 |
Sluggish oil demand forecast in 2013Global oil demand will be sluggish throughout 2013 as economic expansion remains tepid, the West's energy agency said on Wednesday, also predicting comfortable oil supply levels, which could alleviate oil price pressures on More… |
 |
Aramco plans $35bn investment in 5 yearsSaudi Aramco plans to invest $35 billion over the next five years in projects to protect an oil production capacity cushion the world still relies on despite a shale oil boom and weak demand, the head of the world's biggest oil producer said More… |
 |
Global oil supply tightens in last 2 monthsGlobal spare oil inventories tightened over the last two months, a US government report said, which could lend the Obama administration some support if it decides to tap emergency oil reserves as the West applies sanctions on Iran. Worl More… |
 |
Global oil supply up, but spare capacity tightWorld oil inventories have risen over the past two months, aided by increased output from Iraq and Libya, but spare production capacity remains tight, the US government said in a special report on Tuesday. Global fuels output exceeded cons More… |
 |
Opec says oil supply above market needsOpec is pumping enough oil to keep world markets more than satisfied and oil prices have been high largely due to geopolitical risk, the oil producing group said on Thursday. The Organisation of the Petroleum Exporting Countries (Opec) sai More… |
 |
Qatar minister says Mideast oil supply reliableQatar's energy minister said on Monday oil production in the Middle East remains reliable and there is no shortage of supply in the market. "Supply from the Middle East has been reliable despite perceived disturbances in the region...there More… |
 |
Saudi to maintain oil supply if US draws stocksSaudi Arabia is likely to maintain high oil production in the event consumer countries release emergency stocks, but it will not seek to lure buyers for more oil by discounting its crude, industry sources said. US Secretary of State Hillar More… |
 |
Iran supply cut will push oil up 30pc warns IMFSupply disruptions from Iran could push global crude prices by up to 30 per cent from the current levels, IMF chief Christine Lagarde warned today. "If there was for instance a major shortage of export of oil from Iran, it will certainly d More… |
 |
Saudi oil supply at 9.4mbpd in FebTop oil producer Saudi Arabia supplied 9.4 million barrels per day (bpd) of crude to the market in February steady from January, an industry source familiar with the matter told Reuters on Saturday. "Production from the kingdom was in the More… |
 |
Libya awards oil supply to major tradersLibya has agreed to supply four major European trading houses with crude oil in 2012, a senior National Oil Corporation (NOC) source told Reuters on Wednesday, appearing to break from a policy of restricting sales to end-users. Glencore wa More… |
