Friday 28 November 2014
 
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Supplies

Saudi supplies less oil in Sept despite output rise

Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said on Thursday, at a time when some Opec members are calling on the top oil exporter to cut back output to lift prices. Bre

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Oil plunges below $97 over ample supply

Brent crude extended losses for a third day on Wednesday, slipping further away from $97 a barrel, as inflated supplies and weak economic data outweighed rising geopolitical tensions in the Middle East. Downbeat European economic

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Dearth of oil finds threatens long-term supplies

Explorers are finding so little oil, many are retreating from high-risk frontier areas to safer bets like North American shale, executives at a major Norway oil conference said. This will likely force them to buy expensive discoveries once inv

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Brent weakens below $103 on rising supply

Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful supplies continued to pressure prices. October Brent crude was down 13 cents to $102.50 a barrel by 1122 GMT. US crude

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Fires spark new safety warning in Bahrain

An alert has been issued over the potentially lethal consequences of overloading power supplies, following a spate of fires caused by short-circuits in Bahrain.   So far this

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Gulf Air could get 30pc fuel subsidy

Bahrain's national carrier, Gulf Air, could soon get a 30 per cent discount on fuel supplies.   The parliamentary co-ordination committee has endorsed a proposal in this regard submitted by MP Khalid Abdula&#

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Brent hits 4-month low on ample supply, Iran talks

Brent crude fell towards $104 a barrel on Thursday to a fresh four month low as plentiful supplies and continued progress in talks between Iran and the West over Tehran's disputed nuclear programme weighed on prices. Investors

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Brent crude oil hits 3-month high over tight supply

Brent crude oil rose towards $110 per barrel on Tuesday, reaching a three month high, due to lower inventories, firm demand and concern that turmoil in Egypt could disrupt supply. Brent crude gained 41 cents to $109.50 a barrel by

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UK gas stocks swell on LNG supplies from Qatar

UK stocks of liquefied natural gas have swollen over the last week, data from National Grid shows, after three big Qatari deliveries helped replenish low heating fuel supplies during the coldest March in over half a century. Brita

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Brent rises above $123 on China data

Brent crude rose above $123 on Monday after positive manufacturing data from China eased fears of a sharp economic slowdown in the world's second-largest oil consumer and continuing tension in the Middle East threatened crude supplies.  

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