Edition:
United Kingdom

Rania El Gamal

Oil output from Saudi, Kuwait shared zone on hold as relations sour

1:19pm BST

DUBAI/LONDON Saudi Arabia and Kuwait will struggle to resume oil production from jointly operated fields any time soon due to operational differences and souring political ties between the previously close Gulf OPEC allies, sources familiar with the matter said.

Exclusive: Don't mention the oil price - U.S. legal threat prompts change at OPEC

8:30am BST

LONDON/DUBAI OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said.

Dubai's Dragon Oil plans $500 million in acquisitions in 2019: CEO

11 Oct 2018

DUBAI Dragon Oil, a subsidiary of Dubai's Emirates National Oil Company (ENOC), plans to invest about $500 million next year in oil and gas assets as part of an international expansion strategy, its chief executive told Reuters.

Baker Hughes acquires 5 percent of ADNOC Drilling for $550 million

08 Oct 2018

ABU DHABI/LONDON Baker Hughes, the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's (ADNOC) drilling unit for $550 million under a tie-up announced on Monday.

UPDATE 2-Baker Hughes acquires 5 pct of ADNOC Drilling for $550 million

08 Oct 2018

ABU DHABI/LONDON, Oct 8 Baker Hughes, the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's (ADNOC) drilling unit for $550 million under a tie-up announced on Monday.

Exclusive: Saudi Arabia, Russia agreed in September to lift oil output, told U.S.

04 Oct 2018

MOSCOW/DUBAI Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. | Video

EXCLUSIVE-Saudi Arabia, Russia agreed in Sept to lift oil output, told U.S.

03 Oct 2018

* Putin, Falih both say could raise output further (Adds comments from Putin, Falih and analysts)

EXCLUSIVE-Saudi Arabia, Russia agreed in Sept to lift oil output

03 Oct 2018

MOSCOW/DUBAI, Oct 2 Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said.

Warum Saudi-Arabien Angst vor einem Anti-Opec-Gesetz hat

03 Oct 2018

New York/Dubai Die höchsten Ölpreise seit vier Jahren lassen US-Politiker einen alten Plan aus der Schublade hervorholen: den No Oil Producing and Exporting Cartels Act, kurz Nopec.

Bill allowing U.S. to sue OPEC drawing renewed interest

02 Oct 2018

NEW YORK/DUBAI With oil prices hitting fresh four-year highs, long-dormant proposals to allow the United States to sue OPEC nations are getting a fresh look in Congress, though they were once considered a longshot to becoming law. | Video

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