2002
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China to soak up 2003 oil growth
China will soak up 80 per cent of additional global demand for oil next year, according to the... Read full article »
Saudi Arabia predicts big output cuts
Saudi Arabian oil minister Ali Al Naimi is pushing for an actual reduction in oil output of 1.5-... Read full article »
IEA says stockpiles will cut prices
The International Energy Agency has predicted that higher oil inventories will erode oil prices... Read full article »
Russians firms expect to exit Iraq
Russian oil companies told Vremya Novostei that they expect to be squeezed out of Iraq in a post... Read full article »
Venezuela halves oil production
A nationwide strike in Venezuela has halved its oil exports, reported Reuters. This leaves output... Read full article »
Saudi warns of an oil price slump
Saudi Arabian officials are concerned that the world risks an oil price slump unless Opec members... Read full article »
Iran calls for Opec to raise limits
Iran has called on Opec to raise its official production quotas while at the same time cutting... Read full article »
Kuwait mulls foreign oil investment
Kuwait may invite foreign companies to participate in Project Kuwait to double output from five... Read full article »
Venezuelan strikes to hike oil price
The wave of strikes in Venezuela which threaten to topple the government of president Hugo Chavez... Read full article »
Oapec ministers to meet in Cairo
Oil ministers from the Organisation of Arab Petroleum Exporting Countries, Oapec, will meet in... Read full article »
Opec 2.54m bpd above target
Oil production by Opec members was 2.54m bpd above the official target of 21.7m bpd in November,... Read full article »
EIB says instability will get worse
A new study from the Emirates Industrial Bank has highlighted the instability in the Middle East... Read full article »
Experts hail Slavnest sell-off
Industry sources are impressed by Russia's approach to the selling of a 75 per cent stake in... Read full article »
Exxon and Shell deal near in KSA
Mega oil companies Exxon Mobil and Royal Dutch/Shell are apparently close to reaching a deal with... Read full article »
Japan's AOC seals Kuwait deal
Japan's Arabian Oil Company officials report that the company has received final approval from... Read full article »
