OPEC+ Compliance Reaches 95% in July

• Tuesday, 18th August 2020
• by Editorial Team

Compliance with the Organization of the Petroleum Exporting Countries and allies’ (OPEC+) oil cuts has been assessed to be at a range of 95%-97% in July as demand shows signs of recovery, according to Reuters. Complia...

Kazakhstan to Compensate for May Overproduction 

• Wednesday, 10th June 2020
• by Editorial Team

Kazakshtan’s Energy Minister, Nurlan Nogayev, has confirmed that Kazakhstan will offset overproduction in May by lowering output in August and September, according to Reuters. It has been confirmed that Kazakhstan exc...

OPEC Agrees to Prolong Record Oil Production Cuts to July

• Sunday, 7th June 2020
• by Editorial Team

The Organization of the Petroleum Exporting Countries (OPEC) held its 11th ministerial meeting on June 6 and agreed to extend record oil production cuts until the end of July, according to a press release.  The OPEC m...