in Next Four Years

Growth would reverse declining production Sonatrach, the national oil company of Algeria, wants to increase crude production by 14% in the next four years, reversing an eight year decline. The company plans to accomplish this by investing over $50 billion in operations from 2017 to 2021. Sonatrach will drill about 100 wells per year through 2021 and invest $9 billion in

Russia

U.S. Border Tax Adjustment would Increase Refineries’ Use of Domestically Produced Crude

On Sept. 27, 2016, U.S. Representative Bill Pascrell, Jr. (D-NJ), a member of House Ways and Means Committee, and U.S. Representative Walter B. Jones (R-NC) introduced the bipartisan Border Tax Equity Act, which would mitigate the negative impact of border tax adjustments on U.S. exporters. The congressmen said in a press release that “the bill addresses disadvantages for American exporters

Divergent Needs Put Fed, Central Banks on Different Paths

Fed is likely to raise its key rate two more times – Dallas Federal Reserve The last time the world’s central banks diverged on policy came as the Fed increased its key rate in December 2015. It’s happening again. The U.S. Federal Reserve continued its policy of quantitative tightening last week by raising the key rate 25 basis points, and