Saturday 25 October 2014
 
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Output

Opec needs oil cut of at least 500,000 bpd: Libya

Opec should cut its oil output by at least 500,000 barrels per day (bpd), a Libyan oil official said, to tackle oversupply and support prices that have slid to a four-year low.    The 12-member Organization

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China factory output up, GDP growth slows

China's factory output rose 8.0 per cent in September from a year earlier, beating expectations and marking a recovery from August's six-year low of 6.9 per cent. However, China's economy overall grew at its slowest pa

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China factory output up, GDP growth slows

China's factory output rose 8.0 per cent in September from a year earlier, beating expectations and marking a recovery from August's six-year low of 6.9 per cent. However, China's economy overall grew at its slowest pa

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Libya is producing more than 800,000 bpd of oil

Libya is producing more than 800,000 barrels a day of oil, Prime Minister Abdullah Al Thinni said.   He also told a pro-government television channel in an interview broadcast that Libya oil revenu

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Kuwait says no impact on output or plans from oil price drop

The oil price drop to four year lows will not affect Kuwait's output plans or rate of production, the head of its state oil company said.   Speaking to reporters, Hashem Hashem, chief executive of Kuwait Oil

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IEA sees 2015 oil demand growth much lower, supply hitting prices

Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the International Energy Agency (IEA) said, and prices may extend their sharp fall so long as Opec shows no sign of countering a supply surge

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Nearly 3pc of global output vulnerable if oil falls to $80

Nearly 3 per cent of global oil production is vulnerable to cuts if prices fall to $80 per barrel, making some projects in Canada, Angola, Brazil and Norway unprofitable, the International Energy Agency (IEA) said.  

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Saudis avoid 1980s mistakes to halt oil price slide

Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again.

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Alba posts growth in sales, output

Aluminium Bahrain (Alba) is on track to hit its annual growth targets for this year with its third quarter (Q3) sales figures showing an increase of 2.3 per cent year-on-year (YOY) to reach 232,922 tonnes, compared to 227,758 tonnes in Q3, 2013.

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Libya oil output slips below 900,000 bpd

Libya's oil production has slipped below 900,000 barrels per day because of an ongoing sit-in protest at Sirte oil company by local residents demanding jobs, a source at the National Oil Corporation (NOC) said.  

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