Gulf Times - oil-output
Saudi oil output to be restored to normal by September-end

Saudi oil output to be restored to normal by September-end

Saudi Arabia said on Tuesday its oil output would be back to normal by the end of the month, with half the production lost in weekend attacks on two key facilities already restored.

Opec sees higher oil demand, but more rival supply

Opec sees higher oil demand, but more rival supply

The global market will return to balance only towards the end of 2018, no earlier than previously thought, as higher prices encourage the United States and other non-member producers to pump more, Opec said.

Opec cut extension to ease glut by year-end: Algeria

Opec cut extension to ease glut by year-end: Algeria

Algeria's energy minister said on Wednesday he expects Opec to extend oil output cuts by nine months, helping to ease a global glut of crude by the end of 2017 and possibly raise oil prices to more than $55 a barrel.

Oil producers signal likely extension of output cut

Oil producers signal likely extension of output cut

Leading Gulf oil exporters Saudi Arabia and Kuwait gave a clear signal on Thursday that Opec plans to extend into the second half of the year a deal with non-member producers to curb supplies of crude.

Oil prices under pressure as Libya output recovery weighs

Oil prices under pressure as Libya output recovery weighs

Oil prices were under pressure on Monday as a rebound in Libyan oil output at the weekend weighed against upbeat economic data from Asia that pointed to strong energy demand from the region.

Opec delivering on agreed oil output cuts: Kuwait

Opec delivering on agreed oil output cuts: Kuwait

The Opec oil cartel has implemented more than 90% of its agreed output cuts aimed at curbing a glut on world markets, Kuwait's oil minister said on Monday.

IEA: Opec cut compliance helps oil market rebalance

IEA: Opec cut compliance helps oil market rebalance

Global oil output plunged in January as Opec and non-Opec producers curbed supply to accelerate a market rebalancing following one of the largest oil gluts in a generation, the International Energy Agency said.

Ministers positive on Opec, non-Opec oil output cuts

Ministers positive on Opec, non-Opec oil output cuts

Energy ministers from Opec and non-Opec countries meeting in Vienna have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time.

Saudi minister says impact of oil deal on market to take time

Saudi minister says impact of oil deal on market to take time

Saudi Arabia's Energy Minister Khalid al-Falih said on Wednesday it would take some time for the market to recover after a global oil deal between Opec and rival producers to limit supplies.

Oil prices soar on global producer deal to cut output

Oil prices soar on global producer deal to cut output

Oil prices shot to their highest levels since mid-2015 on Monday after Opec and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets.

Oil prices soar after Opec output deal

Oil prices soar after Opec output deal

Oil prices rose more than 4% on Thursday, with Brent crude at its highest in about 16 months, extending gains after Opec and Russia agreed to restrict output to speed up the rebalancing of a long-oversupplied market.

Opec reaches deal to cut oil output

Opec reaches deal to cut oil output

The Opec oil cartel reached a deal on Wednesday to reduce its output for the first time in eight years, Qatar's Energy Minister and president of the Opec conference said.