Friday 28 November 2014
 
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Alba expansion 'will help Bahrain economy'

The planned $2.5-billion expansion of Aluminium Bahrain (Alba) will contribute to the kingdom’s national economy and create additional job opportunities for qualified nationals, said Shaikh Khalid bin Abdulla Al Khalifa, Bahrain’s De

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Oil price seen falling to $60 if Opec does not cut output

Oil prices could plunge to $60 a barrel if the Organisation of Petroleum Exporting Countires (Opec) does not agree a significant output cut when it meets in Vienna, market players say.   Brent crude futures have

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Opec keeps oil markets guessing on output move

Oil analysts are putting down markers on the Organisation of the Petroleum Exporting Countries' (Opec) meeting on November 27, when members will consider whether to cut output to shore up prices. Opec members Iran and Venezuel

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Venezuela says Opec to 'increase coordination' in face of oil price fall

Venezuela's Foreign Minister Rafael Ramirez said the Organization of the Petroleum Exporting Countries will increase coordination in the face of the fall in oil prices, the South American government said in a statement, without elaborating

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UAE committed to supplying market with crude needs

The UAE oil minister said the Gulf state was committed to supplying the market‎ with its crude needs and that the Opec member did not have a target for oil prices.   "We will not fall short from meeting

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Iran oil minister slams producers for not cutting output

Iran's oil minister accused some countries of making up excuses to justify their refusal to stabilise prices by cutting output, a possible reference to Saudi Arabia as a Saudi official insisted the issue should be left to market fo

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Qatar cuts oil output due to oversupply, maintenance

Opec member Qatar expects to lower oil output to about 500,000 barrels per day (bpd) by the end of November, down from 650,000 at the end of last month and from 800,000 a month earlier, an industry source familiar with the matter said.

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Gulf Keystone says Iraqi Kurdistan oilfield output target on track

Gulf Keystone Petroleum said it was on track to meet its full-year production target at Shaikan, its key oilfield in Iraqi Kurdistan.   The company's stock, however, fell as much as 13.2 per cent

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Opec delegates start whispering about potential oil cut

A subtle shift may be taking place within Opec as it heads into its most important meeting in years, according to delegates with the producer group, as the discussion over whether it needs to cut output to defend oil revenues quietly intensifi

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Adco to invest up to $7bn to raise output

Abu Dhabi Company for Onshore Oil Operations (Adco) plans to invest between $5 billion and $7 billion in the next three years to raise output by 12.5 per cent, its chief executive said.   The state-owned crude oi

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