Sunday 25 January 2015
 
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Opec

New Saudi king seen holding line on Opec policy to keep oil output high

Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's

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Opec, oil companies clash at Davos over price collapse

The Organization of the Petroleum Exporting Countries (Opec) defended its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could le

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Eni CEO urges Opec to act now

The head of Italian energy company Eni Spa urged Opec on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now. Claudio De

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Oman oil minister slams Opec policy on prices

Oman Oil Minister Mohammad bin Hamad Al-Rumhy sharply criticised Opec's production policy on Wednesday, saying it was creating volatility in the market without benefiting oil producers and that his country was suffering. In No

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Iran ‘oil industry could withstand $25 a barrel’

Iran sees no sign of a shift within Opec towards action to support oil prices, its oil minister said, adding its oil industry could ride out a further price slump to $25 a barrel. The comments are a further sign that despite lobby

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Opec to see market share drop

The collapse in oil prices is starting to slow growth in US output, the Organisation of the Petroleum Exporting Countries (Opec) said on Thursday, although the slowdown will not prevent demand for the exporter group's oil falling in 2015 to

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Oil dips after big rally as oversupply weighs

Crude oil dipped on Thursday after a volatile session the previous day, when prices rebounded sharply from near-six-year lows that reflected a global oversupply. Wednesday's 4.5 per cent surge in Brent crude futures , the bigg

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Oil dips after big rally as oversupply weighs

Crude oil dipped on Thursday after a volatile session the previous day, when prices rebounded sharply from near-six-year lows that reflected a global oversupply. Wednesday's 4.5 per cent surge in Brent crude futures , the bigg

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Saudi oil minister holds talks with US energy deputy

Saudi Oil Minister Ali Al-Naimi met US Deputy Energy Secretary Elizabeth Sherwood-Randall on Tuesday in Riyadh where they discussed oil markets, the official Saudi Press Agency (SPA) reported. SPA gave no specific details about th

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Oil prices extend slide over growing oversupply

Oil prices slid in early Asian trade on Wednesday after touching their lowest in nearly six years the previous session, with analysts predicting further falls as oversupply plagues the market. Oil tumbled 5 per cent to near six-ye

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