Sunday 1 May 2016
 
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Saudi Arabia to push oil output higher: sources

Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said. Production may

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Aramco plans expansion of Shaybah oilfield

Saudi Aramco plans to complete the expansion of its Shaybah oilfield by the end of May, in a move to maintain its total production capacity, a report said. Shaybah’s production capacity will rise to one million barrels a day

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Aramco plans expansion of Shaybah oilfield

Saudi Aramco plans to complete the expansion of its Shaybah oilfield by the end of May, in a move to maintain its total production capacity, a report said. Shaybah’s production capacity will rise to one million barrels a day

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Oil producers to discuss freeze at June Opec talks

Oil-producing nations will discuss an oil output freeze at Opec's meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices despite the collapse of talks on a deal in Doha.

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Iran's oil output to reach pre-sanctions level by June

Iran's crude oil production will reach pre-sanctions levels within two months, a deputy oil minister was quoted as saying, a signal the Opec member might be willing to discuss an output freeze by the time when the exporting group meets nex

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Iran urges oil producers to keep discussing freeze

Iran urged other oil producers on Monday to continue talks on an output freeze to prop up crude prices, but insisted it was justified in not freezing its own output.   Iranian Opec Governor Hossein &l

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Oil freeze deal faces trouble on Iran issue

Saudi Arabia demanded on Sunday that Iran join a global deal on freezing oil output, jeopardising an agreement between Opec and non-Opec producers that was supposed to help ease a glut and prop up the price of crude. Some 18 Opec

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Oil output freeze only if others do, says Saudi

Saudi Arabia will only freeze the level of its oil production if all other major producers, including Iran, do so, Bloomberg reported on Saturday, citing Saudi deputy crown prince Mohammed bin Salman. He told Bloomberg the world&#

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Opec cuts 2016 oil demand growth forecast, warns of more

The Organization of the Petroleum Exporting Countries (Opec) on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus

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Iran expects 4 mbpd oil output by March 2017

Iranian Oil Minister Bijan Namdar Zanganeh said the country's crude output would reach four million barrels per day (bpd) by March 2017, state television reported on Wednesday.   "In the annual budget, t

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