2004
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Opec could cut quotas
Opec could surprise the market and announce output reductions at its meeting on Friday 10... Read full article »
Oil falls to USD42 a barrel
Oil prices fell sharply at the end of last week to close at USD42.50 for US light crude and... Read full article »
Opec to ignore price band
Iran has repeated its call for Opec to pull supplies back to official quotas. But Iran's Opec... Read full article »
Shell ups KSA gas reserves 6.7pc
The Saudi gas deal won by a Shell consortium last year will add 15 trillion cubic feet or 6.7 per... Read full article »
Kuwait wants Opec cuts
Kuwait's Energy Minister Sheikh Ahmad Al Fahad said Opec has to take seriously the slide in the... Read full article »
Shell invests USD700m in KSA
Shell is set to invest USD700m in the expansion of its Saudi petrochemicals joint venture with... Read full article »
Oil back at USD47 a barrel
Oil prices dropped back sharply yesterday with US light crude down USD1.93 to USD47.25 a barrel.... Read full article »
Aramco, USD800m refinery upgrades
Saudi Aramco plans to spend USD800m over the next five years to upgrade its domestic refineries... Read full article »
World more dependent on oil
World energy supplies will become increasingly dependent on oil from the Gulf States over the... Read full article »
Opec 1.5m bpd over quota
Opec is presently producing 28.5m bpd, 1.5m bpd over its quota, said President Purnomo... Read full article »
USD1.5bn AD job for Bechtel
Abu Dhabi has awarded its largest deal in the gas sector this year to US giant Bechtel. The USD1.... Read full article »
Saudi aims for 12.5m bpd
Saudi Arabia's Oil Minister Ali Naimi said that the Kingdom plans to lift its sustainable oil... Read full article »
AD cuts diesel prices
Abu Dhabi petrol distribution companies have cut the price of diesel by 20 fils per gallon due to... Read full article »
Oman, more oil than 2003
Oman will produce more oil in 2004 than 2003, marking a decisive change of direction in dwindling... Read full article »
Opec will stick with the dollar
Saudi Arabian Oil Minister Ali Al Naimi said yesterday that Opec will not consider switching away... Read full article »
