Kuwait Favors an OPEC Output Cut Extension

• Wednesday, 15th March 2017
• by 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.

Kuwait Eyes 3.65mb/d in Crude Output by 2021

• Sunday, 19th February 2017
• by Mariana Somensi

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 oversu ...

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 in A ...

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% to $341b, down for the third straight year and possibly the lowest in more than a decade.