Oil Prices Surge as Iran Sanction Waivers End

• Monday, 22nd April 2019
• by Mai El Ghandour

The US will no longer be giving any waivers to current Iranian oil buyers who were allowed in 2018 to purchase oil from Iran without sanctions.

Iraq’s Oil Reserves Increased to 153b Barrels

• Sunday, 19th February 2017
• by Editorial Team

Iraq's oil reserves have increased to 153b barrels, from a previous estimate of 143b barrels, according to the Oil Minister, Jabal al-Luaibi.

OPEC Meets 82% Compliance with Freeze Deal

• Tuesday, 31st January 2017
• by Dr. Mahinaz El-Baz

The Organization of the Petroleum Exporting Countries' (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production targe ...

EIA: Global Oil Glut Persists Despite Demand Growth

• Sunday, 17th July 2016
• by Egypt Oil & Gas

The Energy Information Administration (EIA) said that the oil market is maintaining a global crude glut despite global demand growth, a drop in non-OPEC production, and a decline in crude stockpiles.

Platts: OPEC Pumps 29.27 MMbpd in Dec

• Wednesday, 12th January 2011
• by Egypt Oil & Gas

The 12-member Organization of the Petroleum Exporting Countries' (OPEC) crude oil production averaged 29.27 million barrels per day (b/d) in December, up 170,000 b/d from an estimated 29.1 million b/d in November, ac ...