Thursday 30 July 2015
 
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Iran's oil return a game changer for Opec, but not for now

The Organization of Petroleum Exporting Countries (Opec) is likely to keep oil output steady and defend its market share this year after Tehran's nuclear deal with major powers, since a full return of Iranian crude to the market will not b

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Libya's Agoco output at 250,000-290,000 bpd

Libyan oil company Agoco is producing 250,000 to 290,000 barrels per day (bpd) with a tanker loading 1 million barrels of crude at the oil port of Hariga, a spokesman said.   Production and exports continue despi

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Gazprom Neft almost doubles oil output at Iraqi Badra

Russia's Gazprom Neft, the oil arm of state gas company Gazprom, said it has almost doubled oil production at Badra oil field in Iraq.   Gazprom Neft-led Badra oil field now produces around 27,000-28,000 barr

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Oil prices dip after Saudis say could raise output

Oil futures dipped on Friday after Saudi Arabia said it was ready to raise output further to meet strong demand. US crude prices hit a high of $61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a st

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Aluminium Bahrain gets approval for $3.5bn expansion

Aluminium Bahrain, owner of the world's largest aluminium smelter, said on Wednesday it had received government approval for its Line 6 expansion project, which on completion would make it the world's largest single site smelter.

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Aluminium Bahrain gets approval for $3.5bn expansion

Aluminium Bahrain, owner of the world's largest aluminium smelter, said on Wednesday it had received government approval for its Line 6 expansion project, which on completion would make it the world's largest single site smelter.

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Iraq oil production now 3.8 mbpd

Iraq's oil production is around 3.8 million barrels per day (bpd) and is set to rise to 5.5-6.0 mbpd by the end of this decade, Iraq's Opec governor said in London, speaking on behalf of the country's oil minister. Reuters

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Libya oil production at about 460,000 bpd

Libya's oil production is about 460,000 barrels a day, an industry source said, unchanged from the last reported figure from state oil firm NOC.   The country's gas production equals 200,000 bpd of oil, t

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Saudi ministry says higher oil output driven by demand

Saudi Arabia's oil ministry said the rise in its oil production over the past three months was a result of increased global demand and the needs of its customers and was not designed to compensate for lower oil prices.  

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Opec oil output to exceed unchanged production target: Goldman

Goldman Sachs said that though the Organization of the Petroleum Exporting Countries (Opec) decided in Vienna to maintain its production target of 30 million barrels per day, the group's output would continue to exceed this quota.

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