non-OPEC | Egypt Oil & Gas
OPEC Forecasts Lower Demand for Crude Oil
The Organization of Petroleum Exporting Countries (OPEC) forecasts a lower demand for its crude oil despite the global demand increase after the US-China trade deal, according to Reuters. OPEC has anticipated a declin...
Kuwait Urges Deepening OPEC Oil Cuts
Kuwait stated on the 24th of May that OPEC and non-member oil producers could deepen output cuts or extend them for a year as they seek to clear a global stocks overhang and prop up the price of crude, reported Channe...
OPEC Reaffirms Commitment to Production Cut
The Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC oil producers reaffirmed their commitment to oil production cut reached in 2016, Xinhua informed. According to Saudi Energy Minister, Khal...
Oman to Invest $1b in Oil, Gas in 2017
A whopping investment of $1b is being planned by Oman’s state investment arm, Oman Oil Company, and its subsidiaries to build various projects in the upstream and downstream sectors in 2017, Times of Oman reported. Th...
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, according to The Telegraph. Non-Opec oil producers are expec...
Non-OPEC Oil Supply Estimated to Decline in 2017
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) rece...
Qatar Energy Minister Predicts OPEC Oil Price Rebound
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 ...
Algeria Trying to Move OPEC and Other Oil Producers to Control Prices
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. “Th...Page 1 of 1
