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Opec sees further action if output freeze deal holdsThe world's biggest oil producers may consider "other steps" to eliminate a persistent global oversupply if a recent deal to freeze current output holds firm for several months, the top official of Opec said. Secreta More… |
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Opec's Badri says oil market to be more balanced in 2016The oil market is expected to become more balanced in 2016 as demand continues to grow, Opec Secretary-General Abdullah Al Badri said ahead of the producer group's policy meeting next month. "The expec More… |
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Du official named 'Leading Businesswoman of the Year'Dubai-based telecommunications operator du's executive vice president of brand and communications has been named the 'Leading Businesswoman of the Year' by the WIL Achievement Awards 2015. Hala Badr More… |
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Oil market will be ‘reasonable’ by end-year: Opec bossThe secretary-general of the Organisation of the Petroleum Exporting Countries (Opec) said on Sunday that he expected the global oil market to be in a reasonable condition by the end of this year and next year. Abdullah Al-Badri a More… |
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Opec sees oil market improving over higher demandOpec sees the oil market improving because of higher demand for the group's crude and a drop in supply growth from non-members, its secretary general said, the latest sign that Opec believes its strategy of defending market share is working. More… |
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Opec sec-gen wants cooperation with non-members on surplusOpec Secretary-General Abdullah Al Badri said the oil exporter group should work together with producers outside Opec to tackle a global surplus of crude. "All of us should work togethe More… |
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Oil price will stabilise next year: OpecOpec expects oil prices to stabilise next year and to remain so over the long term, Secretary General Abdullah al-Badri was quoted as saying by RIA news agency on Thursday. "Prices will stabilise in 2016, we expect stability More… |
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Opec shouldn't cut output to ‘subsidise’ shale: BadriThe Organisation of the Petroleum Exporting Countries Secretary-General said on Sunday that the group's exporters should not cut output to "subsidise" higher-cost shale, an energy source whose recent growth is blamed by Opec for we More… |
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Opec, others must work together: BadriThe Organisation of the Petroleum Exporting Countries (Opec) Secretary-General said on Sunday Opec and non-OPEC producers should work together to stabilise oil markets, suggesting oversupply could amount to two million barrels per day (bpd). More… |
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Oil steadies after Opec says prices may have bottomedOil prices were little changed on Tuesday, with Brent holding above $48 following comments from a top Opec official that prices may have found a floor. Opec secretary-general Abdullah Al-Badri said oil prices may have bottomed out More… |
