OPEC | Egypt Oil & Gas - Part 11
Lukoil Seeks to Inaugurate New Oilfield Projects in Iraq
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand, according to Bloomberg. Lukoil, who has a substantial presence i...
Saudi Crude Exports Rise MoM
Saudi Arabia’s crude exports and total product have risen over two consecutive months from its historical low in June by 1.49 million barrels per day (mmbbl/d) to 6.99 mmbbl/d in August, according to data from JODI. I...
Novak: OPEC+ Set to Relax Oil Cuts As Planned
Russian Energy Minister Alexander Novak announced that the Organization of Petroleum Exporting Countries and its Allies (OPEC+) group will start easing output curbs as planned despite a global spike in coronavirus cas...
UAE, Algeria Committed to OPEC+ Deal
The United Arab Emirates (UAE) has reaffirmed its commitment to the Organization of Petroleum Countries and its allies (OPEC+) output deal despite rising domestic needs, according to S&P Global. Suhail Mazrouei, t...
Russia Oil, Gas Production Exceeds OPEC Pact
Russian oil and gas production has edged to 9.93 million barrels per day (mmbbl/d) in September, slightly exceeding its Organization of Petroleum Exporting Countries and its allies (OPEC+) quota, according to Reuters.... OPEC’s September Output Rises for Third Consecutive Month
The Organization of the Petroleum Exporting Countries (OPEC) has seen output rise for the third consecutive month after the resumption of Libyan oil production and higher Iranian export levels, according to Reuters. A...
OPEC Further Cuts Oil Demand Forecasts for 2020/21
The Organization of Petroleum Exporting Countries (OPEC) has further reduced its forecast for global oil demand amid the weaker-than-expected recovery in India and other Asian countries, according to an OPEC report. I...
Jordan Set to Resume Oil Imports from Iraq
Jordan is set to resume crude imports from its Middle Eastern neighbor, Iraq, later on in September after shipments were suspended due to the pandemic, according to Bloomberg. According to Hassan Hiari, the Jordanian... 
