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Rania El Gamal

Gulf oil producers to maintain output within OPEC target in July: sources

20 Jun 2019

DUBAI Gulf OPEC producers will keep their July oil production within their OPEC target despite the current global supply cut pact expiring at end of June, OPEC sources said on Thursday, a signal that the Gulf exporters are reluctant to boost supply.

Kuwait's KUFPEC eyes acquisitions as it boosts oil, gas output - CEO

20 Jun 2019

KUWAIT, June 20 Kuwait Foreign Petroleum Exploration Co. (KUFPEC) is looking for strategic acquisitions in the coming year and a half as it aims to boost its oil and gas production to 150,000 barrels of oil equivalent per day (boed) by 2020, the company's chief said.

OPEC wrangle over meeting date exposes deepening Saudi-Iran rift

19 Jun 2019

LONDON/DUBAI/MOSCOW OPEC's month-long wrangle over a date for its next meeting has highlighted a changing dynamic in the group with decisions increasingly driven by long-time leader Saudi Arabia in tandem with non-OPEC Russia, angering member states like Iran.

U.S. and Gulf allies face tough task protecting oil shipping lanes

15 Jun 2019

DUBAI The United States and its allies may need to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.

U.S. and Gulf allies face tough task protecting oil shipping lanes

14 Jun 2019

DUBAI The United States and its allies may need to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.

U.S. and Gulf allies face tough task protecting oil shipping lanes

14 Jun 2019

DUBAI The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.

UPDATE 8-Tanker attacks in Gulf of Oman stoke fears over conflict and oil

13 Jun 2019

* Attacks occur during Japanese prime minister's Iran trip (Adds Pompeo due to speak at 1815 GMT)

RPT-Algeria floats idea of larger OPEC+ oil cut, rollover still likely - sources

13 Jun 2019

LONDON/DUBAI, June 12 Algeria has floated an idea of increasing an oil supply cut by OPEC and its allies in the second half of 2019 as demand falters, OPEC sources said, although rolling over current output curbs is still the most likely scenario.

Algeria floats idea of larger OPEC+ oil cut, rollover still likely - sources

12 Jun 2019

LONDON/DUBAI, June 12 Algeria has floated an idea of increasing an oil supply cut by OPEC and its allies in the second half of 2019 as demand falters, OPEC sources said, although rolling over current output curbs is still the most likely scenario.

Exclusive: Kuwait oil minister sees balanced oil market towards end 2019

27 May 2019

DUBAI The oil market is expected to be in balance towards the end of 2019, as global inventories fall and demand remains strong, but OPEC's job is not done yet, Kuwait's oil minister told Reuters.

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