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Oil’s not well: are we reaching the breaking point in the sector?

Oil’s not well: are we reaching the breaking point in the sector?

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
 

Opec Oil Output Rises In May

Saudi Arabia, Nigeria, Iraq pump more in May ; Libyan supply expected to fall further;

May 28, 2011 12:04
 
Oman to spend up to $15B over 10 yrs

Oman to spend up to $15B over 10 yrs

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
 

OPEC may raise oil output limits, restore credibility

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
 

Global oil market over supplied – Iran OPEC governor

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
 
Bahrain BFX to launch conventional trade after delay

Bahrain BFX to launch conventional trade after delay

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
 
Oil near 2-1/2-year peak on Middle East, weak dollar

Oil near 2-1/2-year peak on Middle East, weak dollar

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 emergency meeting if needed-Kuwait

OPEC could call an emergency meeting if required by disruption to oil supply .

February 22, 2011 1:44
 

Unrest and $100 oil loom over Saudi talks

Official agenda tackles regulation, market transparency.

February 18, 2011 10:00
 

OPEC sees higher oil demand in 2011, raises output

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
 

OPEC quietly raising oil production, IEA says

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 joins Venezuela, Libya to say $100 oil no harm

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
 

No need for OPEC meet unless oil rally lasts-delegate

Brent crude climbed above $98 a barrel on Thursday.

January 13, 2011 4:11
 

OPEC may hike oil output if price hit $110-official

Statement comes after prices spiked to $94.74 a barrel-the highest since Oct 2008

January 9, 2011 2:30
 

World economy can withstand $100 oil price-Kuwait

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
 
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