global oil supply

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

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

    Tuesday, 14th April 2020

    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

    OPEC Oil Output to Reach Record High in July

    Saturday, 30th July 2016
    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 Chief Calls for Global Cooperation

    Tuesday, 26th January 2016
    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 the industry. Al-Badri has blamed non-OPEC countries for the global oil glut.