Wednesday 5 August 2015
 
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crude output

Opec sees oil drop as short-term

A drop in oil prices this month is likely to be short-term and will not deflect Opec from its policy of keeping output high to defend market share, delegates from Gulf Opec members and other nations said. Falling Chinese stock mar

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Saudi crude exports slip to 7.8m bpd

Saudi Arabia's April crude exports fell by 161,000 barrels per day (bpd) as domestic refiners processed more crude, official data showed. Exports fell to 7.737 million bpd from 7.898m bpd in March when they hit their highest l

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Opec crude output hits three-year high in May

The crude oil production from the Organization of Petroleum Exporting Countries (Opec) increased to 31.11 million barrels per day (bpd) in May, up 180,000 bpd from the previous month, said a new report. This was the group's hi

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Iraq oil output hits record 4m barrels per day

Iraq produced a record of around 4 million barrels per day (bpd) of crude oil in December, Oil Minister Adel Abdel Mehdi announced on Sunday. "It is the first time Iraq has achieved this," Abdel Mehdi told a press confer

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Oil falls more than $1 on Kuwait, Saudi reports

Global oil prices lost more than a dollar on Monday in early Asian trades, as Kuwait said Opec is unlikely to cut ouptut to support prices and Saudi Arabia privately told oil markets that it is ready to accept oil prices perhaps down to $80 a ba

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Opec sees balanced oil market in 2014

Opec said its current oil output is helping to meet global demand fully and leading to a balanced market in 2014, a further sign the exporter group is unlikely to alter output policy at a June meeting. In a monthly report on Tuesd

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Opec sees balanced oil market in 2014

Opec said its current oil output is helping to meet global demand fully and leading to a balanced market in 2014, a further sign the exporter group is unlikely to alter output policy at a June meeting. In a monthly report on Tuesd

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Saudi crude output rises to 9.66m bpd in April

Saudi Arabia produced 9.66 million barrels per day (bpd) of crude oil in April, up from 9.566 million bpd in March, an industry source familiar with the matter said on Thursday. The world's largest oil exporter supplied 9.650

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Bahrain oil production is 'on track'

The present political situation in Bahrain has had no effect on oil production and development plans in the country, Energy Minister Dr Abdulhussain Mirza has said. The minister, speaking after a meeting with Occidental Petroleum Corporati

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Saudi Arabia's oil output hit 2-year high

Saudi oil production rose to a two-year high in December 2010 of 8.365 million barrels per day, according to preliminary data supplied by the kingdom, but its exports fell. The output figure compared with 8.259 million bpd in November and

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