Saturday 19 April 2014
 
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oil supply

Kuwait boosts oil and diesel supplies to Egypt

Kuwait will boost its supply of crude oil to Egypt by nearly a third and increase shipments of petroleum products in a deal the Gulf state's oil minister said was an obligation to help Cairo through its problems. State-run Kuw

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Kuwait in talks to renew oil supply to Egypt

Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for potential investments in the energy sector there, the Gulf state's oil minister said on Monday. Egypt has been relying on crude

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Brent hits 3-week high on Africa supply cut

Brent crude rose above $112 a barrel on Thursday, touching a three-week high, as civil unrest in Africa reduced supply. The closure of key ports in eastern Libya has slashed output from the OPEC producer to 110,000 barrels per day

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Oil prices 'could rise over supply worries'

Oil markets look well supplied in the short term but prices could rise in the next few months due to a seasonal increase in demand and production problems in some Opec producers, the West's energy watchdog said on Thursday. Th

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Mideast, Sudan turmoil cuts into world oil supply

The fall of Middle East regimes and renewed conflict there have squeezed oil supply, returning the region's politics to the fore as an energy worry for the world. Oil outages in Iraq, South Sudan, Libya and Iran are combining

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Sluggish oil demand forecast in 2013

  Global oil demand will be sluggish throughout 2013 as economic expansion remains tepid, the West's energy agency said on Wednesday, also predicting comfortable oil supply levels, which could alleviate oil price pressures on

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Aramco plans $35bn investment in 5 years

Saudi Aramco plans to invest $35 billion over the next five years in projects to protect an oil production capacity cushion the world still relies on despite a shale oil boom and weak demand, the head of the world's biggest oil producer said

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Global oil supply tightens in last 2 months

Global spare oil inventories tightened over the last two months, a US government report said, which could lend the Obama administration some support if it decides to tap emergency oil reserves as the West applies sanctions on Iran. Worl

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Global oil supply up, but spare capacity tight

World oil inventories have risen over the past two months, aided by increased output from Iraq and Libya, but spare production capacity remains tight, the US government said in a special report on Tuesday. Global fuels output exceeded cons

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Opec says oil supply above market needs

Opec is pumping enough oil to keep world markets more than satisfied and oil prices have been high largely due to geopolitical risk, the oil producing group said on Thursday. The Organisation of the Petroleum Exporting Countries (Opec) sai

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