freeze | Egypt Oil & Gas
GCC Members Seek to Revive Oil Output Deal
Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said to Reuters, but he added that Iran is not ready fo...
Kuwait Calls on Oil Production Freeze
The Kuwait’s Deputy Foreign Minister, Khaled Jarallah, stressed the importance of reaching a consensus among oil producing countries on an output ceiling to prop up crude prices, and he said that “There is...
Iran Rejects Again ‘Self-Sanctioning’ Oil Freeze Plan
Iran’s Oil Minister, Bijan Zangeneh, said the country is still determined to increase its oil production to as high as 4m b/pd, stressing that Tehran will only negotiate over joining the oil freeze plan when that targ...
IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible
The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to “pump as much oil as possible.” Ahead of ...
Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting
Crude oil prices jumped on 12th April and closed at 2016 highs after reports that Saudi Arabia and Russia have reached an agreement on an oil-production freeze, Business Insider informed. West Texas Intermediate crude...
Latin America Calls for Steps to Improve Oil Prices
Latin American oil producers, including main exporters such as Venezuela, Colombia, Ecuador, and Mexico, asked to take the necessary steps to stabilize the global crude market in a bid to improve prices for the benefi...
Russian Oil Output Hits Record, Oil Freeze in Doubt
Russia’s oil output set a post-Soviet high in March. The production of crude and a light oil, called condensate, climbed 2.1% from a year earlier to 10.912mb/d, according to the Energy Ministry. The amount narrowly be...
Ecuador Calls on Colombia, Mexico to Freeze Oil Output
Ecuador is lobbying fellow Latin American oil exporters, Colombia and Mexico, to freeze crude production as part of a broad price-boosting effort that would be cemented at an April 17th meeting of OPEC and non-OPEC pr...
