UAE Plans to Lift Oil Production Capacity in 2013

The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the current year, the country’s oil minister Mohammad Al-Hamli said Wednesday. You may like the following related posts Oil Prices Make a Comeback; Now Buy Property in Dubai Crude-oil futures rallied well […]

OPEC Oil Production climbs to 31.27 million barrels per day in February

Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) climbed by 400,000 barrels per day (b/d) to 31.27 million b/d in February from 30.87 million b/d in January, the highest volume from the 12 producing countries since the autumn of 2008, a Platts survey of OPEC and oil industry officials and analysts […]

OPEC likely to increase oil production

OPEC oil ministers are set to hold a regular ministerial meeting in Vienna on June 8, to mull the market’s supply and demand and a possible new output ceiling. The Organization of the Petroleum Exporting Countries should take a decision to increase its oil production, in order to meet higher demand expected in the second […]