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Oil prices march higher
(Arab News - 30/03/2017)

Oil prices extended gains on Wednesday despite an increase in US crude inventories, lifted by Libyan supply disruptions and expectations of output cut being extended by the Organization of the Petroleum Exporting Countries (OPEC). Front-month Brent crude

Oil slips toward $50 on doubts over output-cut extension
(Arab News - 28/03/2017)

Oil fell further toward $50 a barrel on Monday, pressured by uncertainty over whether or not the Organization of the Petroleum Exporting Countries (OPEC) will extend a pact to limit crude production beyond June. A committee of ministers from OPEC and

Saudi oil in China: Back to where it belongs?
(Arab News - 27/03/2017)

The year 2016 was a challenging one for Saudi crude oil heading to China, the world’s second-largest oil consumer after the US. But things are starting to improve this year. Russia overtook Saudi Arabia in 2016 to become China’s biggest crude oil

Oil prices slide on bulging American crude inventories
(Arab News - 23/03/2017)

Oil prices slipped back to three-month lows on Wednesday after data showed US crude inventories rising faster than expected, piling pressure on the Organization of the Petroleum Exporting Countries (OPEC) to extend output cuts beyond June. A deal between

Oil prices climb on talk that OPEC could extend supply cut
(Arab News - 22/03/2017)

Oil prices climbed on Tuesday, helped by expectations that an OPEC-led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries (OPEC)

Bullish crude bets cut by most ever as price falls below $50
(Gulfnews - 21/03/2017)

The exodus of oil-price optimists has begun. Money managers cut bets on rising West Texas Intermediate crude by a record amount during the week ended March 14, while wagers on a further price drop doubled as oil remained below $50 (Dh184) a barrel. “It’s

Saudi Arabia comes to rescue of oil markets, but sentiment remains fra
(Gulfnews - 20/03/2017)

Last week’s comments from Saudi Arabia’s Energy and Industry Minister Khalid Al Falih on the extension of the six-month output cut may continue to sooth frayed nerves, especially among traders who are still reeling from falling oil prices, but analysts

Weaker dollar helps lift oil prices
(Arab News - 19/03/2017)

Oil prices rose on Friday, helped by a weaker dollar, as investors weighed the impact of the Organization of the Petroleum Exporting Countries (OPEC) production cuts against rising US shale oil output and persistently high inventories. Saudi Energy

Oman crude back in positive territory
(Oman Daily Observer - 16/03/2017)

After losing roughly 10 per cent of its value over the past week, the price of Oman Crude inched up a heartening 34 cents to settle at $50.41 per barrel yesterday, the Ministry of Oil & Gas revealed in an official tweet. The modest increase — the most

Saudi Arabia tells Opec it raised output to 10 million bpd in February
(The National - 15/03/2017)

Saudi Arabia signalled that it is defending its market share, telling Opec that it pumped its full quota of 10 million barrels per day of oil last month. The Opec secretariat in Vienna said in its monthly report yesterday that Saudi Arabia reported

Oil stocks keep rising despite cut deal: OPEC
(Arab News - 15/03/2017)

The Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday oil inventories had continued to rise despite the start of a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting

Oil touches 3-month lows
(Arab News - 14/03/2017)

Oil hovered around three-month lows on Monday, as rising US inventories and drilling activity offset optimism over the Organization of the Petroleum Exporting Countries’ (OPEC) efforts to restrict crude output. Brent crude was down 7 cents at $51.30 a

Qatar's onshore oil price edges up to $55.11
(The Peninsula - 12/03/2017)

Qatar’s onshore oil price in February marginally increased above its price in January to reach $ 55.11 a barrel. That means the oil price remained $10.11 above the price of $45 a barrel approved in the state budget, the Group Securities noted in its

Oil slumps to close out biggest 3-day loss in a year
(Gulfnews - 12/03/2017)

Oil skidded again on Friday, pushing prices to three-month lows as investors continued to flee bullish positions on worries that Opec-led production cuts have not yet reduced a global glut of crude. US crude slumped nearly 9 per cent since Tuesday’s

Saudi energy minister keeping close eye on US oil producers
(Arab News - 09/03/2017)

Khalid Al-Falih, minister of energy, industry and mineral resources says the Organization of the Petroleum Exporting Countries’ (OPEC) production cuts are working to bolster crude prices and Saudi Arabia will look at whether other oil-producing nations

Opec inches towards production cut target
(Trade Arabia - 07/03/2017)

The 10 Organization of the Petroleum Exporting Countries (OPEC) members moved closer to full compliance with the landmark production cut agreement signed late last year, as output in the month fell from January levels to average 32.03 million barrels per

LNG price to remain subdued
(Saudi Gazette - 06/03/2017)

Despite the effect following the recent OPEC move, the liquefied natural gas (LNG) market will mostly likely see a lower price environment over the next several years compared to what the market had been used to until mid-2014. The significant expansion

Opec compliance with oil curbs rises to 94 per cent in February
(Times of Oman - 02/03/2017)

Opec has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already strong compliance with agreed supply curbs on the back of a steep reduction by Saudi Arabia. The Organisation of

Oil rises as OPEC sticks to output pledges
(Arab News - 02/03/2017)

Oil reversed earlier losses on Wednesday as investors took heart from strict compliance of the Organization of the Petroleum Exporting Countries (OPEC) with its pledge to cut output, although evidence of increasing US production capped gains. OPEC