global oil supply | Egypt Oil & Gas

Saudi Energy Says Global Oil Cuts to Exceed 19 mmbbl/d

Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, opines that global oil cuts will amount to 19.5 million barrels per day (mmbbl/d) with the OPEC+ cuts and G20 pledges.

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.

OPEC Chief Calls for Global Cooperation

OPEC Secretary General, Abdullah al-Badri, has called on all oil-producing countries to cooperate in attempts to tackle oil oversupply and remedy global oil price slide, while allowing new investments to pour into th ...

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