Thursday 1 September 2016
 
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Oil

Aramco in advanced talks to build China refinery

Saudi Aramco is in advanced negotiations with China National Petroleum Corporation (CNPC) to build the Yunnan refinery in China, its chairman said on Al Arabiya TV on Wednesday. Khalid Al-Falih, who is also Saudi Arabia's ener

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Saudi doesn't target specific oil output level: Al-Falih

Saudi Arabian Energy Minister Khalid Al-Falih said the top crude exporter does not target a specific figure for its oil production and that its output is based on customers' needs. "We in the kingdom of Saudi Arabia do no

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960 Mena projects in pipeline despite low oil

Despite the low oil prices impacting the Middle East, the construction industry remains upbeat with about 960 major projects in the residential, commercial, healthcare, hospitality, smart buildings and education sectors in the pipeline, said a r

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Oil dips on strong dollar; rise in US stocks

Crude oil futures fell in early trade on Wednesday as the US dollar held around three-week highs and industry stocks data indicated a build in US crude inventories. International Brent crude oil futures LCOc1 were trading at $48.2

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Oil dips on strong dollar; rise in US stocks

Crude oil futures fell in early trade on Wednesday as the US dollar held around three-week highs and industry stocks data indicated a build in US crude inventories. International Brent crude oil futures LCOc1 were trading at $48.2

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Iraq to support Opec oil output freeze

Iraq would support a decision by Opec to freeze oil output to prop up prices, Iraqi Prime Minister Haider al-Abadi told a news conference in Baghdad on Tuesday. "We are with freezing production at the Opec meeting," he s

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Oil surges on US weather fears, Opec speculation

Oil futures rose on Tuesday supported by production suspensions in the US Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures were tra

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Iran plans first phase of oil deal tenders from Sept

Iran plans to hold an oil and gas bidding round for foreign firms from late September, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as saying by the oil ministry's news agency Shana on Tuesday.

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Oil rises as dollar retreats from 2-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $

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Oil rises as dollar retreats from 2-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $

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