Fatih Birol | Egypt Oil & Gas

OPEC 86% Compliant with Production-Cut Obligations

OPEC compliance with the oil-production agreement implemented in January between OPEC and major, non-OPEC oil producers is at 86%.

IEA: Iran to Add 500,000b/d of Oil from Existing Fields in 2016

Iran is expected to add 500,000b/d of oil supply within a year from its existing oilfields, but developing new fields would take time, the Head of the International Energy Agency (IEA), Fatih Birol, said.

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