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 reconfirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets.

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).

OPEC Reduces Oil Production in December 2018

• Monday, 21st January 2019
• by Editorial Team

In December 2018, the output declined by 751,000 barrels per day (b/d), reaching 31.58 million b/d.

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.

Kuwait, Oman Cut Oil Output per OPEC Deal

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

Inline with OPEC's production reduction agreement, Kuwait has cut output by 130,000b/d to about 2.75mb/d. While, Oman was to cut 45,000b/d from its 1.01mb/d.