OPEC Oil Output Increased Significantly in June, According to a Reuters Survey

• Friday, 3rd July 2026
• by Tarek Abdallah

The Organization of the Petroleum Exporting Countries (OPEC) raised production by 3.3 million barrels per day (bpd) compared to May, reaching a total of 19.43 million bpd. This rise followed a period of reduced output...

OPEC Mulls Deeper Output Cuts in 2021

• Wednesday, 4th November 2020
• by Editorial Team

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are looking into the possibility of further cuts early next year in an effort to try and revitalize the oil market, according to Reuters. Th...

Russia to Curb Oil Production in Siberia by 15%

• Wednesday, 13th May 2020
• by Editorial Team

Russia’s top producing oil region in Western Siberia is expected to cut production by 15% in line with the OPEC+ cuts, according to Reuters.  Sergei Filatov, head of the regional government’s natural resources departm...

UAE to Voluntary Cut Production by 2.5% in June

• Tuesday, 12th May 2020
• by Editorial Team

The United Arab Emirates (UAE)’s Minister of Energy, Suhail bin Mohammed Faraj Faris Al-Mazrouei, announced that the UAE will voluntarily cut its oil output by 2.5% (100,000 barrels per day (bbl/d)) in June to rebalan...

Egypt Participates in OPEC+ Meeting

• Sunday, 12th April 2020
• by Editorial Team

The Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in the Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting on reducing oil supplies in the global oil market t...