Gulf Times - petroleum
Opec struggles to keep Russia on board with oil cut, may offer shorter extension

Opec struggles to keep Russia on board with oil cut, may offer shorter extension

Saudi Arabia is having a hard time convincing Russia to stay much longer in an Opec-led pact cutting oil supply, and Moscow may agree only to a three-month extension, three sources familiar with the matter said.

Opec tentatively agrees oil cut, waits for Russia to commit

Opec tentatively agrees oil cut, waits for Russia to commit

Opec tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non-Opec heavyweight Russia before deciding the exact volumes for a production reduction ...

Woqod extends petroleum products sale and purchase deal with QP

Woqod extends petroleum products sale and purchase deal with QP

The new agreement between Woqod and QP will be for a five-year period until September 30, 2023.

OPEC says India oil demand to rise by 5.8 mn bpd by 2040

OPEC says India oil demand to rise by 5.8 mn bpd by 2040

India's oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40 percent of the overall increase in global demand during the period, OPEC's secretary general said on Friday.

Qatar to raise LNG output capacity to 110mn tonnes per year

Qatar to raise LNG output capacity to 110mn tonnes per year

Qatar Petroleum has announced further increase in the capacity of Qatar’s LNG expansion project, by adding a fourth liquefaction train, to raise the country's liquefied natural gas capacity to 110mn tonnes per year.

Woqod opens petrol station in New Salata

Woqod opens petrol station in New Salata

Qatar Fuel (Woqod) recently opened its New Salata petrol station – the second station to open this year and the 60th across the company’s total network of petrol stations around the country.

Qatar trade surplus jumps to QR16.35bn in January

Qatar trade surplus jumps to QR16.35bn in January

Qatar's exports grew much faster than imports, thus helping register a robust two-digit expansion in trade surplus year-on-year, according to the figures released by the Ministry of Development Planning and Statistics.

Qatar's hydrocarbon development full steam ahead

Qatar's hydrocarbon development full steam ahead

Qatar will further consolidate its global position as the top LNG exporter as the country has embarked on North Field development, which will ramp up production to more than 100mn tonnes per year (tpy) by 2024.

Nigerian oil union begins nationwide strike

Nigerian oil union begins nationwide strike

One of Nigeria's largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said.

Oil prices may average around $60/b in 2018: QNB

Oil prices may average around $60/b in 2018: QNB

With global demand and US production evolving in line with its expectations, QNB has forecast an average oil price around $60 for a barrel in 2018.

Oil steadies near two-year highs as geopolitics offset US supply

Oil steadies near two-year highs as geopolitics offset US supply

Oil was largely steady on Monday, trapped between a bullish push from tension in the Middle East and downward pressure from evidence of rising US production ...

QP consortium wins bid for oil exploration offshore Brazil

QP consortium wins bid for oil exploration offshore Brazil

A consortium comprising Qatar Petroleum, Shell, and China National Offshore Oil Corporation (CNOOC) was selected as the winning bidder for the Alto de Cabo Frio-Oeste block in the prolific ...