Friday 30 January 2015
 
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Supplies

Oil steadies after Opec says prices may have bottomed

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

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Fresh chicken shortage in Qatar as Saudi supplies drop

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

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Oil edges above $60 as Libyan output slumps

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,

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Saudi supplies less oil in Sept despite output rise

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. Bre

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Oil plunges below $97 over ample supply

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

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Dearth of oil finds threatens long-term supplies

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

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Brent weakens below $103 on rising supply

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

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Fires spark new safety warning in Bahrain

An alert has been issued over the potentially lethal consequences of overloading power supplies, following a spate of fires caused by short-circuits in Bahrain.   So far this

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Gulf Air could get 30pc fuel subsidy

Bahrain's national carrier, Gulf Air, could soon get a 30 per cent discount on fuel supplies.   The parliamentary co-ordination committee has endorsed a proposal in this regard submitted by MP Khalid Abdula&#

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Brent hits 4-month low on ample supply, Iran talks

Brent crude fell towards $104 a barrel on Thursday to a fresh four month low as plentiful supplies and continued progress in talks between Iran and the West over Tehran's disputed nuclear programme weighed on prices. Investors

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