Wednesday 21 October 2020
 
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Oil output

UAE growth to pick up on gains in non-oil sector

Driven by ongoing infrastructure investment in the non-oil economy and increasing output in the oil sector, UAE’s headline growth is set to accelerate from 0.8 per cent in 2017 to around 2.5 per cent in 2018 and 3.3 per cent in 2019, a rep

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UAE growth to pick up on gains in non-oil sector

Driven by ongoing infrastructure investment in the non-oil economy and increasing output in the oil sector, UAE’s headline growth is set to accelerate from 0.8 per cent in 2017 to around 2.5 per cent in 2018 and 3.3 per cent in 2019, a rep

More…

UAE growth to pick up on gains in non-oil sector

Driven by ongoing infrastructure investment in the non-oil economy and increasing output in the oil sector, UAE’s headline growth is set to accelerate from 0.8 per cent in 2017 to around 2.5 per cent in 2018 and 3.3 per cent in 2019, a rep

More…

Opec sees record conformity to output cut deal

Opec and participating non-Opec producing countries have started 2018 with an outstanding conformity level in their voluntary production adjustments, reaching over 130 per cent, said a report. The conformity level for December 201

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UAE committed to Opec output deal, says energy minister

The UAE will remain committed to the global oil output reduction deal to eliminate the remaining glut on the market which amounts to 100 million barrels to reach the average target of the coming five years, said a report citing the minister of e

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Opec output should remain at current levels to year-end

Despite the deal concluded last December between Opec and non-Opec producers, the cartel’s crude oil supply has followed last year’s upward path, said the Bank of America Merrill Lynch (BofAML) in a new report. The bla

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Opec faces three choices: stay, cut or hike output

The Organisation of Petroleum Exporting Countries (Opec) faces three distinct choices: stay, cut, or hike output at the highly anticipated meeting in Vienna on May 25, said Bank of America Merrill Lynch (BofAML) in a new report. F

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Iran plans 3 mbd rise in oil output capacity

Iran has plans to raise its crude oil production capacity by three million barrels per day (mbd), said a top official of the National Iranian Oil Company (NIOC) on Monday. The move is aimed at promoting and stabilizing the country

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Oil producers achieve 86pc conformity to output cuts

Opec and Non-Opec countries are on target towards full conformity with their adjustments in oil production, according to the Joint Opec-Non-Opec Ministerial Monitoring Committee (JMMC). ''Opec and Non-Opec producers achiev

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Opec to meet one-third of rise in global oil demand

With non-Opec poised to grow again, Opec will need to increase oil output by just 2.2 million barrels per day (b/d) to meet global incremental oil demand of about 5.5 million b/d over the 2017-22 period, added the latest Global Energy Weekly fro

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