Freeze plan

  • Kuwait Favors an OPEC Output Cut Extension

    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

    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

    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

    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.