OPEC non-OPEC production cuts | Egypt Oil & Gas - Part 3
Decision on OPEC Output Deal Expected in June
The Organization of Petroleum Exporting Countries (OPEC) and its allies will not determine their output policy in April to reconsider the full impacts of their production cuts on the market, three sources reportedly t...
OPEC Oil Output Decreases in January 2019
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.... OPEC Reduces Oil Production in December 2018
The Organization of Petroleum Exporting Countries (OPEC) declined oil production in December 2018, ahead of an official plan to reduce oil inventories and increase the prices, Pipeline Oil and Gas Magazine reported. I...
Algeria to Reduce Oil Output as Part of OPEC Deal
Algeria has reduced its oil output by around 24,000 to 25,000 barrels per day (b/d) starting from January 1 according to The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC agreement, state-controlle...
Energy Market to Achieve Balance: UAE Energy Minister
Suhail Al-Mazrouei, UAE Energy Minister, said on January 1 that he is optimistic about achieving market balance during Q1, 2019, Reuters reported. Al-Mazrouei based his viewpoint on the decision of extending oil produ...
OPEC Secretary-General: Oil Consumption to Hit 100M b/d This Year
Global oil demand is expected to reach 100 million barrels per day (b/d) later this year, much earlier than previously expected, OPEC Secretary-General Mohammad Barkindo stated on September 5, Reuters reported. Barkin...
