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, according ...

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 a further 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, an OPEC source told TASS, the Russian News Agency, according to Oil Price. It is worth mentionin...

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, Bloomberg reported, citing Brookfield Asset Management Incorporation. Ara...

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), from December 2018, according to Reuters survey. OPEC has pumped around 30....

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, Oil and Gas People reported. S...