Edition:
India

Dahlia Nehme

OPEC members Iraq, Nigeria agree to cut oil output

12 Sep 2019

ABU DHABI OPEC agreed on Thursday to trim oil output by asking over-producing members Iraq and Nigeria to bring production in line with their targets as the group strives to prevent a glut amid soaring U.S. production and a slowing global economy.

New Saudi energy minister says OPEC+ alliance staying for long term

09 Sep 2019

ABU DHABI Saudi Arabia's new energy minister said on Monday the world's top oil exporter would keep working with other producers to achieve market balance and that an OPEC-led supply-curbing deal would survive "with the will of everybody".

New Saudi energy minister says OPEC+ alliance staying for long term

09 Sep 2019

ABU DHABI, Sept 9 Saudi Arabia's new energy minister said on Monday the world's top oil exporter would keep working with other producers to achieve market balance and that an OPEC-led supply-curbing deal would survive "with the will of everybody".

Saudi-led coalition bombs Yemen prison, scores killed

02 Sep 2019

DUBAI Air strikes by a Saudi-led military coalition in southwest Yemen hit a prison complex, killing scores of people, Yemen's Houthi movement and a Red Cross official said on Sunday.

ADNOC hires BAML, Mizuho for natural gas pipelines deal –sources

15 Jul 2019

DUBAI, July 15 Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho to arrange the lease of its natural gas pipeline assets, sources familiar with the matter said, as the oil giant establishes new partnerships in an era of lower oil prices.

Tanker attacks near UAE expose weaknesses in Gulf Arab security

15 May 2019

RIYADH/DUBAI Attacks on Saudi tankers and other vessels off the coast of the United Arab Emirates this week expose vulnerabilities in the security of a key oil-shipping route amid rising tensions between the United States, Iran and Gulf Arab states.

Bahrain's Bapco sees oil trading opportunities as it expands refinery

10 Mar 2019

DUBAI Bahrain plans to commission its expanded oil refinery by early 2023, allowing it to sell and trade more petroleum products in the Gulf region and Asia, the chief executive of state-owned oil company Bapco said.

Bahrain's Bapco sees oil trading opportunities as it expands refinery

10 Mar 2019

DUBAI, March 10 Bahrain plans to commission its expanded oil refinery by early 2023, allowing it to sell and trade more petroleum products in the Gulf region and Asia, the chief executive of state-owned oil company Bapco said.

EU sugar industry needs consolidation -Cristal Union

11 Feb 2019

DUBAI, Feb 11 The European Union's sugar industry needs to consolidate to contend with the sharp fall in prices since the end of production quotas in 2017, the chief executive of French producer Cristal Union said on Monday.

Dreyfus expects faster switching between sugar, ethanol in Brazil

11 Feb 2019

DUBAI Commodities trading firm Louis Dreyfus expects faster switching between sugar and ethanol production in Brazil, with more flexible mills leading to "dramatic" price-driven shifts.

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