Oil prices rise on OPEC output cut compliance
Oil in OPEC
New york - Xinhua
Oil prices rallied on Friday after the Organization of the Petroleum Exporting Countries (OPEC) delivered more than 90 percent of the output cuts they pledged in an agreement last year.
OPEC crude production fell by one million barrels per day to 32.06 million barrels per day in January, leading to record initial compliance of 90 percent with the output agreement, said International Energy Agency in its oil market report released on Friday.
"Some producers, including Saudi Arabia, cut supply by more than required. Lower production was partly offset by higher flows from Libya and Nigeria, which are exempt from cuts," the report said.
The West Texas Intermediate for March Delivery added 0.86 dollars to settle at 53.86 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery increased 1.07 dollars to close at 56.70 dollars a barrel on the London ICE Futures Exchange.
Source: Xinhua
- Thursday ,28 September GMT 22:18 2017 Kuwait expects to seal new deals to supply oil to Chinese buyers
- Thursday ,28 September GMT 14:31 2017 Iraqi PM’s office says Turkey agrees to deal only with Baghdad on oil exports
GMT 18:02 2017 Wednesday ,18 October
Early glance at the World Oil OutlookGMT 23:02 2017 Friday ,13 October
Oil-rich S. Sudan faces fuel shortage as ‘people suffer’GMT 22:06 2017 Tuesday ,03 October
Saudi Arabia opens bid for ‘utility scale’ solar projectGMT 22:18 2017 Thursday ,28 September
Kuwait expects to seal new deals to supply oil to Chinese buyersGMT 14:31 2017 Thursday ,28 September
Iraqi PM’s office says Turkey agrees to deal only with Baghdad on oil exports
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 07:32 2017 Friday ,11 August
Venezuela clamps down on opposition politicians
GMT 08:39 2017 Tuesday ,15 August
Hundreds join silent London march for fire victims
GMT 21:36 2017 Monday ,10 April
Awqaf minister condemns Mar Gerges Church blast in Tanta
GMT 10:19 2017 Saturday ,08 April
Google adds 'fact check' to global search results
GMT 16:43 2018 Thursday ,04 January
US should clear way for tech companies to help Iranians
GMT 11:35 2017 Monday ,27 November
HM King thanked by Armenian president HM King thanked by Armenian president
GMT 14:38 2016 Monday ,10 October
Batterjee Medical College event highlights Kingdom’s Vision 2030
GMT 16:00 2017 Tuesday ,10 October
Macron says 'confident' Catalonia crisis to be resolved peacefully
GMT 08:51 2017 Friday ,13 October
Etzebeth to lead Springboks on European tour
GMT 11:46 2017 Saturday ,22 July
Philippines to extend martial law in south to year end
GMT 13:54 2017 Saturday ,25 November
Electricity Minister receives UN Resident Coordinator
GMT 12:55 2017 Wednesday ,18 October
Cowabunga Adam! Great Scott makes waves in Korea
GMT 22:09 2017 Thursday ,17 August
Driver in Barcelona van attack still on the run: police
GMT 14:50 2017 Wednesday ,01 November
Oldest, most iconic drinking fountain in Kuwait
GMT 09:24 2017 Wednesday ,06 December
Canada and China hail ties
GMT 18:35 2016 Thursday ,06 October
Sisi bestows Order of Honor Star on Sudan’s Bashir
GMT 23:26 2016 Wednesday ,29 June
Still aiming to resume Syria peace talks in July
GMT 23:36 2017 Sunday ,19 February
Police probe stabbing at Toronto military centre for terror
GMT 22:13 2014 Friday ,31 October
NBB posts 42.16m Bahraini dinar net profits
GMT 08:58 2017 Saturday ,17 June
UN agency fears for African migrants held by gang in Libya
GMT 09:34 2016 Tuesday ,20 December
Electoral College seals Trump White House win
GMT 20:15 2017 Tuesday ,06 June
Myanmar's edible bird nest industry comes home to roost
GMT 09:26 2014 Wednesday ,15 October
US losing to ISIS in race against time
GMT 08:52 2011 Monday ,19 September
The Israeli Embassy and Syrian state televisionGMT 19:01 2012 Sunday ,15 July
Treimsa: From remote village to Syria killing zone
GMT 20:58 2017 Monday ,03 April
Fatah official pins hope on visits of Sisi, Jordanian king to Washington
GMT 10:57 2016 Tuesday ,20 September
China to unveil steel merger plans this week
GMT 16:40 2017 Monday ,06 March
FM: No refugee camps in Egypt
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
