Opec members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share, further reducing the chance of any action to de
Bahrain's oil output is expected to grow by four per cent next year, according to an expert analysis.
However, economic growth is expected to slow to an average of 3.5 per cent over 2015-16, thanks to weaker growth in non-oil activi
Opec's oil supply in November fell by 340,000 barrels per day (bpd) as a recovery in Libya faltered, a Reuters survey found, although a lack of deliberate cutbacks by Saudi Arabia and other key members underlines their focus on defending mar
Markets on Friday hesitated to follow the slide in crude prices after Opec decided not to cut oil production to counter burgeoning shale energy but causing some deep side effects, economists said.
With their precious oil income sl
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
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
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
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