Sunday 13 July 2014
 
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oil supply

Kerry, Saudi King discuss global oil supplies

US Secretary of State John Kerry and Saudi King Abdullah briefly discussed global oil supplies during a meeting on the crisis in Iraq on Friday, a senior State Department official said. During the talks, Kerry referred to recent c

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Gold hits 2-month high as stocks, dollar retreat

Gold hit a two-month high on Tuesday and silver reached its highest since mid-March as a drop in European shares after soft German economic data and a weaker dollar helped the metal build on last week's gains. Spot gold hit a

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Kerry to discuss oil supply disruptions from Iraq conflict

US Secretary of State John Kerry will discuss with Gulf countries this week possible oil disruptions from the Iraq conflict, a senior State Department official said on Sunday. Kerry is on a tour of countries in the Middle East and

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Oil tops $108 on Libya supply, Ukraine fears

Brent crude rose above $108 per barrel on Friday, supported by tension in Ukraine and limited supply from Libya, where a recent deal to reopen oil export terminals seemed unlikely to go ahead. Pro-Moscow separatists in eastern Ukr

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Kuwait boosts oil and diesel supplies to Egypt

Kuwait will boost its supply of crude oil to Egypt by nearly a third and increase shipments of petroleum products in a deal the Gulf state's oil minister said was an obligation to help Cairo through its problems. State-run Kuw

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Kuwait in talks to renew oil supply to Egypt

Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for potential investments in the energy sector there, the Gulf state's oil minister said on Monday. Egypt has been relying on crude

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Brent hits 3-week high on Africa supply cut

Brent crude rose above $112 a barrel on Thursday, touching a three-week high, as civil unrest in Africa reduced supply. The closure of key ports in eastern Libya has slashed output from the OPEC producer to 110,000 barrels per day

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Oil prices 'could rise over supply worries'

Oil markets look well supplied in the short term but prices could rise in the next few months due to a seasonal increase in demand and production problems in some Opec producers, the West's energy watchdog said on Thursday. Th

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Mideast, Sudan turmoil cuts into world oil supply

The fall of Middle East regimes and renewed conflict there have squeezed oil supply, returning the region's politics to the fore as an energy worry for the world. Oil outages in Iraq, South Sudan, Libya and Iran are combining

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Sluggish oil demand forecast in 2013

  Global 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

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