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Brent crude prices dip on rising supply, global market woes
(Arab News - 30/10/2018)

Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports.<br/><br/> Front-month Brent crude oil futures were at $77 a barrel at 0246

Oil below $68 as investors assess mixed supply outlook
(Gulf News - 30/10/2018)

Oil traded below $68 (Dh249.76) a barrel as traders assessed mixed supply signals from producers. Futures in New York were little changed after falling 2.2 per cent last week. Russia suggested on Saturday the country may keep its output at the current

Analysts see Brent oil at $80 again
(Gulf News - 29/10/2018)

Analysts see Brent crude oil making its way back up towards $80 (Dh293.8) per barrel as US sanctions on Iran come into effect from next month. US reimposed sanctions on Iran, the third biggest oil producer within Opec group, earlier this year and asked

Oil prices in swing mood
(Arab Times - 28/10/2018)

Despite Saudi Arabia’s assurance to the global oil producers about provision of adequate supply, prices will continue to be unsettled even after Nov 4, which is the date set for the launch of USA boycott on the export of Iranian crude oil. Oil market

Brent slips as Khashoggi case keeps oil market on tenterhooks
(Gulf News - 17/10/2018)

Oil retreated before weekly US inventory data even as the disappearance of a journalist from Saudi Arabia threatened to spark a diplomatic crisis. Brent for December settlement dropped 0.5 per cent to $80.35 a barrel on the London-based ICE Futures

Oil jumps to $81.40, Asian shares slide
(Gulf News - 15/10/2018)

Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week.<br/><br/> Not helping the mood, oil

$80 pb is ‘dangerous’ to the world economy
(Arab Times - 14/10/2018)

During an oil conference in London last week, international oil countries were warned about the danger of oil prices rising above the level of $80. It is a red-line and a warning sign that such a level will lead to weakening of the world economy and

Demand for oil set to hit record high
(The Gulf Today - 11/10/2018)

There are opportunities for expansion, investment and growth in the oil and gas industry, as demand for energy continues to rise, particularly from the high-growth economies of Asia, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group

IMF sees oil futures contracts at $60 in 2023
(The Peninsula - 09/10/2018)

Oil futures contracts are set to decline to about $60 a barrel in 2023. Baseline assumptions for the IMF’s average petroleum spot prices, based on futures prices, suggest average annual prices of $69.3 a barrel in 2018—an increase of 31 percent from the

Oman oil production hits 29.71mn barrels
(Times of Oman - 09/10/2018)

The Sultanate’s production of crude oil and condensate throughout September 2018 amounted to 29.71 million barrels, with a daily average of 990,200 barrels, the monthly report issued by the Ministry of Oil and Gas (MOG) showed.<br/><br/> The total

Global oil market is balanced: Dr Al Sada
(The Peninsula - 08/10/2018)

Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada said yesterday that the oil market is now in balance between supply and demand, noting that the price could even rise due to shifts in sentiment and geopolitical changes.<br/><br/>

Opec’s latest long-term forecasts seem to be missing much
(Gulf News - 07/10/2018)

Opec has seen the future and — you may want to sit down for this — it involves more cars. Just not as many cars as it was expecting. In its latest “World Oil Outlook”, published last month, the oil exporters’ club foresees 1.98 billion passenger vehicles

Kuwait stops crude export to US – Market not attractive
(Arab Times - 07/10/2018)

Bloomberg last week published brief news with reference to Kuwait’s decision to stop selling crude oil to the US market. This was picked up by other agents, and eventually everybody started speculating about it and added more flavor to this news item.

Global oil market is well supplied — Saudi energy minister
(Arab News - 04/10/2018)

The global oil market is well supplied and Saudi Arabia has successfully met additional demand, Saudi Energy Minister Khalid Al-Falih said on Wednesday.<br/><br/> He was speaking to reporters in Moscow, where he is due to attend an energy conference with

Russian oil output hits post-Soviet high in September
(Gulf News - 03/10/2018)

Russian oil output reached 11.36 million barrels per day (bpd) in September, a post-Soviet high helped by higher production from Rosneft and foreign-led projects, Energy Ministry data showed on Tuesday.<br/><br/> It rose from 11.21 million bpd in August

Saudi Arabia calls for more Arab cooperation in oil industry
(Arab News - 02/10/2018)

Arab oil producing countries should cooperate to continue playing a positive role in the stability of the oil market and industry, Saudi Arabia’s energy minister said on Monday.<br/><br/> In a speech delivered on his behalf at the Arab Energy Conference

Brent extends longest quarterly rally in a decade on supply risks
(Gulf News - 02/10/2018)

Oil in London extended gains after the longest quarterly rally in a decade as a slowdown in American drilling added to supply risks while the US and Saudi Arabia discussed market stability.<br/><br/> Brent crude rose as much as 0.7 per cent, after

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