Sunday 23 November 2014
 
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Oil

Oil rises to $81 on China rate cut, possible Opec move

Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that Opec could agree next week to reduce oil production. China's central bank cut its benchmark interest rates for the firs

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Iran says will double oil exports in two months if sanctions end

Iran will double its oil exports within two months if sanctions against it end, Oil Minister Bijan Zanganeh told official news agency Irna.   Zanganeh said he will talk with top oil exporter

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Saudi oil policy uncertainty unleashes speculation

If Saudi Oil Minister Ali Al Naimi wants to stop speculation spreading before a crucial Opec meeting next week, it's too late.   Al Naimi's intervention last week after a two-month silence failed to addre

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Venezuela says Opec to 'increase coordination' in face of oil price fall

Venezuela's Foreign Minister Rafael Ramirez said the Organization of the Petroleum Exporting Countries will increase coordination in the face of the fall in oil prices, the South American government said in a statement, without elaborating

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Saudi crude oil exports edge up to 6.72 mbpd in September

Opec heavyweight Saudi Arabia's crude oil exports edged up in September by around 59,000 barrels per day (bpd) while volumes used by domestic refineries remained high, official data showed.   The world's

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Kuwait cabinet calls for steps to address oil price slide

Kuwait's cabinet called for practical steps to address the slide in oil prices at a special session convened to examine weakening energy markets, official media in the petroleum-dependent Opec member country reported.  

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Iran oil minister slams producers for not cutting output

Iran's oil minister accused some countries of making up excuses to justify their refusal to stabilise prices by cutting output, a possible reference to Saudi Arabia as a Saudi official insisted the issue should be left to market fo

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Mideast oil and gas industry urged to focus on HSE issues

The Middle East region’s oil and gas industry needs to place health, safety and environment (HSE) issues at the centre of planning during the post ‘easy oil’ era, a distinguished panel of international experts and industry thou

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Mideast oil and gas industry urged to focus on HSE issues

The Middle East region’s oil and gas industry needs to place health, safety and environment (HSE) issues at the centre of planning during the post ‘easy oil’ era, a distinguished panel of international experts and industry thou

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Saudi, Mexico push for stable oil markets

Saudi Arabian Oil Minister Ali Al-Naimi and Mexico's Energy Minister Pedro Joaquin Coldwell have held talks in which both agreed that all efforts should be made to stabilise international oil markets, Mexico's government said on Thursday

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