Oil prices were little changed on Tuesday, with Brent holding above $48 following comments from a top Opec official that prices may have found a floor.
Opec secretary-general Abdullah Al-Badri said oil prices may have bottomed out
Top shopping outlets in Doha have reported a severe shortage of fresh chicken over the past few days due to a decline in supplies from Saudi Arabia, according to a report.
The Qatari market depends heavily on imports from Saudi Ar
Oil edged above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan.
Fighting in Libya has cut output there to 352,000 barrels a day,
Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said on Thursday, at a time when some Opec members are calling on the top oil exporter to cut back output to lift prices.
Brent crude extended losses for a third day on Wednesday, slipping further away from $97 a barrel, as inflated supplies and weak economic data outweighed rising geopolitical tensions in the Middle East.
Downbeat European economic
Explorers are finding so little oil, many are retreating from high-risk frontier areas to safer bets like North American shale, executives at a major Norway oil conference said. This will likely force them to buy expensive discoveries once inv
Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful supplies continued to pressure prices.
October Brent crude was down 13 cents to $102.50 a barrel by 1122 GMT. US crude