UAE Oil Output Capacity Reaches 4.2 mmbbl/d in April
The UAE, OPEC’s third largest producer, recorded a daily production of 4.2 million barrels of oil per day (bbl/d) in April before the record OPEC+ agreement.
OPEC cuts | Egypt Oil & Gas - Part 2
Russia to Decrease July Oil Exports After Rise in Domestic Demand
Russia is set to further reduce its overseas supply of Urals Crude oil in July due to an unexpected spike in domestic demand as COVID-19 restrictions ease.
Norway Not to Extend Oil Output Cut in July
Europe’s largest oil producing nation, Norway, has no plans to further extend the record OPEC+ production cuts in July due to economic reasons.
Oman to Slash July Output by 200,000 bbl/d
Oman has announced that it is to dramatically reduce the Sultanate’s oil production by 200,000 barrels of oil per day (bbl/d) in July to comply with the record oil cuts that were extended for another month.
OPEC Agrees to Prolong Record Oil Production Cuts to July
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend record oil production cuts until the end of July.
Russia’s Oil Production Nearing Compliance with OPEC+ Cuts
Russia’s oil production fell to between 8.59 - 8.69 million barrels per day (mmbbl/d) in May, nearing Moscow’s previous pledge of reducing production to 8.5 mmbbl/d.
KPC to Coordinate with Clients Concerning Oil Cuts
Kuwait Petroleum Corporation (KPC) is set to cooperate with clients in international markets in an effort to cut its supply of Kuwaiti crude oil in accordance with OPEC oil cuts.
