Norway Cuts Production by 120,000 bbl/d in July

• Tuesday, 25th August 2020
• by Editorial Team

Norway’s government has released the official production figures for the Norwegian Continental Shelf in July, showing a 120,000 barrels of oil per day (bbl/d) reduction compared to the reference production.

Kuwait to Voluntarily Further Reduce Production by 80,000 bbl/d

• Wednesday, 13th May 2020
• by Editorial Team

Kuwait’s oil minister, Khaled Al-Fadhel, announced that Kuwait will support the Kingdom of Saudi Arabia’s efforts to restore stability to oil markets by cutting production by 80,000 barrels per day (bbl/d).

OPEC to Extend Production Cuts Until Year- End

• Sunday, 26th January 2020
• by Editorial Team

The Organization of the Petroleum Exporting Countries (OPEC) could extend its oil production cuts until the end of 2020.

Aramco, Sempra Deal Indicates Saudi Commitment to Output Cuts

• Thursday, 23rd May 2019
• by Editorial Team

Saudi Aramco’s deal with Sempra Energy, a US gas export project, indicates the Kingdom’s commitment to continue supporting oil production cuts.

OPEC Oil Output Decreases in January 2019

• Sunday, 3rd February 2019
• by Editorial Team

The Organization of the Petroleum Exporting Countries (OPEC) has reduced its oil production in January 2019 by 890,000 barrels per day (b/d).

S. Arabia Cut Oil Output by 486,000b/d

• Sunday, 8th January 2017
• by Egypt Oil & Gas

Saudi Arabia has cut its crude-oil production by at least 486,000b/d since October, bringing the world’s largest exporter of petroleum swiftly into line with OPEC’s deal to raise prices.