LONDON:
Rising US shale oil production will help meet most of the world’s new oil demand in the next five years, even if the global economy picks up steam, leaving little room for the Organization of the Petroleum Exporting Countries (Opec) to lift output without risking lower prices, the West’s energy agency said.

MANAMA:
The Middle East is facing a double dilemma over the global competitiveness for oil in the future, said experts at a panel discussion held by the International Institute for Strategic Studies (IISS) – Middle East in Bahrain.

LONDON:
A European investigation into alleged price rigging by major oil companies has drawn attention to leading price agency Platts and the way it sets oil price benchmarks.

DOHA:
State-owned Qatar Petroleum (QP) plans to offer shares in four of its units in coming years, said Hussain Al Abdulla, executive board member of Qatar Holding, the investment arm of the country’s sovereign wealth fund.