Freeze plan
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Kuwait Favors an OPEC Output Cut Extension
Wednesday, 15th March 2017
Kuwait wants the Organization of Petroleum Exporting Countries (OPEC) to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market. -
Kuwait Eyes 3.65mb/d in Crude Output by 2021
Sunday, 19th February 2017
Kuwait is persistent to pursue its plans to add 0.5mb/d of oil production capacity to its national output as it prepares for the eventual expiration of the output quotas OPEC had adopted to help drain a global oversupply. -
Iran to Abide by September Oil Production Cap Deal
Wednesday, 30th November 2016
Iran's Oil Minister, Bijan Zanganeh, said that the country was prepared to leave its oil production at levels that the Organization of the Petroleum Exporting Countries (OPEC) had agreed at its September meeting in Algeria. -
OPEC Revenues to Fall 15% in 2016
Sunday, 19th June 2016
OPEC's 2016 oil export revenues will probably fall 15% to $341b, down for the third straight year and possibly the lowest in more than a decade.
Latest News
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UOG Records 24% Increase in Abu Sennan Reserves
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Egypt to Establish a $100 MM Bioethanol Company
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El Molla Participates in UN’s ECOSOC Forum
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Enppi's Contracts Jump 50% in 2020
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 62.87 | -0.44% |
Crude Oil (Brent) Brent | USD/bbl | 66.33 | -0.38% |
NYMEX Natural Gas | USD/MMBtu | 2.60 | -0.69% |
OPEC Basket Price | USD/bbl | 61.87 | +0.67% |
Last Modified April 15, 2021