Thursday 17 April 2014
 
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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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Iraq targets 4.7million bpd output in 2015

Iraq plans to reach oil production capacity of 4.7 million barrels per day (bpd) in 2015 and has already surpassed 3 million bpd, Deputy Prime Minister for Energy Hussain Al-Shahristani said on Tuesday. The long-term plan is to ra

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Kuwait expects no output change at Opec meet

Kuwait does not expect Opec to change the cartel's petroleum production target at its next meeting, the oil minister of the state said on Wednesday. Asked whether the group's production target should be altered, Oil Minist

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Libya output still at 600,000 bpd

Libya's oil production is stable at around 600,000 barrels per day (bpd), where it has been for about a month, as the government works to end protests at fields and ports that have cut shipments for months, the National Oil Corp. (NOC) said.

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Aramco to expand Shaybah, Khurais oil output

The world's largest oil exporter, Saudi Aramco, will increase the output of light sour crude from two fields - Shaybah and Khurais - by 550,000 barrels per day (bpd) in 2016-2017, chief executive Khalid Al-Falih said on Sunday.

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Emerging markets output surges in August

The global emerging markets witnessed a marginal rise in output with the emerging markets index (EMI) rising from 49.5 to 50.7, the third-lowest figure in over four years, said a report.    However, it was t

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