Saturday 30 April 2016
 
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production

Oil prices hit fresh 2016 highs on weak dollar

Oil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the US, although a looming rise in Middle East output capped gains. Brent crude futures were trading at $48.30 a barrel at 0644 GMT, u

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KNPC says current refining output 510,000-520,000 bpd

Kuwait's current refinery production is between 510,000 and 520,000 barrels per day (bpd) on the second day of a strike by Kuwaiti oil workers, an official from state refiner Kuwait National Petroleum Co (KNPC) said on Monday.

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Output freeze could push prices up: BofA Merrill

Bank of America Merrill Lynch said that global oil market rebalancing was under way and that prices could soon jump above $50 a barrel if a deal to freeze production results from a meeting in Doha this weekend.  

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Ford begins taking applications for all-new GT Supercar

Ford has begun taking owner applications for the all-new Ford GT ultra-high-performance supercar.   Limited production of the all-new Ford GT inspired Ford Performance to create a unique, customer-focused experie

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GPIC exceeds production, export targets in Q1

The Gulf Petrochemical Industries Company (GPIC) has continued to meet its export targets for ammonia, methanol and urea since the beginning of the year in spite of the decline in global prices, according to a report.  

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GPIC exceeds production, export targets in Q1

The Gulf Petrochemical Industries Company (GPIC) has continued to meet its export targets for ammonia, methanol and urea since the beginning of the year in spite of the decline in global prices, according to a report.  

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Russia reports highest oil output in 30 years ahead of Doha meeting

Russia's oil production rose 0.3 per cent to 10.91 million barrels per day (mbpd) in March, its highest level in nearly 30 years, raising questions over Moscow's commitment to freeze output ahead of a producers' meeting in Doha lat

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Algeria's energy output dips 1.3pc in 2015, sales flat

Algeria's energy export volumes stagnated in 2015, held back by lower output and a rise in domestic consumption, official data seen by Reuters showed.   Total energy sales reached 100 million tonnes

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Qatari plant maintenance leads to LNG tanker logjam

Dozens of liquefied natural gas (LNG) tankers parked in and around Qatari export facilities - the world's biggest hub for the fuel - signal that seasonal maintenance is curbing output, industry sources said. Around 25 tankers,

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Al Rawabi plans $21.7m investment to raise production

UAE-based Al Rawabi, a leading producer of dairy products and juices, has announced plans of a new investment worth Dh80 million ($21.7 million) in 2016 to enhance production and to enter new markets in the region. Addressing a pr

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