Monday 30 March 2015
 
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Saudi wins back global market share with oil output push

When Saudi Arabia's oil minister Ali Al-Naimi says he does not want the kingdom to lose market share anymore, he really means it. Iraq, Venezuela, Russia and Kazakhstan all saw their oil partially replaced by Saudi crude in As

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Oman hopes to boost crude production to 1 mbpd in 2015

Gulf Arab oil producer Oman hopes to boost its crude oil production by 5 per cent to 1 million barrels per day (mbpd) in 2015, a senior oil official said.   Oman is moving ahead with plans to pump more even thoug

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Opec comes cleaner on how much oil its members pump

The Organization of the Petroleum Exporting Countries (Opec) members' own versions of their oil output were for years greeted with such skepticism that the group resorted to publishing what others thought they were producing.

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Saudi non-oil growth unchanged; no oil impact yet

Growth in Saudi Arabia's non-oil private sector was almost unchanged in January, suggesting the plunge in oil prices is not so far proving a major drag on the economy, a survey of businesses showed on Tuesday. Business activit

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Saudi non-oil growth unchanged; no oil impact yet

Growth in Saudi Arabia's non-oil private sector was almost unchanged in January, suggesting the plunge in oil prices is not so far proving a major drag on the economy, a survey of businesses showed on Tuesday. Business activit

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Opec output rises in January as members stand firm

Opec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key members are standing firm in refusing to prop up prices.

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New Saudi king ‘holding line on Opec policy’

Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's long-serving oil minister.

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Oil prices slip on Chinese data, record Iraq output

Brent crude oil prices fell below $50 a barrel on Monday after the global economic outlook darkened and Iraq announced record oil production. The world's biggest energy consumer, China, faces significant downward pressure on i

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No Opec output cut likely even as oil below $50

Saudi Arabia and its Gulf Opec allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week. Opec decided against limiting production at its last meeting on Nov

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Saudi, UAE non-oil growth edge up

Growth in Saudi Arabia's non-oil private sector accelerated slightly in December, driven by an expansion in output, though it remained weaker than it was in most of 2014, a survey of businesses showed on Tuesday. Meanwhile, bu

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