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Business
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Economy
2/6/2012 2:01:57 PM
A faltering world economy might lead the International Energy Agency to reduce its world oil demand forecast, says experts
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Business
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Economy
1/29/2012 11:03:34 AM
European companies with pending contracts with Iran will be affected if EU oil ban on Iranian oil goes through, says the head of Iran's state oil company
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Business
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Economy
1/18/2012 8:22:41 PM
Europe has reached a general agreement for new trade restrictions but are still deciding on time and implementation, say diplomats
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World
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Region
1/15/2012 10:11:53 AM
Iran asks its Arab neighbours not to up their oil production to meet the West's energy demands - like Saudi Arabia offered - in the case an oil embargo is imposed on Iran
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Business
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Economy
1/12/2012 6:23:11 PM
Libya economy is rapidly picking up to pre-war levels and provided the biggest increase to OPEC supply last month
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Business
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Economy
1/11/2012 12:28:06 PM
The Arab Kingdom has very little unused capacity but could easily reach the 11 million barrels per day production limit
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Business
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Economy
12/24/2011 11:47:30 AM
As Libya raises oil production to two thirds of the level before its revolution against Gaddafi, the country's oil minister reveals he has OPEC's promise to accommodate the barrels
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Business
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Economy
12/14/2011 5:39:22 PM
Libya says its oil exports is forecast to reach 500,000 barrels a day in December, but this increase is not expected to hold sway over the outcome of the OPEC meeting on Wednesday
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Business
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Economy
12/14/2011 2:09:49 PM
A new agreement between OPEC producers is expected to put a cap for all 12 countries output but will keep overall level near 3-year high
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Business
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Economy
12/14/2011 1:29:34 PM
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Business
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Economy
12/13/2011 12:42:53 PM
Slowing demand for oil and increasing supplies will level out the energy market in coming years, claims West's energy watchdog
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World
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Region
12/11/2011 5:18:42 PM
Top Iranian oil official warns western nations, including the US, of imposing sanctions on the country's oil exports, saying it would damage the global crude market
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Business
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Economy
12/10/2011 1:51:02 PM
Organisation is on course to earn $894 billion from exports, bringing much-needed funds to Middle East regimes seeking to counter popular unrest via social spending
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Business
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Economy
12/7/2011 4:16:25 PM
Kingdom's production reached over 10 million in November due to rising consumer demand, says official
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Business
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Economy
12/7/2011 1:58:54 PM
War-wrecked nation is making a surprisingly quick recovery despite the destruction of a tenth of its production facilities, says chief of oil body
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Business
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Economy
12/5/2011 12:00:33 PM
Emirate's ruler says the region's major energy producers will make every effort to ensure energy supplies keep flowing in times of crisis
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Business
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Economy
12/5/2011 12:00:01 PM
Minister hails production upsurge, saying the Kingdom's goal is to ensure stability in the oil market and provide enough energy to respond to shortages or increases
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Business
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Economy
12/4/2011 11:57:07 AM
Market is already being affected by rising tensions over Iran's nuclear activities and economic troubles in the US and Europe
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Business
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Economy
11/30/2011 10:57:45 AM
OPEC's supply is expected to average 30.27 million barrels per day (bpd) this month, up from a revised 29.81 million bpd in October
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Business
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Economy
11/26/2011 2:38:56 PM
The EU will have to source its crude needs from other sources apart from Iran, but would Greece, Spain, Italy be able to afford to pay a premium?
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