Thursday 5 March 2015
 
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Saudi non-oil growth unchanged; no oil impact yet

Growth in Saudi Arabia's non-oil private sector was almost unchanged in January, suggesting the plunge in oil prices is not so far proving a major drag on the economy, a survey of businesses showed on Tuesday. Business activit

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Saudi non-oil growth unchanged; no oil impact yet

Growth in Saudi Arabia's non-oil private sector was almost unchanged in January, suggesting the plunge in oil prices is not so far proving a major drag on the economy, a survey of businesses showed on Tuesday. Business activit

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Opec output rises in January as members stand firm

Opec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key members are standing firm in refusing to prop up prices.

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New Saudi king ‘holding line on Opec policy’

Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's long-serving oil minister.

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Oil prices slip on Chinese data, record Iraq output

Brent crude oil prices fell below $50 a barrel on Monday after the global economic outlook darkened and Iraq announced record oil production. The world's biggest energy consumer, China, faces significant downward pressure on i

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No Opec output cut likely even as oil below $50

Saudi Arabia and its Gulf Opec allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week. Opec decided against limiting production at its last meeting on Nov

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Saudi, UAE non-oil growth edge up

Growth in Saudi Arabia's non-oil private sector accelerated slightly in December, driven by an expansion in output, though it remained weaker than it was in most of 2014, a survey of businesses showed on Tuesday. Meanwhile, bu

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Saudi, UAE non-oil growth edge up

Growth in Saudi Arabia's non-oil private sector accelerated slightly in December, driven by an expansion in output, though it remained weaker than it was in most of 2014, a survey of businesses showed on Tuesday. Meanwhile, bu

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Oil edges above $60 as Libyan output slumps

Oil edged above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan. Fighting in Libya has cut output there to 352,000 barrels a day,

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Saudi says 'won't cut output even if non-Opec nations do'

Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-Opec nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.

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