Tuesday 29 July 2014
 
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Output

Steel prices hit as global output surges

Global crude steel production rose at an annual 2.2 per cent rate in May as output in China hit new record levels and North American and European mills cranked up production, industry data showed, pressuring prices the world over.

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For a change, all 'happy, happy' at Opec

Opec sailed through a brief, calm meeting on Wednesday - even as oil prices rose to $110 on barrel on concern renewed strife could hit Iraq's output and deepen a supply shortfall from chaotic Libya and sanctions-bound Iran. Oi

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For a change, all 'happy, happy' at Opec

Opec sailed through a brief, calm meeting on Wednesday - even as oil prices rose to $110 on barrel on concern renewed strife could hit Iraq's output and deepen a supply shortfall from chaotic Libya and sanctions-bound Iran. Oi

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Opec agrees to renew 30m bpd output ceiling

Opec agreed on Wednesday to renew its oil production ceiling of 30 million barrels a day for the second half of this year, in a widely anticipated decision. The 12-member Organisation of the Petroleum Exporting Countries is satisf

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Libyan oil output now 250,000 bpd

Libya's oil production is currently 250,000 barrels a day while the vital southern El Sharara oilfield remains closed, a spokesman for state-run National Oil Corp (NOC) said. A new protest has shut down the Zultun and Raquba o

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Saudi crude oil output drops to 9.566m bpd

Saudi Arabia produced 9.566 million barrels per day (bpd) of crude oil in March, down from 9.849 million bpd in February, an industry source familiar with the matter said on Tuesday (April 8).   The world's l

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Kuwait's oil output capacity rises to 3.3m bpd

Kuwait has increased its oil production capacity to 3.3 million barrels of oil a day (bpd) and is hoping to reach 3.5 million bpd in 2015, the head of its state oil company said on Monday. Kuwaiti officials have previously said th

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UAE non-oil business activity at 4-month high

Business activity growth in the UAE's non-oil private sector edged up slightly to a four-month high in March as output surged at the fastest pace in the series' history, a purchasing managers' survey showed on Thursday.

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Saudi's oil output drops to 9.767m bpd

Top oil exporter Saudi Arabia produced 9.767 million barrels per day (bpd) of crude in January, down from 9.819 million in December, a Gulf industry source said on Monday. The kingdom raised its supply to the market, however, to 9

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OMV happy with Libya oil recovery

Austrian oil and gas group OMV's production in Libya has recovered sufficiently to support its full-year output target if it continues at current levels, its chief executive said. Gerhard Roiss said production in the war-torn

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