Oman to cut oil production by 45,000bpd
By A Staff Reporter Muscat – Oman will cut oil production at the rate of 45, 000 barrels per day, (4.5 per cent of the current level of nearly one million barrels par day) following the OPEC agreement...
View ArticleOil prices near three-year highs, supported by demand
Prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth. Brent crude futures LCOc1 dipped 30 cents, or 0.4 percent, to...
View ArticleClik here to view.
Oil prices to remain at current levels: Analyst
April 24 – Oman crude closed at $71.32 on Tuesday, an increase of $1.05 from previous day, while the Brent crude, the global benchmark, rose above $75 a barrel to its highest since November 2014....
View ArticleSaudi Arabia can boost oil output after U.S. quits Iran deal, won’t act alone...
DUBAI, May 9: Saudi Arabia is monitoring the impact of the U.S. withdrawal from the Iran nuclear deal on oil supplies and is ready to offset any shortage but it will not act alone to fill in the gap,...
View ArticleOPEC, allies consider oil output boost, talks today
Algiers – OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of US sanctions, a source familiar...
View ArticleNo immediate increase in oil output: Opec
Algiers: OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, rebuffing US President Donald...
View ArticleOil hits four-year high as OPEC resist output rise
SINGAPORE: Brent crude oil prices hit a fresh four-year high on Tuesday amid looming U.S. sanctions against Iran and an apparent reluctance by OPEC and Russia to raise output to offset the expected to...
View ArticleOil prices climb on expected OPEC cuts
Singapore: Oil prices rose by more than 1 percent on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut....
View Article$70/bl oil price in sight after Opec deal
The extension to March 2020 of an oil production cut deal by Opec to remove of 1.2 million b/d from the market will push Brent crude prices to $70/bl, according to 66 per cent of those polled in GIQ’s...
View ArticleOman to cut oil production by 45,000bpd
By A Staff Reporter Muscat – Oman will cut oil production at the rate of 45, 000 barrels per day, (4.5 per cent of the current level of nearly one million barrels par day) following the OPEC agreement...
View ArticleOil prices near three-year highs, supported by demand
Prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth. Brent crude futures LCOc1 dipped 30 cents, or 0.4 percent, to...
View ArticleClik here to view.
Oil prices to remain at current levels: Analyst
April 24 – Oman crude closed at $71.32 on Tuesday, an increase of $1.05 from previous day, while the Brent crude, the global benchmark, rose above $75 a barrel to its highest since November 2014....
View ArticleSaudi Arabia can boost oil output after U.S. quits Iran deal, won’t act alone...
DUBAI, May 9: Saudi Arabia is monitoring the impact of the U.S. withdrawal from the Iran nuclear deal on oil supplies and is ready to offset any shortage but it will not act alone to fill in the gap,...
View ArticleOPEC, allies consider oil output boost, talks today
Algiers – OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of US sanctions, a source familiar...
View ArticleNo immediate increase in oil output: Opec
Algiers: OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, rebuffing US President Donald...
View ArticleOil hits four-year high as OPEC resist output rise
SINGAPORE: Brent crude oil prices hit a fresh four-year high on Tuesday amid looming U.S. sanctions against Iran and an apparent reluctance by OPEC and Russia to raise output to offset the expected to...
View ArticleOil prices climb on expected OPEC cuts
Singapore: Oil prices rose by more than 1 percent on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut....
View ArticleOpec+ will take responsible approach to virus
RIYADH: Saudi Arabia’s energy minister said he was confident that Opec and its partner oil-producing nations, the so-called Opec+ group, would respond responsibly to the spread of the coronavirus. He...
View ArticleOpec ministers gather in Vienna as coronavirus hits demand
VIENNA: Opec ministers are beginning to arrive to Vienna on Tuesday as the group debates whether to further reduce oil production to tackle deteriorating demand from the global spread of the new...
View ArticleRussia calls for deal to tackle oil demand collapse
A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also cooperate to...
View Article
