OPEC unlikely to cut output: Iran official

2015-05-18 09:00

The Organisation of the Petroleum Exporting Countries is unlikely to implement a production cut at its next meeting in June, says a senior Iranian official.

IEA cuts non-Opec supply forecast, citing Yemen

2015-04-15 12:45

The International Energy Agency has cut its supply forecast for non-Opec countries, citing downturns in North America and the "worsening conflict" in Yemen.

Saudi oil output hits record high: minister

2015-04-08 14:40

Saudi oil production has reached 10.3 million barrels per day in March, says Oil Minister Ali al-Naimi, a figure that is the highest on record.

Opec must co-operate to boost oil prices - Saudi

2015-03-23 16:15

Oil producers outside Opec must co-operate to boost falling crude prices as the cartel refuses to take responsibility alone, the Saudi oil minister says.

Opec has to keep output ceiling - Kuwait

2015-03-19 13:30

Opec is forced to keep its market share and shun oil output cuts, reiterating the emirates view that the group will hold it course when it meets again.

Cees Bruggemans: Do we understand the situation?

2015-03-02 15:16

Could it be that we understand our own situation only too well, but perhaps do not dare to express its true nature?

Kuwait hails faster than expected oil price rally

2015-02-16 12:15

Kuwaiti Oil Minister Ali al-Omair says that world crude prices have recovered "faster" than expected and that recent gains will likely hold.

Putin's oil tsar slams Opec and US

2015-02-11 10:10

Rosneft's boss has targeted Opec and the US as he launched a broadside at the forces behind the oil price crash that has hit Russia's economy hard.

Oil prices extend gains as Opec cuts forecast

2015-02-09 20:00

Oil prices have advanced further as Opec forecast a reduction in annual US output amid a dip in North American crude production.

Abdul Davids: Analysing Sasol’s delay on its gas-to-liquids plant investment

2015-02-02 14:54

The latest numbers we have on South African crude oil imports show them to be running at over 500 000 barrels a day.


Oil glut persists as others capitalise on slow in US flow

2015-05-13 14:30

A glut in the global oil market has not evaporated with other countries stepping up output while US shale producers have cut back due the sharp drop prices.

Alec Hogg: 3 reasons crude won't soon go back to $100

2015-04-13 14:33

It’s always dangerous to make a “this time it’s different” call, but with the crude oil price there are some good reasons to consider it may now be true.

Africa wants action over falling crude prices

2015-04-05 08:11

African crude-exporting countries want the world's oil producers to cut output in order to boost prices that have fallen to levels that threaten to spark social unrest.

Oil prices retreat as Saudi pumps extra oil

2015-03-23 15:01

Oil prices have fallen as Saudi Arabia says it is pumping more oil, exacerbating a global supply glut, analysts say.

Oil price recovery not backed by fundamentals - Opec

2015-03-17 00:00

A recovery in oil prices which began last month is not justified by fundamentals as there remains a supply glut in the market, oil cartel Opec says in its monthly report.

Nigeria will call emergency Opec meeting

2015-02-24 11:10

Nigeria will call an extraordinary meeting of Opec if crude oil prices slip any further, in a sign of growing alarm over the impact of oil's collapse on oil

Forecasts suggest Opec tactics are paying off

2015-02-13 20:00

Energy agencies are forecasting higher demand for Opec's crude oil this year, a sign the producing nations' strategy to let prices fall is starting to win them back market share.

US oil output 'party' to last to 2020 - IEA

2015-02-10 14:30

The US will remain the world's top source of oil supply growth up to 2020, even after the recent collapse in prices.

Opec delegates cautious over oil price rebound

2015-02-02 19:30

Oil prices may stay down due to weak seasonal demand even as Saudi Arabia's strategy of curbing the output growth of rivals might have started achieving results.

Opec oil output rises as members stand firm

2015-01-30 20:00

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.

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