Ali Al-Naimi will be addressing US wildcatters and executives at the annual IHS CERAWeek conference in Houston tomorrow
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Iran quashes calls to freeze oil production
Petroleum Minister Bijan Zangeneh insists Islamic Republic will not give up its oil production quota, after meeting his Iraq, Venezuela and Qatar counterparts
Saudi, Russia agree to freeze oil production
Saudi Oil Minister Ali Al-Naimi says his country, along with Russia, Qatar and Venezuela have agreed to hold output at January level; talks with Iran, Iraq to follow
Dana Gas sees Q4 2015 profit on arbitration gain
Dana Gas made a net profit of $134.2mn in the three months to December 31, compared with a loss of $4mn in the prior-year period
OPEC points to larger oil surplus in 2016
OPEC, in its monthly report, indicates supply will exceed demand by 720,000 bpd in 2016, up from 530,000 bpd implied in the previous report
Exclusive interview: Basra bouncing back
In his first interview since announcing plans to establish a company to foreign investment to Basra, Ali Al Faris, chairman of Oil and Gas Committee at Basra Council speaks to Oil & Gas Middle East
Halliburton suffers to $666mn net loss in 2015
Halliburton said in October it had cut about 18,000 jobs, or 21% of its workforce, since the downturn began
Oman crude may head to US in rare arbitrage
Several oil-trading sources have said that US refiner Koch may have fixed a tanker to ship 2mn barrels of Omani crude to the US Gulf Coast
Venezuela requests for emergency OPEC meeting
The letter for such a meeting, amid falling oil prices, was sent to the 12 other members of the Organisation of Petroleum Exporting Countries
Saudi Arabia keeps Feb crude supply to Asia steady
The move was expected as the OPEC kingpin has supplied full contractual volumes to most Asian buyers since late 2009