The West's energy agency said that Global oil demand will be sluggish throughout 2013 as economic expansion remains tepid also predicting comfortable oil supply levels which could alleviate oil price pressures on consumers. The ...
Tags: oil, oil demand, oil supply, oil price
Iraq Energy Institute(IEI)has just concluded its first Iraq Energy Forum(IEF)which was held in Al Rasheed hotel at the heart of Baghdad for the period 11-13 December 2012.The successful three-days major event was organized in cooperation ...
Tehran Times cited Mr Rostam Qasemi Oil minister of Iranian as saying that OPEC will hold an extraordinary meeting if oil prices come down below USD 100. Mr Qasemi said that''According to projections,oil prices will remain higher than ...
Tags: Opec, Mineral, cut production ceiling
Tokyo’s new governor, Naoki Inose, announced the city would subsidize companies with a project to mine rare earth elements from the seabed off Minami-Torishima Island, to the southeast of Tokyo. The Asahi Shimbum reports that ...
Tags: Asia, China, Japan, Rare Earth
China's strangehold on the global supply of rare earth metals is shaking up diplomatic and trade ties in Asia as rival economies seek alternative sources of the key industrial materials. World Politics Review (paywall) reports that ...
Tags: China, Japan, Kazakhstan, Rare Earth, Rare Earths, USA
Reuters reported that Saudi Arabia's national oil company Aramco said that a cyber attack against it in August which damaged some 30,000 computers was aimed at stopping oil and gas production at the biggest OPEC exporter. The attack on ...
Tags: oil company, oil, cyber attack, Aramco employees
Trade Arabia reported that crude oil output from the Organization of Petroleum Exporting Countries declined 90,000 barrels per day to 31.08 million barrels per day in November. This follows October production of 31.17 million barrels per ...
Tags: crude oil output, crude oil, oil export, oil
IRNA reported that Mr Rostam Qassemi oil minister of Saudi Arabia arrived in Vienna to take part in the 162nd ordinary meeting of the OPEC oil ministers due to be held on 12th 2012. It is the second meeting of the OPEC oil ministers in ...
Tags: OPEC meeting, oil, crude oil output, crude oil
A new rivalry at the top of the Organization of the Petroleum Exporting Countries oil group has emerged, pitting up and coming Iraq against undisputed cartel heavyweight Saudi Arabia. Having overtaken Iran as OPEC's second biggest producer, ...
Tags: oil, Petroleum Exporting, Petroleum, oil prices
Reuters reported that Libya could proceed with a new round of oil exploration and production agreements in the current transitional period but the priority for now is to maintain pre war output levels and future targets. Mr Abdelbari ...
Tags: oil exploration, oil, oil output, Oil Corporation
The opening address to the 162nd Meeting of the OPEC Conference, by HE Abdul-Kareem Luaibi Bahedh, Minister of Oil of Iraq and President of the Conference: Excellencies, ladies and gentlemen, Welcome to Vienna for the 162nd Meeting of ...
Tags: Oil, OPEC Conference, Gas, economy
Kazakhstan Today reported that Kazakhstan's oil output is expected to average 1.58 mb/d in 2012, a decline of 20 tb/d from the previous year and unchanged from the previous month. According to the OPEC's Monthly Oil Market report released ...
Tags: Kazakhstan, oil output, decline, Monthly Oil Market report, oil
AFP reported that OPEC will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth. The Organization of Petroleum ...
Tags: OPEC, oil production, top crude consumer, oil output
AFP reported that OPEC will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth. The Organization of Petroleum ...
Tags: oil production, top crude consumer, energy demand growth
Iraqi Oil Minister Abdul Kareem al-Luaibi [Elaibi] talks about the extension of Abdalla El-Badri’s tenure as secretary general of the Organization of Petroleum Exporting Countries (OPEC). He spoke with Bloomberg Television’s ...