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United States

Ahmad Ghaddar

Libya's NOC says output to rise as it seeks to revive oil industry

Sep 22 2020

LONDON/CAIRO Libya's National Oil Company said it expected oil production to rise to 260,000 barrels per day (bpd) next week, as the OPEC member looks to revive its oil industry, crippled by a blockade since January.

Oil refiners worldwide struggle with weak demand, inventory glut

Sep 21 2020

NEW YORK/LONDON/MELBOURNE Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and industry analysts.

Oil refiners worldwide struggle with weak demand, inventory glut

Sep 20 2020

MELBOURNE/LONDON/NEW YORK, Sept 21 Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and industry analysts.

Saudi energy minister warns oil market gamblers will be hurt "like hell"

Sep 17 2020

MOSCOW/LONDON/DUBAI The Saudi Energy Minister warned traders on Thursday against betting heavily in the oil market saying he will try to make the market "jumpy" and promised those who gamble on the oil price would be hurt "like hell".

As OPEC+ meets this week, UAE emerges as main laggard

Sep 16 2020

LONDON/DUBAI The United Arab Emirates has emerged as a major laggard in delivering oil output cuts in August, figures used by OPEC+ showed on Wednesday, as the group meets this week amid signs of a faltering demand recovery.

Oil edges higher but bleaker demand outlook weighs

Sep 15 2020

LONDON Oil prices edged slightly higher on Tuesday, but forecasts of a slower than expected recovery in global fuel demand due to the coronavirus pandemic weighed.

OPEC+ September meeting unlikely to advocate deeper oil output cuts - sources

Sep 14 2020

DUBAI/MOSCOW/LONDON OPEC and allies such as Russia are unlikely to announce further curbs to oil output this week despite a price drop, sources told Reuters, and will extend the period for countries like Iraq and Nigeria to compensate for earlier overproduction.

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