SINGAPORE: Top oil exporter Saudi Arabia on Monday shifted upwards from a price it has backed for around two years, saying oil at between $70 and $90 a barrel was comfortable for consumers.
Until now, Saudi Oil Minister Ali Al-Naimi had said the (...)
DUBAI/SINGAPORE: Middle East oil demand could grow by nearly 5 percent in 2010, outpacing a modest recovery in global energy demand as the world's top oil exporting governments continue spending petrodollars to boost economies, analysts said.
Oil (...)
SINGAPORE: Oil demand in wealthy countries has not improved much and the patchy state of global recovery could prompt OPEC to keep output steady at its next meeting, the International Energy Agency (IEA) said on Tuesday.
High distillate stocks in (...)
