Gulf Times - OECD
Brent crude to average $73 in 2018, says BMI

Brent crude to average $73 in 2018, says BMI

While geopolitical conflicts and financial market dislocations threaten the global growth outlook, BMI continues to see a broadening global economic expansion overall this year.

Global oil demand picks up but still lags rising supply: IEA

Global oil demand picks up but still lags rising supply: IEA

The Paris-based IEA raised its forecast for oil demand this year to 99.3 million barrels per day (bpd), from 97.8 million bpd in 2017.

IEA says global oil market now close to balance

IEA says global oil market now close to balance

The global oil market is close to balance, after nearly three years of excess supply, as production cuts by top exporters offset a longer-term decline in demand in the richest nations, the International Energy Agency said.

Oil prices gain as IEA says market could have bottomed

Oil prices gain as IEA says market could have bottomed

Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency and a weaker dollar, which makes fuel cheaper for importers using other currencies.

Mideast oil supply to dip to 1.23mn bpd in 2016: Opec

Mideast oil supply to dip to 1.23mn bpd in 2016: Opec

Middle East oil supply is estimated to fall by 0.03mn bpd this year compared with 2015 to average 1.23mn bpd in 2016, Opec has said.