oil supply

  • GCC Countries Cooperating to Stabilize Oil Market

    GCC Countries Cooperating to Stabilize Oil Market

    Tuesday, 21st May 2019

    Arabian Gulf countries are working to strengthen their coordination in supplying crude oil to global markets, especially amidst increased regional tensions.

  • Aramco to Boost Oil Supply to Europe

    Aramco to Boost Oil Supply to Europe

    Wednesday, 15th May 2019

    Saudi Aramco plans to expand its trading operations in Europe by increasing oil supply by 300,000 barrels per day (b/d) over the next two years.

  • OPEC to Agree Oil Supply Monitoring Mechanism: Kuwait Minister

    OPEC to Agree Oil Supply Monitoring Mechanism: Kuwait Minister

    Monday, 27th August 2018

    OPEC and non-OPEC petroleum producing countries will agree to introduce a mechanism for monitoring crude oil production before the end of 2018, Kuwaiti Oil Minister Bakheet Al-Rashidi stated.

  • Oil Shortage Might Lead to Investments, Discoveries Decline

    Oil Shortage Might Lead to Investments, Discoveries Decline

    Tuesday, 11th July 2017
    The world might face an oil supply shortage following a steep drop in investments and a scarcity of fresh conventional discoveries, Saudi Aramco's CEO, Amin Nasser, stated.
  • OPEC will not Rush into Further Output Cuts

    OPEC will not Rush into Further Output Cuts

    Thursday, 29th June 2017
    OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits.
  • OPEC, Russia Shielding Asia from Supply Cuts

    OPEC, Russia Shielding Asia from Supply Cuts

    Thursday, 2nd February 2017
    OPEC and Russia are shielding Asia from supply cuts agreed in a landmark deal in 2016 as they fight to protect their share of the world's biggest and fastest growing oil market.
  • Zimbabwe to Import Fuel for High Demand Season

    Zimbabwe to Import Fuel for High Demand Season

    Thursday, 15th December 2016
    The Reserve Bank of Zimbabwe (RBZ) has signed a deal with local petroleum giant, Sakunda Holdings, for the importation and supply of fuel in the country.
  • OPEC Output at Record High in June

    OPEC Output at Record High in June

    Monday, 4th July 2016
    The Organization of the Petroleum Exporting Countries' (OPEC) oil output has risen in June to its highest in recent history as Iran and the Gulf member states boosted their oil supply.
  • Iran in Talks with Shell over Oil Supply to South Africa

    Iran in Talks with Shell over Oil Supply to South Africa

    Thursday, 14th April 2016
    Iran will provide oil needed for some Shell refineries in South Africa once an agreement has been made, National Iranian Oil Company's (NIOC) International Affairs Director, Mohsen Qamsari, said, announcing that talks are underway between Iran and the British company.
  • UAE Supports OPEC Oil Policy

    UAE Supports OPEC Oil Policy

    Monday, 7th December 2015
    The United Arab Emirates expressed support for OPEC in maintaining stable, cost effective, and efficient crude supplies, UAE's Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei said at the OPEC summit in Vienna.