Wednesday 1 June 2016
 
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Output

Power outages reduce Iraq oil output

Iraq is pumping around 4.5 million barrels of oil per day, a senior official said on Tuesday, as issues including maintenance and power outages slow output from January's record high 4.78 million bpd. Falah Alamri, Iraq's

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Outlook for oil brightens; disruptions erode surplus

Unplanned disruptions to oil output could help run down a global overhang of unused crude this year, while demand will profit from growing gasoline consumption particularly in India and China, the International Energy Agency said on Thursday.

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Oil prices retreat on Opec output boost

Oil prices retreated from 2016 highs on Monday as rising production in the Middle East outweighed a decline in US output and a sliding dollar. Crude production by the Organization of the Petroleum Exporting Countries rose in April

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Saudi Arabia to push oil output higher: sources

Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said. Production may

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Aramco plans expansion of Shaybah oilfield

Saudi Aramco plans to complete the expansion of its Shaybah oilfield by the end of May, in a move to maintain its total production capacity, a report said. Shaybah’s production capacity will rise to one million barrels a day

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Aramco plans expansion of Shaybah oilfield

Saudi Aramco plans to complete the expansion of its Shaybah oilfield by the end of May, in a move to maintain its total production capacity, a report said. Shaybah’s production capacity will rise to one million barrels a day

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Oil producers to discuss freeze at June Opec talks

Oil-producing nations will discuss an oil output freeze at Opec's meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices despite the collapse of talks on a deal in Doha.

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Iran's oil output to reach pre-sanctions level by June

Iran's crude oil production will reach pre-sanctions levels within two months, a deputy oil minister was quoted as saying, a signal the Opec member might be willing to discuss an output freeze by the time when the exporting group meets nex

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Iran urges oil producers to keep discussing freeze

Iran urged other oil producers on Monday to continue talks on an output freeze to prop up crude prices, but insisted it was justified in not freezing its own output.   Iranian Opec Governor Hossein &l

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Oil freeze deal faces trouble on Iran issue

Saudi Arabia demanded on Sunday that Iran join a global deal on freezing oil output, jeopardising an agreement between Opec and non-Opec producers that was supposed to help ease a glut and prop up the price of crude. Some 18 Opec

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