Friday 29 May 2015
 
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Oil

June Opec meeting 'won't cut output'

Opec is not expected to cut oil production at its meeting in June, and the meeting is expected to be a short one, Saudi Arabia's Al Hayat newspaper quoted an unnamed Opec source as saying on Thursday. Saudi Arabia will continu

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June Opec meeting 'won't cut output'

Opec is not expected to cut oil production at its meeting in June, and the meeting is expected to be a short one, Saudi Arabia's Al Hayat newspaper quoted an unnamed Opec source as saying on Thursday. Saudi Arabia will continu

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GCC NOCs uniquely positioned to face oil price challenges

The depressed oil prices predominant since late last year could herald a lasting trend if, as evidence suggests, we are now facing the low-price segment of an oil ‘super cycle’, according to the latest paper from global strategy an

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Return of crude/dollar trade fuels oil market dilemma ahead of Opec

A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.  

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Iran to raise oil output capacity by 170,000 bpd from new fields by March 2016

Iran plans to raise its oil output capacity by 170,000 barrels per day by end of the current Iranian year, which ends on March 20, 2016, the official Irna news agency cited an Iranian oil official as saying.   So

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Oman keeps investing in diversification

Oman's government has responded to low oil prices by cutting spending on defence and subsidies while continuing to invest in diversifying the economy, official figures showed on Tuesday. The plunge of crude prices since last y

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Oil prices steady but ‘rally running out of steam’

Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Robust demand in Asia as well

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Bahrain oil industry growth highlighted

The growth of the oil industry in Bahrain was highlighted at a Bahrain British Business Forum (BBBF) networking event. Energy Minister Dr Abdulhussain Mirza, who was the keynote speaker, reviewed the history of the oil industry in

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Gulf markets dip, tracking oil; Egypt extends gains

Most Gulf stock markets slipped on Sunday after oil prices fell, while Egyptian equities extended gains following the delay of an unpopular capital gains tax. Brent oil fell $1.17, or 1.8 per cent, to $65.37 a barrel on Friday, de

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S Sudan ‘in control of oil-producing Upper Nile state’

South Sudan's government said on Friday it had wrested control of oil-producing Upper Nile State, the scene of heavy fighting in recent days, from rebel fighters. South Sudanese rebels said on Tuesday they had captured a refin

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