Saturday 27 August 2016
 
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Opec sees further action if output freeze deal holds

The world's biggest oil producers may consider "other steps" to eliminate a persistent global oversupply if a recent deal to freeze current output holds firm for several months, the top official of Opec said. Secreta

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Opec's Badri says oil market to be more balanced in 2016

The oil market is expected to become more balanced in 2016 as demand continues to grow, Opec Secretary-General Abdullah Al Badri said ahead of the producer group's policy meeting next month.   "The expec

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Du official named 'Leading Businesswoman of the Year'

Dubai-based telecommunications operator du's executive vice president of brand and communications has been named the 'Leading Businesswoman of the Year' by the WIL Achievement Awards 2015.   Hala Badr

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Oil market will be ‘reasonable’ by end-year: Opec boss

The secretary-general of the Organisation of the Petroleum Exporting Countries (Opec) said on Sunday that he expected the global oil market to be in a reasonable condition by the end of this year and next year. Abdullah Al-Badri a

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Opec sees oil market improving over higher demand

Opec sees the oil market improving because of higher demand for the group's crude and a drop in supply growth from non-members, its secretary general said, the latest sign that Opec believes its strategy of defending market share is working.

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Opec sec-gen wants cooperation with non-members on surplus

Opec Secretary-General Abdullah Al Badri said the oil exporter group should work together with producers outside Opec to tackle a global surplus of crude.     "All of us should work togethe

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Oil price will stabilise next year: Opec

Opec expects oil prices to stabilise next year and to remain so over the long term, Secretary General Abdullah al-Badri was quoted as saying by RIA news agency on Thursday. "Prices will stabilise in 2016, we expect stability

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Opec shouldn't cut output to ‘subsidise’ shale: Badri

The Organisation of the Petroleum Exporting Countries Secretary-General said on Sunday that the group's exporters should not cut output to "subsidise" higher-cost shale, an energy source whose recent growth is blamed by Opec for we

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Opec, others must work together: Badri

The Organisation of the Petroleum Exporting Countries (Opec) Secretary-General said on Sunday Opec and non-OPEC producers should work together to stabilise oil markets, suggesting oversupply could amount to two million barrels per day (bpd).

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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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