OPEC Allows Oil Production Increase by 0.4 mmbl/d in February

• Wednesday, 5th January 2022
• by Fatma Ahmed

During the Organization Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting (ONOMM), the members reaffirmed their decision to adjust the monthly oil production by 0.4 million barrels per day (mmb ...

OPEC Forecasts Lower Demand for Crude Oil

• Monday, 20th January 2020
• by Editorial Team

The Organization of Petroleum Exporting Countries (OPEC) forecasts a lower demand for crude oil despite the increase in global demand after a US-China trade deal.

Kuwait Urges Deepening OPEC Oil Cuts

• Thursday, 25th May 2017
• by Sarah Samir

OPEC and non-member oil producers could deepen output cuts or extend them for a year.

OPEC Reaffirms Commitment to Production Cut

• Wednesday, 8th March 2017
• by Editorial Team

According to Saudi Energy Minister, Khalid al-Falih, oil market fundamentals were already improving after the agreement, and oil prices are up more than 10% since the output curb deal was struck in November 2016, sta ...

Oman to Invest $1b in Oil, Gas in 2017

• Tuesday, 31st January 2017
• by Editorial Team

State-held Oman Oil Company plans to invest $1b in developing various upstream and downstream projects.

Non-Opec Producers Cutting Back Oil Output

• Tuesday, 17th May 2016
• by Egypt Oil & Gas

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

Non-OPEC Oil Supply Estimated to Decline in 2017

• Monday, 8th February 2016
• by Egypt Oil & Gas

Oil supply from non-OPEC countries is forecast to decline to 56.4mb/d in 2017 due the global oil prices drop and in result of which, OPEC will have to boost its production by 2020, a Bank of America's (BoA) recently ...

Qatar Energy Minister Predicts OPEC Oil Price Rebound

• Tuesday, 13th October 2015
• by Egypt Oil & Gas

US News & World Report cited Qatar's Energy and Industry, Minister Mohammed bin Saleh al-Sada as saying that oil prices have bottomed out ahead of an expected meeting of OPEC members and other oil producers later thi ...

Algeria Trying to Move OPEC and Other Oil Producers to Control Prices

• Monday, 24th August 2015
• by Egypt Oil & Gas

Informed sources told the Wall Street Journal that Algerian Oil Minister Salah Khebri had written to OPEC warning that a new drop in oil prices may warrant fresh discussions over the organization's strategy.