Cut | Egypt Oil & Gas - Part 2
India to Cut Iranian Oil Imports
India declared it will cut oil imports from Iran in 2017/2018 by a fifth from 240,000b/d to be 190,000b/d, Reuters reported, citing sources familiar with the matter. As informed by Press TV, the measure is an attempt ...
UAE Boosts OPEC Production Cut in March
Oil output from the Organization of Petroleum Exporting Countries (OPEC) is likely to fall for a third consecutive month in March as the United Arab Emirates (UAE) made progress in reducing oil supplies, The News repo...
Southern Iraq Exports 3.163mb/d of Oil in March
Crude oil exports from South Iraq has averaged 3.163mb/d in March due to bad weather and lower production related to field maintenance, Reuters reported. Furthermore, the second biggest producer at the Organization of...
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, Times of Oman reported. According to the minister, the strategy is succeeding in red...
OPEC Reaffirms Commitment to Production Cut
The Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC oil producers reaffirmed their commitment to oil production cut reached in 2016, Xinhua informed. According to Saudi Energy Minister, Khal...
Angola Cuts Output Following OPEC Deal
Angola has become the latest OPEC member to announce the beginning of production cuts as part of the group’s deal to curtail production in a bid to lift oil prices, Oil Price reported. Angolan state oil company ...
Zambia Cut Fuel Prices
Zambia’s retail fuel prices fell early January due to subdued oil prices, Reuters reported. The cut came after President Edgar Lungu said he expected to do so even as Brent crude climbed 13% in December 2016. Ac...
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, Bank of Scotland (BoS) said in ‘Re-evaluating Strategies...
