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  • DOHA, May 10- Qatar Airways has delayed the launch of the world's longest direct flight-- from Doha to Auckland, New Zealand-- by two months because of the late delivery of Airbus A350s, an airline spokeswoman told Reuters. Qatar Airways increased pressure on Europe's Airbus over aircraft reliability last month, saying it had some "issues" with the A350 passenger jet...

  • LONDON, May 9- The appointment of Khalid al-Falih as Saudi Arabia's new energy minister to replace veteran oil minister Ali al-Naimi is likely to bring a big shift in style even if the substance of policy remains largely unchanged. Saudi Arabia has had just five ministers in charge of oil policy since 1960. Naimi was identified with the previous administration...

  • Saudi Oil Minister Ali Ibrahim Al-Naimi in Doha, Qatar.

    The end of Ali al-Naimi's more than two-decade tenure as Saudi Arabia's oil maestro signals a new era for OPEC, analysts said.

  • LONDON/ BENGALURU, May 4- The New York Stock Exchange's owner shelved plans on Wednesday to gatecrash a merger between London Stock Exchange Group Plc and its German counterpart, saying it no longer intended to stage a rival bid for the British bourse. Intercontinental Exchange Inc's CEO Jeffrey Sprecher accused the London exchange of failing to respond to the...

  • MOSCOW, May 2- Russian oil output fell slightly to 10.84 million barrels per day in April, Energy Ministry data showed on Monday, as production declined at large energy firms Lukoil, Gazprom Neft and Gazprom. At a meeting in Doha last month, crude producers including Russia failed to clinch a deal to freeze output, which suggests the battle for market share will...

  • *Qatar wants to join powerful VW executive committee- sources. FRANKFURT/ BERLIN, April 29- Frustrated with the pace of reform at Volkswagen, shareholder Qatar has asked the carmaker for a seat on the company's executive committee, a request that has met with substantial opposition, two sources familiar with the matter said on Friday. Creating a new seat for Qatar-...

  • *Commodity market fundamentals have not improved yet. LONDON, April 29- The rapid speculative rally in commodity markets is already petering out as focus returns to oversupplied markets, but dipping into a few choice assets could yield strong returns later this year. "Fundamentals haven't improved yet, supply and demand haven't balanced out," said Standard Life...

  • CARACAS, April 26- Venezuela has proposed that non- OPEC oil producers attend the group's June meeting in Vienna to continue "dialog and coordination," according to a letter from the South American country's oil minister to the Qatari energy minister, who is also the current OPEC president. A deal to freeze oil output by OPEC and non- OPEC producers fell apart in Doha...

  • *Saudis, Iran may ramp up output in race for customers. LONDON, April 26- Oil prices rose on Tuesday, boosted by expectations that demand could grow quickly enough to match supply this year, although concern over a potential battle for market share between Saudi Arabia and Iran limited gains. However, some analysts warned it was too early to call an end to the crude...

  • *Saudis, Iran may ramp up output in race for customers. LONDON, April 26- Oil prices rose on Tuesday, boosted by a weaker dollar and by expectations that demand could grow quickly enough to match supply this year, although concern over a potential battle for market share between Saudi Arabia and Iran limited gains. Front-month Brent crude futures were up by 59 cents...

  • *Saudis, Iran may ramp up output in race for customers. SINGAPORE/ LONDON, April 26- Crude futures edged up on Tuesday due to a weaker dollar and hopes for an easing of the global oil glut, although gains were capped by concerns that a battle for market share between Saudi Arabia and Iran could intensify further. Front-month Brent crude futures traded at $44.75 per...

  • *Saudis, Iran may ramp up output in race for customers. SINGAPORE, April 26- Crude oil futures dipped on Tuesday as analysts warned of an intensifying producer race between Saudi Arabia and Iran, wiping out earlier price gains that came from a weaker dollar and a flood of new cash into the market. And while BP's chief executive Bob Dudley said on Tuesday that "robust...

  • DUBAI, April 23- Iran's oil minister said on Saturday that last week's Doha meeting to freeze oil production, despite its failure, was a positive step and Iran would support any plan to stabilise the market. "Doha meeting was not fruitful but we see it as a positive step as it initiated negotiations between OPEC and non- OPEC member countries and showed to the main oil...

  • Deputy Crown Prince of Saudi Arabia Mohammad bin Salman Al Saud attends the GCC-Morocco Summit in Riyadh, Saudi Arabia, on April 20, 2016.

    Saudi Arabia's 30-year-old deputy crown prince's ambitious economic "vision" to diversify the economy could include 5 million new jobs.

  • *More output seen from Russia, Iran, Saudi Arabia and Libya. NEW YORK/ LONDON, April 21- Oil prices fell 3 percent on Thursday, pausing after a two-day rally, after producers from Russia to Saudi Arabia and Iran to Libya hinted at more output amid growing U.S. crude stockpiles. IEA chief Fatih Birol said low oil prices had cut investment by about 40 percent in the past two...

  • *Oil market is turning, Doha or no Doha- Badri. PARIS, April 21- Oil-producing nations will discuss an oil output freeze at OPEC's meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices despite the collapse of talks on a deal in Doha. But it fell apart on Sunday in Doha after Saudi Arabia insisted Iran took part,...

  • TOKYO, April 21- Asian shares held near 5-1/ 2- month highs on Thursday as oil prices rallied over 4 percent overnight thanks to a smaller than expected increase in U.S. crude inventories and abiding hopes that producers may eventually agree ways to ease a global glut. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent while Japan's...

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent while Japan's Nikkei gained 2.0 percent. Oil bulls also bet that major crude producers would meet again to try to curtail output even as Moscow denied media reports that Russia planned to host such a meeting. Just on Sunday, Russia and OPEC nations failed to reach an agreement on...

  • CARACAS, April 20- Venezuela's proposal "for now" is that non- OPEC producers who participated in the recent Doha meeting to try to address a global oil glut attend a June OPEC meeting as observers, the South American country's oil minister said on Wednesday. "And we can renew discussions," Eulogio Del Pino told Reuters. "I anticipate that, without a deal, prices from now...

  • NEW YORK, April 20- Oil prices jumped on Wednesday as government data showed U.S. crude stocks rose slightly less than expected last week, while the U.S. dollar advanced against the euro ahead of Thursday's European Central Bank meeting. Moscow, however, denied media reports that Russia planned to host such a meeting. Last weekend, Russia and OPEC nations failed to...