OPEC+ agreement | Egypt Oil & Gas

Saudi, Iraq Confirm Commitment to OPEC+ agreement

Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman Al Saud, and Iraq’s Oil Minister, Ihsan Abdul Jabbar Ismail, had a phone call to discuss the issue of compliance with the OPEC+ deal.

Saudi, Russia Agree to Extend Oil Cuts

Saudi Arabia and Russia have agreed to extend the existing oil cuts by another month and intend to ramp up pressure on non-compliant oil producing nations.

Iraqi Oil Exports Down to 3.44 mmbbl/d

Iraq’s total oil exports for April averaged 3.438 million barrels per day (mmbbl/d) and oil revenue more than halved to $1.42 billion.

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