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Saudi energy minister says oil output freeze not necessarySaudi Arabian energy minister Khalid Al Falih said that freezing output is not "necessary" for the time being after signing a cooperation pact with Russia. "Freezing (production levels) is one of More… |
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Azerbaijan's oil output edges up 0.4pc in first halfAzerbaijan produced 21.06 million tonnes of oil in January-June, 0.4 percent more than in the first half of last year and the first rise since May last year, the State Statistics Committee said on Thursday. It More… |
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Kuwait says Opec unlikely to cut output to support pricesOpec is unlikely to cut oil production in an effort to prop up prices because such a move would not necessarily be effective, Kuwait's oil minister Ali Al Omair was quoted as saying by state news agency Kuna. More… |
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World grain output hits record high, market tightAgricultural commodity markets are set to remain tight with prices high and volatile despite improved supply and weakening demand growth, said the United Nations' food agency raising its estimates of global grain output in 2011. Food price More… |
