ABU DHABI:
The Abu Dhabi Oil Refining Company, known as Takreer, signed agreements worth $9.6 billion with four Korean companies to double its oil refining capacity.

KHOBAR:
Saudi Arabia’s oil production is still down compared with 2008, having fallen in 2009, state oil company Saudi Aramco’s chief executive was reported as saying.

KHOBAR:
Four companies are bidding for a seismic survey in the Red Sea for state oil giant Saudi Aramco, industry sources said.

LONDON:
Crude oil is trading within a narrow band of $78 a barrel to $80 a barrel, focusing attention on whether the market is likely to break out of that range.