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oil production

Oil: Need to scale back production?

There's red ink everywhere this week as commodities crash to levels unseen in 13 years, spooked by fears of a US rate hike and a Chinese economic slowdown. Where could reverse the slide? For some individual commodities the answer is improved

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Iran ‘on track to see big investments’

Iran is on course to change significantly over the next decade, with or without a deal, the country is set to witness its greatest upside via opening up to investment, a report said. Iran will see the most bullish sentiment will b

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Iran ‘on track to see big investments’

Iran is on course to change significantly over the next decade, with or without a deal, the country is set to witness its greatest upside via opening up to investment, a report said. Iran will see the most bullish sentiment will b

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Mubadala starts production at 3rd field in Thailand

Abu Dhabi-based Mubadala Petroleum, an upstream oil and gas exploration and production company, commenced production at Nong Yao oil field, the company’s third oil field in Thailand, yesterday (June 17). Production is expect

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Mubadala starts production at 3rd field in Thailand

Abu Dhabi-based Mubadala Petroleum, an upstream oil and gas exploration and production company, commenced production at Nong Yao oil field, the company’s third oil field in Thailand, yesterday (June 17). Production is expect

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Core Gulf Opec members in 'consensus' on oil ceiling

Core Gulf Opec members and others have a consensus to keep the organization's oil production ceiling intact at its meeting this week, a senior Gulf Opec delegate told Reuters on Tuesday, reinforcing a view among a growing chorus of members.

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Aramco vows to spend on oil production

Saudi Aramco will dedicate most of its spending to oil production over the next decade to maintain its position as the world's top crude oil exporter, the state-owned energy giant reiterated in its annual report for 2014. &quo

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Iran to start South Pars oil production in 2016

Iran plans to start to extract oil from the world's largest gas field next year as part of the Opec member's strategy to boost its crude oil production to at least 3 million barrels per day, official Iranian media reported.

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Oil supply buffer could halve as Opec output rises

An oil supply shortage may be the last thing on investors' minds right now, but the ability of Opec producers to cope with an unexpected surge in demand is diminishing fast, analysts and forecasters say. For years, the Organiz

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Kuwait seeks co-operation over crude output

Kuwait Oil Minister Ali Al Omair yesterday (November 29) urged non-Opec crude producers to co-operate to help stabilise the oil market and prevent sharp fluctuations in prices, a report said. The minister called on producers from

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