Thursday 29 June 2017
 
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Output

Opec output hits six-month high in May

With US oil and gas companies already stepping up activities in 2017, crude output climbed in May - the same month Opec met to extend its production cuts - to a six-month high, since November 2016, according to the organisation's latest mont

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Alba sees 3 - 5pc output loss from power outage

A recent power outage in Aluminium Bahrain (Alba), an international aluminium smelter, is expected to result in a loss of 3 to 5 per cent of its total production for 2017, the company said. However, the losses from the incident wi

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Alba sales volume, output up in Q1

Aluminium Bahrain (Alba), an international aluminium smelter, has revealed that its sales volume and throughput are up by 4.9 per cent and 5.6 per cent, respectively, year-over-year (YoY) in the first quarter of this year. Sales v

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GPIC achieves output targets

The Gulf Petrochemical Industries Company (GPIC) exceeded all production targets for 2016 and achieved new records, said a report in the Gulf Daily News (GDN), our sister publication. To read further, please visit

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GPIC achieves output targets

The Gulf Petrochemical Industries Company (GPIC) exceeded all production targets for 2016 and achieved new records, said a report in the Gulf Daily News (GDN), our sister publication. To read further, please visit

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Oil surges as Opec members stick to output pledge

Oil futures edged higher on Wednesday, rebounding from the prior day’s sharp selloff on signs that major oil producers are sticking to their pledge to cut output. February West Texas Intermediate crude CLG7  rose 14 cen

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Gulf Mining plans to increase limestone, gypsum output

Oman-based Gulf Mining Group, a major mining and mineral processing organisation, plans to boost production of limestone and gypsum — commodities destined primarily for the growing steel and cement sectors of the Indian sub-continent.

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Oil soars to one-year high on Putin output cap comment

Oil rose to one-year high after Russian president Vladimir Putin said on Monday that his country was ready to join Opec efforts to stem the decline in crude prices through a output cap, said a report. Speaking at the World Energy

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Saudis 'ready for Opec deal if Iran freezes output'

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. The offer

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Oil output freeze deal may last one year: Opec chief

A possible deal to support oil prices by the world's leading producer countries may last for one year, the secretary-general of Opec said on Tuesday, longer than other officials have indicated. Opec and non-member producers in

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