Saudi Arabia Announces Discontinuation of Voluntary Cuts
Saudi Arabia's additional voluntary cuts of 1.18 million barrels of oil (mmbbl/d) carried out in June will not be continued into July as global oil demand begins to recover.
OPEC | Egypt Oil & Gas - Part 10
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.
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.
Angola to Reduce July Crude Exports by Nearly 9%
Angola has released its preliminary export schedule for July, showing that Angola is set to reduce exports for July by nearly 9% in comparison to June.
Saudi Arabia’s Oil Exports Increase by 1.5% in March
The Kingdom of Saudi Arabia’s oil exports in March rose by 113,000 barrels per day (bbl/d) to 7.391 million barrels per day (mmbbl/d) from 7.278 mmbbl/d in February.
Nigeria Reduces Oil Production by 23%
Nigeria, Africa’s top crude exporter, has curtailed oil production by 23% to bring the country in line with the Organization of the Petroleum Exporting Countries (OPEC) production cuts.
OPEC Slashes Oil Demand Forecast by 9.1%
The Organization of the Petroleum Exporting Countries (OPEC) has dramatically cut its expected forecast for global oil demand this year, citing that this upcoming quarter will see the steepest decline.
Iraq’s Production Cuts Below Third of OPEC’s Required Rate
Iraq has announced that it will only cut production by 700,000 barrels per day (bbl/d), a third less than the required amount from the OPEC+ supply pact, after international oil companies (IOC) rejected further cu ...
Russia to Curb Oil Production in Siberia by 15%
Russia’s top producing oil region in Western Siberia is expected to cut production by 15% in line with the OPEC+ cuts.
Kuwait to Voluntarily Further Reduce Production by 80,000 bbl/d
Kuwait’s oil minister, Khaled Al-Fadhel, announced that Kuwait will support the Kingdom of Saudi Arabia’s efforts to restore stability to oil markets by cutting production by 80,000 barrels per day (bbl/d).
