Cut | Egypt Oil & Gas - Part 2
India to Cut Iranian Oil Imports
India will cut Iranian oil imports is an attempt to push Iran to provide concessions on the Farzad B field.
UAE Boosts OPEC Production Cut in March
UAE’s production cut has boosted OPEC’s compliance with its oil-output-cutting deal to a record high of 95%.
Southern Iraq Exports 3.163mb/d of Oil in March
Iraq’s March production has been reduced by more than its share of 210,000b/d from its southern fields, while northern production has been reduced by around 30,000-40,000b/d so far in March from February.
Algeria Supports Extension of OPEC Deal
Algeria’s Energy Minister, Noureddine Boutarfa, announced the country’s support in extending global oil production cuts beyond June. Other countries have also added their support for a possible extension, including V ...
OPEC Reaffirms Commitment to Production Cut
According to Saudi Energy Minister, Khalid al-Falih, oil market fundamentals were already improving after the agreement, and oil prices are up more than 10% since the output curb deal was struck in November 2016, sta ...
Angola Cuts Output Following OPEC Deal
Angola has become the latest OPEC member to announce the beginning of production cuts. Output was cut by 78,000b/d to 1.673mb/d.
Zambia Cut Fuel Prices
Zambia's retail fuel prices fell early January due to subdued oil prices. The cut came after President Edgar Lungu said he expected to do so even as Brent crude climbed 13% in December 2016.
UK Oil and Gas Firms Plan to Cut More Jobs
About 32% of UK's oil and gas companies, more than four in 10, are planning to cut more jobs in 2016 in response to the downturn in the industry.
