00:00The Abu Dhabi National Oil Company is continuing to pump in billions of dollars in investment.
00:14In another move, the company is planning to expand its Babu Hassa onshore field to ramp
00:22up its production to 550,000 barrels of oil per day.
00:29Recently, they announced an investment of half a trillion dollars to ramp up its production.
00:35Oil prices rose today because there were reports that OPEC and non-OPEC producers may cut output
00:41next month.
00:43Remember that Trump has already cited his inhibitions as far as any cut from OPEC or
00:50non-OPEC goes.
00:53Prices have already fallen from the high of near $80 per barrel to nearly 65 barrels today
01:01and oil prices are already in the bear market.
01:05Some good news for the music lovers.
01:07Music streaming company Spotify will start rolling out its services in the UAE and the
01:12rest of the MENA region from Wednesday.
01:15The pricing point for the premium service is about 19 dirhams, that's not much compared
01:21to what they offer in the US, UK, Sweden and France.
Comments