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Oil prices steady, more Saudi supply seenOil prices were little changed on Wednesday as the prospect of more Saudi supply offset optimism about the global economy that has helped bolster an improved demand outlook. April Brent crude futures was 2 cents up at $117.54 a ba More… |
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Opec set to leave output target steadyOpec oil ministers' meeting in Vienna on Wednesday is expected to hold production limits steady despite forecasts for a fall in demand in the first half of 2013. Ministers gather at 1000 (09 More… |
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Global resources 'face pressure over output'In the final decade of the 20th century alone, 23 per cent of all output was generated at a rapid pace, putting a great stress on resources, according to a leading economic expert. The trade-off between growth and commodity growth More… |
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Opec output falls 90,000 bpd in NovCrude oil output from the Organization of Petroleum Exporting Countries (Opec) declined 90,000 barrels per day (bpd) to 31.08 million bpd in November, a Platts survey showed. This follows Octobe More… |
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Libya's NOC targets 1.72m bpd output in Q1Libya's National Oil Corporation (NOC) aims to boost oil output to 1.72 million barrels per day (bpd) by the end of March next year, its chairman said on Wednesday, but warned of the risk that strikes could interrupt production. More… |
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Opec chief hopes for lower outputOpec Secretary General Abdullah Al-Badri hopes the oil producer group will trim output towards its output target of 30 million barrels per day (bpd) in coming months, industry newsletter Gulf Oil Review quoted him as saying. The O More… |
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Iran oil output hits 20-year lows on sanctionsTough Western sanctions are forcing Iran to take drastic action and shut off wells at its vast oilfields, reducing production to levels last seen more than two decades ago and costing Tehran billions in lost revenues. Iran struggled to sel More… |
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European crisis hits world factories in JuneEurope's debt crisis slammed into the world's factories last month, with US manufacturing contracting for the first time in nearly three years and Asian countries hit hard by crumbling orders from abroad. Some of the most grim data More… |
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US manufacturing output shrinks in MayUS manufacturing output contracted in May for the second time in three months and families took a dimmer view of their economic prospects in early June in signs that the American economy's recovery is on shaky ground. Factory productio More… |
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Opec set to keep oil output limitsOpec prepared to keep oil output limits on hold on Thursday, leaving swing producer Saudi Arabia to unilaterally decide whether it needs to scale back supplies to stem a price slide. Most in the Organization of the Petroleum Exporting Coun More… |
