Friday 3 July 2015
 
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Oil output

Opec may raise oil output quota: Morgan Stanley

Morgan Stanley said in a note on Monday there is a possibility that Organization of Petroleum Exporting Countries (Opec) may raise its oil output quota. The cartel's present production rate is around 31 million barrels per day

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Opec oil output in April highest since 2012

Opec oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share. Th

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Kuwait finds four new oilfields with huge volumes

Kuwait, which plans to boost oil output capacity by a third by 2020, has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday. Has

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Libya boosts oil output despite turmoil

Libya, struggling with militant attacks and two governments vying for control of the country, has boosted oil production to around 622,000 barrels a day (bpd), a report from state firm NOC said, higher than previously expected. Th

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Opec to keep oil output unchanged, says Kuwait

Opec has no choice but to keep its market share and shun oil output cuts, Kuwait's oil minister said, reiterating the view from the emirate that the group will hold its course when it meets next in June. "Of course we are

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Oman's PDO ups crude output above 2015 plans

State-controlled oil producer Petroleum Development Oman (PDO) raised its crude output in the first two months of the year to more than the planned annual average of 570,000 barrels per day (bpd), a top official said. While neighb

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Opec – to cut or not to cut, that is the question

Will Opec go for a quick fix and worry about the future later or will it pass the challenge to US producers by allowing the price to remain low or go even lower? These are the questions that the market will be looking for answers to this Thursda

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Oil up first time in 8 weeks on China rate cut

Oil prices rose on Friday for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an Opec output cut. Brent r

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Oil sinks towards $81 over mounting oil glut worries

Brent crude fell towards $81 a barrel on Wednesday, holding just above a four-year low as concerns over a mounting oil glut outweighed geopolitical and supply disruption risks in Ukraine and Libya. With oil prices having fallen 30

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Opec oil output falls by 120,000 bpd in October

The oil supply of Organization of the Petroleum Exporting Countries (Opec) in October has fallen by 120,000 barrels per day (bpd) due to lower production in Angola and Nigeria, a Reuters survey found, although recovery in Libya and growth in Ira

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