Kuwait Favors an OPEC Output Cut Extension

• Wednesday, 15th March 2017
• by Dr. Mahinaz El-Baz

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, Bloomberg rep...

Kuwait Eyes 3.65mb/d in Crude Output by 2021

• Sunday, 19th February 2017
• by Editorial Team

Kuwait is sticking with 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, the He...

Iran to Abide by September Oil Production Cap Deal

• Wednesday, 30th November 2016
• by Egypt Oil & Gas

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...

OPEC Revenues to Fall 15% in 2016

• Sunday, 19th June 2016
• by Egypt Oil & Gas

OPEC’s 2016 oil export revenues will probably fall 15%, about $341b in 2016, compared to 2015 levels, based on projections of global oil prices and the group’s production levels, Reuters wrote. Oil revenue...