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OPEC rivalries bring difficult struggle

"It is not going to be easy," said an OPEC source, referring to whether the panel will be able to recommend a candidate. "For a secretary general to be appointed, all 12 have to agree."

October 22, 2012 3:26

UAE committed to supplying customers with oil needs

Ali al-Naimi, Oil Minister of the world's top exporter Saudi Arabia, expressed concern on Monday about high oil prices and said the kingdom would take steps to moderate them.

September 24, 2012 10:14

Saudi Arabia acting to lower oil prices

"We would like to see the price coming down and we are working to bring it down," said the Gulf source.

September 18, 2012 2:34

Saudi to supply full October crude to one Asia buyer

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in October, unchanged from September, an industry source familiar with the matter said on Monday.

September 10, 2012 9:51

Gulf OPEC big three raise August oil output by 400,000 barrels per day

Oil output by the big three Gulf producers saw a net increase of around 400,000 barrels per day (bpd) in August from July as a sharp rise in Kuwaiti output outweighed cuts by Saudi Arabia and the United Arab Emirates (UAE), industry sources said.

September 9, 2012 5:22

Kuwait oil output was 3 million barrels per day in August

Kuwait produced around 3 million barrels a day (bpd) of crude oil in August, up around 600,000 bpd from July, a Kuwaiti industry source said on Sunday.

September 9, 2012 5:17

UAE oil output at 2.7 million barrels per day in August

The United Arab Emirates produced 2.7 million barrels per day (bpd) of oil in August, down around 100,000 bpd from the previous month, an industry source familiar with the matter told Reuters on Thursday.

September 6, 2012 5:41

IEA: Iran outage, high price don’t justify oil release

IEA head says market has adjusted to lower Iran output; Says price alone does not justify oil release; Risks rift with U.S. over emergency release policy; U.S. does not wants rising oil price to offset Iran sanctions

August 28, 2012 6:42

Oman to spend $1 billion more on job creation

Oman plans to spend an additional $1 billion from its oil windfall to create jobs for its citizens over the next 12 months, a finance ministry official said on Sunday.

August 13, 2012 1:09

Saudi to supply full September crude to three Asia buyers

Top crude exporter Saudi Arabia will supply full contracted volumes of crude to at least three Asian term buyers in September, unchanged from August, industry sources familiar with the matter said on Thursday.

August 9, 2012 11:38

INTERVIEW: US eyes more projects in Gulf

Offshore oil and gas activities have experienced an increase in the Gulf states, causing it to attract some big eyes from the west

July 24, 2012 12:35

Saudi cranks up June oil output, Iran slumps

Saudi Arabia says it pumps 10.1 mln bpd in June; Output up 300,000 bpd from May to record high; Iranian output below 3 mln bpd - OPEC's secondary sources

July 11, 2012 4:39

Venezuela’s Chavez sees oil stabilizing at $100 per barrel

Venezuela's President Hugo Chavez said on Monday that the global price of oil should stabilize at around $100 per barrel.

July 10, 2012 12:00

Saudi to supply full August crude to 1 Asia buyer

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in August, unchanged from July, an industry source familiar with the matter said on Monday.

July 9, 2012 10:31

Qatar keeps august crude supply to Asia steady

Qatar, one of OPEC's smallest producers, has notified at least one Asian buyer that it will supply Marine and Land crude at full contracted volumes for August, unchanged from July levels, a trade source said on Monday.

July 2, 2012 10:12