opec « 4/8 « | Kippreport.com

OPEC oil output hits highest since 2008 – survey

Libya again leads increase in OPEC oil supply; OPEC output almost 1 million barrels per day above target; OPEC sec-gen says not worried about extra production

February 1, 2012 1:19

New Iraqi OPEC president to seek assurances from Iran

Luaibi to seek stability assurances from Iran; Says against using oil in politics

January 18, 2012 2:13

UAE inflation remains at 0.9 percent in 2011

Inflation in the United Arab Emirates remained at 0.9 percent on average in 2011, unchanged from the previous year and well below analysts' forecasts, data showed on Wednesday. The rate was the lowest since the Gulf War started in 1990.

January 18, 2012 1:56

Iran warns Gulf countries not to replace its oil

Iran warned its Arab neighbours on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran's OPEC Governor Mohammad Ali Khatibi was quoted as saying.

January 15, 2012 2:31

Saudi ready to meet a rise oil demand

Top oil producer Saudi Arabia is ready to meet any increase in consumer countries' demand for crude oil, oil minister Ali al-Naimi told reporters on Saturday.

January 14, 2012 5:32

UAE says in Oman refinery joint venture talks

OPEC member the United Arab Emirates (UAE) is in talks with Oman about jointly building a refinery with its non-OPEC oil producing neighbour, the UAE's economy ministry said on Tuesday.

January 10, 2012 10:52

Saudi’s insignificant economic reshuffle…or is it?

Saudi Arabia’s slight reshuffle of the OPEC cabinet may not send shockwaves in the oil ministry but it is may accelerate reform and market liberalisation

December 14, 2011 4:27

Kuwait names government, top ministers keep jobs

Kuwait named a new government on Tuesday, changing the heads of only minor ministries, despite a deep political impasse in the OPEC nation that has led to delays and cancellations of key reforms and projects.

December 14, 2011 10:56

Kurdish PM fears more delay in draft Iraq oil law

Barham Salih says Iraq oil minister's stance may delay bill; Oil minister has warned Kurds on oil contract approach; Salih meets French investors, Total present

December 13, 2011 11:33

EU thinks twice about Iran oil ban

Even though sanctions may likely be implemented by mid-2012, it is becoming increasingly doubtful that an EU-wide ban could be imposed on Iranian Oil, unless China plays along.

December 6, 2011 3:42

UAE’s ADNOC says to cut Jan Murban supply by 5 percent

Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member the United Arab Emirates, will supply Murban crude at 5 percent below contracted volumes in January, the same as December.

November 29, 2011 1:07

Kuwait Cabinet resigns

The Kuwaiti government quit on Monday, parliamentary sources said, to resolve demands from protesters and opposition deputies that the prime minister step down over corruption allegations.

November 28, 2011 3:08

Iraq clinches $17B flared gas deal with Shell

One of largest Iraq energy deals; Flared gas to be used to generate power; Exports possible when domestic needs met

November 28, 2011 2:55

UAE central bank sees no impact on banks from market turmoil

Banks in the UAE are in a good position and should not be affected by turmoil in global financial markets, the OPEC country's central bank said on Wednesday.

November 24, 2011 1:44