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Oil market stability restored claims SaudiSaudi Arabia is satisfied that oil prices have fallen to a level that does not hamper global growth, Saudi Oil Minister Ali Al-Naimi said on Wednesday, signalling success in a Gulf Arab effort to keep oil prices under control d More… |
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IEA head says oil market sufficiently suppliedThe global oil market is sufficiently supplied and there is no reason to release extra reserves now, the head of the International Energy Agency (IEA) said on Thursday. "There is no reason for action at this moment," Mar More… |
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Oil market 'well supplied, coping with Iran exit'The global oil market is well supplied and can cope with the loss of Iranian crude to Western sanctions, oil officials and executives, including the heads of Total and Royal Dutch Shell, said this week. An increase in global crude supplies More… |
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Oil market 'breaks cycle of tight supplies'The oil market has broken a two-year cycle of tightening supply conditions, the International Energy Agency said on Thursday, as demand growth weakens and top exporter Saudi Arabia increases output. The agency, which advises industrialised More… |
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Options market slumps despite Iran riskIf the oil options market is to be believed, the risk of an abrupt, dramatic move in crude prices has rarely been lower, says a report. Even as traders warn that a shock attack on Iran, a release of emergency oil reserves or a slowdown in More… |
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Balanced oil market 'important for Saudi'Having a balanced oil market is important for Saudi Arabia, the world's largest producer and exporter, the kingdom's Foreign Minister Prince Saud al-Faisal said on Saturday, amid mounting uncertainty over Iranian oil supplies due to sancti More… |
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Saudi says oil market supply 'adequate'Saudi Finance Minister Ibrahim Alassaf said on Thursday that supply to global oil markets was 'adequate' and said he was comfortable with oil prices at their current level. 'Our long-standing policy is to have stability a More… |
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Saudi sees balanced oil marketThe global oil market looks balanced, Saudi oil minister Ali Al-Naimi indicated, while the secretary general of the Opecrganization of the Petroleum Exporting Countries said some producers need to cut back as Libyan output rebounds. &nb More… |
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Opec ‘comfortable with oil market’Opec is comfortable with the situation in the global oil market, the producer group's secretary general said on Tuesday as oil was trading over $108 a barrel. Abdullah Al Badri also told reporters he saw Libya's oil output reaching one mil More… |
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Oil market balanced, says Saudi ministerGlobal oil market supply and demand is balanced, Saudi Oil Minister Ali al-Naimi said on Saturday, adding that the world's largest oil exporter would continue to supply all the crude as per customers demand. He said Saudi Arabia had su More… |
