Monday 21 April 2014
 
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Oil output

Libya's port deal no guarantee to steady oil output

Libya may have averted a state collapse by striking a deal with eastern rebels to reopen occupied oil ports, but technical delays and simmering federalist dissent threaten to disrupt production once again. On Sunday, Libya's f

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Saudi Arabia raises Dec oil output slightly

Saudi Arabia produced 9.819 million barrels per day (bpd) of crude oil in December, up from 9.745 million bpd in November, an industry source familiar with the matter said on Thursday. The world's largest oil exporter also rai

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Opec cuts output closer to 2014 demand

Opec has trimmed its crude oil output towards next year's global requirement, the exporter group said on Tuesday, further whittling away at a supply surplus that could weigh on prices. The monthly report from the Organization

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Saudi Nov output steady, pumps 9.745m bpd

Saudi Arabia produced 9.745 million barrels per day of crude oil in November, little changed from the previous month, when it pumped 9.75 million bpd, an industry source familiar with the matter said on Sunday. The kingdom supplie

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Saudi economic growth picks up in Q3

Saudi Arabia's economy expanded at an annual rate of 3.1 per cent in the third quarter, only half as fast as it grew a year ago, according to data released on Wednesday. The annual inflation-adjusted growth rate slowed to 2.1 per ce

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Opec oil output hits 2-year low in October

Opec's oil output has fallen below 30 million barrels per day for the first time in two years in October, a Reuters survey found, as near-record Saudi Arabian output fails to offset disruption in Libya and lower supply from Iran and Nigeria.

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Libya works to end strikes as oil output rises

Libya's government is working to end protests at oil facilities that have cut exports, and its oil production has risen to nearly half its normal rate, its top oil official said on Monday.   Disruptions to th

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Iraq's output target 'still within reach'

Iraq's oil output target for 2013 is still within reach, even with flows stuck at three million barrels a day during the first half of the year, but a lofty goal for 2014 will be far more difficult to meet, oil executives and officials say.

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Iraq, Eni set lower output target at oilfield

Baghdad and a group led by Italy's Eni have agreed to cut the planned output target at Iraq's Zubair oilfield to allow this southern giant to pump more for a longer period. Iraqi Oil Minister Abdul Kareem Luaibi said on Th

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Non-oil sector to play key role in Saudi GDP

Saudi Arabia’s GDP is likely to grow three per cent in real terms driven by a vigorous non-oil sector which will compensate for the decline in oil output in 2013, a report said. Growth in the non-oil sector will remain above

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