Six Arab Countries Reassert Compliance to OPEC+ Deal

• Sunday, 9th August 2020
• by Fatma Ahmed

The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain re-affirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets, according to ...

UAE Commits to OPEC Oil Production Cut Agreement

• Sunday, 3rd November 2019
• by Editorial Team

The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC) and its allies OPEC+, Amwal Alghad reported ...

OPEC Reduces Oil Production in December 2018

• Monday, 21st January 2019
• by Editorial Team

The Organization of Petroleum Exporting Countries (OPEC) declined oil production in December 2018, ahead of an official plan to reduce oil inventories and increase the prices, Pipeline Oil and Gas Magazine reported. I...

OPEC Expected to Agree Production Cuts

• Monday, 19th November 2018
• by Editorial Team

The Organization of the Petroleum Exporting Countries (OPEC) are expected to agree oil production cuts starting from December, sources told Reuters. OPEC members are apparently keen on cutting oil production by around...

Kuwait, Oman Cut Oil Output per OPEC Deal

• Wednesday, 4th January 2017
• by Egypt Oil & Gas

Kuwait Oil Company’s CEO, Jamal Jaafer, said that OPEC member Kuwait has cut output by 130,000b/d to about 2.75mb/d. While, the Omani Oil Ministry’s Director of Marketing, Ali Al-Riyami, said that Oman was to cut 45,0...