global glut | Egypt Oil & Gas

Saudi Aramco Raises Crude Prices to Asia, USA and Northwest Europe

Saudi Arabia, the world’s largest oil exporter, raised pricing for July sales of all crude grades to Asia, the USA and Northwest Europe.

OPEC Oil Output to Reach Record High in July

The Organization of the Petroleum Exporting Countries' (OPEC) oil output is likely to reach its record in July. Supply from OPEC has risen to 33.41mb/d in July.

Non-Opec Producers Cutting Back Oil Output

Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance.

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