Lowering interest rates australia

30 Sep 2019 Australia's central bank was dragged further into the global easing tide as it cut interest rates for the third time this year, even as it risks refueling  2 Jul 2019 The Reserve Bank of Australia's (RBA) quarter-point cut took cash rates to an all- time low of just 1% and left limited room for more reductions. 16 Dec 2019 A fourth cut in nine months is widely expected after the summer recess effects arising from lower interest rates, but judged that the impact of 

Remaining north sea oil reserves

North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.. In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the Atlantic Margin" that is not geographically part of the North Sea. Since the first licences were issued for the extraction of oil and gas from the North Sea in 1964, about 42 billion barrels of oil have been produced. It is estimated there could be up to 24 billion more in untapped reserves. Data for oil and gas wells around the UK: production history, income, expenditure on exploration, spills, remaining reserves and approvals. [Withdrawn] Oil and gas: field data - GOV.UK Skip to

North sea brent crude oil spot price

One of the most notable times for the Brent Crude Oil Spot Price was in 2008. Prices for Brent Crude reached as high as $143.95/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Brent Crude fell as much at 70%