Sunday 31 August 2014
 
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Opec

Kuwait export crude falls to $103.4 in July

The price of Kuwait Export Crude (KEC) fell about $5, from $108.2 per barrel (bbl) at the start of July to $103.4 per bbl at the end of the month, said a report. The National Bank of Kuwait report noted that the oil prices retreat

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Aramco to invest $400bn in next decade

Saudi Aramco, the world’s biggest oil producer, plans to invest $40 billion per annum over the next 10 years to keep oil output capacity steady while doubling gas production, a report said. Aramco forecasts more capital goin

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Oil prices sink to lowest since June 2013

Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies. Crude jumped on Friday after the go

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Oil prices sink to lowest since June 2013

Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies. Crude jumped on Friday after the go

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Brent ‘not likely to fall below $100 for long’

Saudi Arabia’s oil buffer is ample and Brent will not likely fall below $100 per barrel for long, unless Saudi wants it to, said a report released by BofA Merrill Lynch Global Research. If oil averages $105 per barrel, Saudi

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Oil near 13-month low over ample supply

Brent crude slipped below $103 a barrel on Wednesday to trade near its lowest level in more than a year as ample supplies countered any disruption risks posed by lingering tensions in Iraq and Libya. It was the fourth day of losse

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Oil market well supplied despite conflicts: IEA

Huge rises in oil production from North America are keeping oil markets increasingly well supplied, the West's energy watchdog said on Tuesday, suggesting oil prices are unlikely to rise much soon despite conflicts near key oil producing are

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Brent holds above $105, Iraq oil output steady

Brent crude hovered above $105 a barrel on Monday, dropping from a one-week high hit on Friday, as US intervention in Iraq eased concerns over the risk of disruption to supply from Opec's second-largest producer. Analysts have

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Opec slashes oil demand growth forecast

Opec trimmed its 2014 global oil demand growth forecast for a second consecutive month and said the group managed to increase output in July despite violence in Iraq and Libya, pointing to more comfortable global supplies. In a mo

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Oil prices 'may go up on tighter supplies'

Opec and non-Opec oil supply growth will reduce over the next 18 months, a report said, with the average Brent prices for 2014 and 2015 ranging from $106 to $109 and from $103 to $108/bbl, respectively. In a new forecast, the BofA

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