OPEC non-OPEC production cuts | Egypt Oil & Gas
Iraqi Oil Production Hits Highest Level since 2017
Iraq’s crude oil production increased to 4.62 million per day (b/d) in July, as shown by the data of the State Oil Marketing Organization (SOMO), S&P Global reported. This the highest monthly figure for Iraq...
Saudi Oil Exports to China Hit Record Level
Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier, Bloomberg reported. Last ...
Saudi Arabia Renews Commitment to Output Cuts
The Saudi Minister of Energy, Khalid Al-Falih has discussed with his Russian counterpart the recent developments in global oil markets, Reuters reported. During the meeting, Al-Falih pointed out that Saudi Arabia will...
OPEC Production Hits 5-Year Low
The Organization of the Petroleum Exporting Countries (OPEC) output fell to a new five-year low in June, according to a Reuters survey. An increase in Saudi crude production did not offset the reduction in Iran and Ve...
OPEC+ Extends Oil Output Cut Agreement
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to extend the production cut agreement during their sixth ministerial meeting in Vienna on July 2, according to a pre... OPEC Extends Production Cuts to March 2020
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend oil production cuts until March 2020, during their meeting in Vienna on July 1. Meanwhile, forecasted oil demand growth for 2019 has be...
Saudi Arabia, Russia Agree on Extending OPEC+ Deal
Saudi Arabia and Russia have agreed to extend the deal sponsored by the Organization of Petroleum Exporting Countries (OPEC) to cut oil production by another six to nine months, according to Saudi Energy Minister Khal...
Russian Oil Output Rises to 11.15 M b/d
Russia’s oil production has increased during June 1-25 to an average of 11.15 million barrels per day (b/d), up from around 11.04 million b/d in June 1-10, Reuters reported. Russian oil output in May dropped to 11.11 ...
