Gulf Times - oil-supply
Saudi races to restore oil supply after drone strikes

Saudi races to restore oil supply after drone strikes

Saudi Arabia raced on Sunday to restart operations at oil plants hit by drone attacks which slashed its production by half, as Iran dismissed US claims it was behind the assault.

Opec in the dark on oil supply as Russia, Iran cut exports

Opec in the dark on oil supply as Russia, Iran cut exports

Opec is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to fears of a price crash ...

India hopes to cut losses from rupee fall with reserves

India hopes to cut losses from rupee fall with reserves

The volatility is being driven by global factors, including proposed US sanctions on Iran and the mismatch in demand and supply of oil.

Oil climbs as glut wanes, US crude closer to $70 a barrel

Oil climbs as glut wanes, US crude closer to $70 a barrel

Traders said speculators continue to bet on further upside, expecting potential supply disruptions and further drawdowns, driven by strong demand.

Umm Al Houl power plant 99% complete

Umm Al Houl power plant 99% complete

HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani on Thursday visited the under-construction Umm Al Houl Power Plant of the Qatar Electricity and Water Company (QEWC).

Too early to exit Opec oil cuts, says al-Sada

Too early to exit Opec oil cuts, says al-Sada

Opec and its allies should maintain oil supply curbs to guarantee healthy price levels which will allow increased investment in the industry and help avoid a supply and price shock in the long run, Qatar's Minister of Energy and Industry HE Dr Mohamed bin Saleh al-Sada said.

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 sees oil market balancing out later in 2018

IEA sees oil market balancing out later in 2018

At the end of November, 24 nations that account for around 60% of the world's oil supply agreed at a meeting in Vienna to keep a lid on output for all of 2018 in order to push up prices.

Iran can add 500,000 bpd oil supply in a year- IEA chief

Iran can add 500,000 bpd oil supply in a year- IEA chief

Iran is expected to add half a million barrels of oil supply a day within a year from its existing oilfields after the lifting of sanctions against Tehran in January, but developing new fields would take time, the head of the International Energy Agency said on Wednesday.