Monday 22 December 2014
 
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crude output

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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Saudi has raised oil production, IEA says

Saudi Arabia has been raising its production since last year when an oil price rally gathered pace, the International Energy Agency (IEA) said on Tuesday. 'It appears Saudi Arabia has been making more crude available to the market in t

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Kuwait to raise oil production from north

Opec-member Kuwait will raise production from its northern oil fields to reach more than 850,000 barrels per day (bpd) by the end of December, a newspaper reported on Sunday. 'KOC is currently negotiating with several firms including E

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Aramco '09 crude output falls 1m bpd yoy

State oil firm Saudi Aramco's crude output fell by a million barrels per day in 2009 from the previous year as the kingdom led Opec in making steep production curbs, data from Aramco showed on Tuesday. Aramco's crude output was 7.9

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Iraq plans new push to bolster oil output

Iraq, which last year awarded 10 contracts to oil majors, expects to add 600,000 barrels per day of new oil to boost output to 3.2 million bpd by the end of next year, a top oil official said. 'We expect to increase production by aroun

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