Something’s gotta give during this week’s OPEC meeting as GCC favours increased production even as global demand falters. Could this stalemate be causing the absence of petrol in the UAE?
June 7, 2011 3:19
Saudi Arabia, Nigeria, Iraq pump more in May ; Libyan supply expected to fall further;
May 28, 2011 12:04
With Oman projecting a record spend this year, the Sultanate is planning to do more to create jobs for nationals and develop refinery and petrochem infrastructure.
May 25, 2011 10:52
Obsolete OPEC quotas in need of revision; Producer group's credibility at stake; May raise overall output limit, country quotas difficult
May 5, 2011 3:22
Iran sees the global oil market as over supplied, despite prices that have been pushed up by upheaval in the Middle East, its OPEC governor was quoted as saying in a newspaper on Saturday.
April 9, 2011 9:26
Originally planned to launch on March 7, BFX seems finally set to launch in two weeks with the bourse to remaining in Bahrain despite recent unrest.
April 6, 2011 2:46
Central bankers claim no influence on oil prices but history says otherwise. Meanwhile, the Euro hits 14-month high as Libyan rebels call on NATO for more strikes.
April 6, 2011 2:38
OPEC could call an emergency meeting if required by disruption to oil supply .
February 22, 2011 1:44
Official agenda tackles regulation, market transparency.
February 18, 2011 10:00
Demand for OPEC crude was revised up by around 400,000 barrels per day (bpd) to 29.80 million bpd this year.
February 10, 2011 2:19
The IEA said it had revised its estimates for Saudi Arabian oil production up by an average 135,000 barrels per day (bpd) for 2010.
January 18, 2011 2:26
Iran, Venezuela and Libya see no harm in $100 oil; Iran: No OPEC member calling for emergency meeting; Iran is OPEC president for 2011, next meeting June 2.
January 16, 2011 4:37
Brent crude climbed above $98 a barrel on Thursday.
January 13, 2011 4:11
Statement comes after prices spiked to $94.74 a barrel-the highest since Oct 2008
January 9, 2011 2:30
Arab oil exporters say market is well supplied; Do not expect OPEC to raise output in 2011; Oil ministers blame cold snap for latest price surge.
December 26, 2010 1:57