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HuaweiBrent crude rose above $112 a barrel on Friday as civil unrest in Africa cut into oil supply.
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Authorities want to revive IPOs as a way to develop Qatar into a regional financial hub.
Saudi Oil Minister Ali Al Naimi said on Saturday he was “optimistic” regarding the outlook for the world oil market in 2014, which he expects to remain stable.
Venezuela on Monday floated the idea of raising gasoline prices, in one of the least expensive fuel markets in the world.
A Mexican Senate committee unveiled a proposal Saturday to reform the state-run oil sector, opening the door to private companies and investment for the first time in decades.
The prospect of a US-Iran diplomatic rapprochement, while remote, cannot be ruled out.
Egypt promised on Wednesday to pay $1.5 billion of the $6 billion it says it owes oil firms, hoping the announcement made at an investment conference will revive confidence in an economy battered by nearly three years of political upheaval.
Grant Smith, Wael Mahdi 
and Nayla Razzouk
Abu Dhabi produced 2.83 million barrels per day on average in September, up 6.8 per cent year-on-year, giving a big boost to nation’s revenue inflows and flooding the financial system with liquidity, according to a latest report by National Bank of Abu Dhabi (NBAD).
Group may need to cut supply later in 2014 as US shale oil rises