Home' Trinidad and Tobago Guardian : January 24th 2015 Contents A18
Guardian www.guardian.co.tt Saturday, January 24, 2015
of Chaguanas is seeking experienced
Salesmen in the food industry.
Five (5) O Level Passes
A valid Heavy T license
At least two (2) years experience in
A valid police certificate of good
For additional information please
contact our office at:
Orinoco Drive, Point Lisas Industrial Estate, Couva
Republic of Trinidad and Tobago, West Indies
The National Gas Company of Trinidad and Tobago Limited (NGC) will be applying
an odorant to the odorizer unit at its natural gas metering facility at the PTSC
Compound, South Quay, Port of Spain.
This routine activity may produce a residual but harmless odor. The activity poses no
threat to members of the public and will be monitored by NGC's personnel.
We apologize in advance for any inconvenience that may be caused.
We assure you that all works shall be conducted in accordance with NGC's Health,
Safety and Environmental policies and procedures, as well as all applicable codes
If you have any concerns during this activity, please contact:
NGC's 24-HOUR EMERGENCY HOTLINE: 800-4427
NOTIFICATION OF APPLICATION OF NATURAL GAS ODORANT TO ODORIZER UNIT:
THIS ACTIVITY IS SCHEDULED FOR
Sunday 25th January, 2015
Between the hours of 7:00am and 3:00pm
NEW YORK---Oil prices rose on news
of the death of Saudi Arabia s powerful
King Abdullah, but the increase is like-
ly to be short-lived without a cut in
the kingdom s immense crude pro-
The benchmark US crude futures
contract was up 71 cents to US$47.02
a barrel at 0725 GMT on Friday. Brent
crude, an international benchmark, was
up 92 cents to US$49.42 a barrel.
The small rise reflects added uncer-
tainty about Saudi oil policy because
the country s new absolute monarch,
Abdullah s 79-year-old half brother
Prince Salman, is in poor health.
"It is necessary to stay watchful about
Saudi politics," said Oh Jeong-seok,
head of commodity markets at state-
run Korea Centre for International
Finance. "As he is nearly 80 years old
and his health isn t in good condition,
that itself is uncertain. The price of oil
goes up when there is an uncertainty."
Still, the months-long slump in oil
prices that is providing a boost to the
stumbling world economy is unlikely
to reverse unless Saudi Arabia cuts pro-
duction or world demand starts
strengthening again. Some analysts
think Saudi production won t be low-
ered anytime soon because the country
wants to maintain its market share.
Oil prices have plummeted nearly
60 per cent since June. Global supplies
have soared, thanks partly to a boom
in US shale oil production, at a time
when growth in global demand for
crude has slowed.
Saudi Arabia occupies a unique posi-
tion in world oil markets. It is one of
the world s biggest producers, it has
the strongest voice within Opec as its
largest exporter, and it is the only oil
producer that has the ability to signif-
icantly increase or decrease output in
response to changing market condi-
Despite a big drop in oil revenue,
Saudi Arabia has declined to cut pro-
duction on its own or back a cut by
opec in an effort to reverse the price
decline. The country produced 9.6 mil-
lion barrels a day in January, according
to Platts, the energy information divi-
sion of McGraw Hill. That s enough to
satisfy 11 per cent of global demand.
The question now is whether Abdul-
lah s successor Prince Salman will
change the kingdom s oil policy.
Saudi oil minister Ali Al-Naimi has
expressed a desire to retire, but he is
expected to stay on at least through
Opec s next scheduled meeting, in June.
"Naimi is a market-calming voice,
and very well-respected," said Frank
Verrastro of the Centre for Strategic
and International Studies. "Naimi will
likely stay on during this period of
Salman s son is the country s deputy
oil minister, but Verrastro said it s
unlikely he will replace Naimi because
Saudi Arabia does not have a history
of naming members of the royal family
to that position.
Larry Goldstein, a veteran oil adviser
at the Energy Policy Research Foun-
dation, said he expects that, if anything,
the king s death could delay any deci-
sion by Saudi Arabia on whether to cut
production or back an Opec cut. That
would help keep oil prices low.
"Continuity and stability is what
they will be looking for," he said. (AP)
Death of Saudi
LG Electronics' G Flex 2 smartphones are shown off by models during a media event at its head office in
Seoul, South Korea. LG said it will start selling the new curved smartphone next week in its latest effort
to bring the curve to a mass market. The South Korean company said the G Flex 2 will be launched
locally on January 30 and overseas in coming months. AP PHOTO
ALL IN THE CURVES
"As he is nearly 80 years
old and his health isn't in
good condition, that
itself is uncertain. The
price of oil goes up when
there is an uncertainty."
head of commodity markets
for International Finance
Links Archive January 23rd 2015 January 25th 2015 Navigation Previous Page Next Page