Saudi Energy Says Global Oil Cuts to Exceed 19 mmbbl/d
Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, opines that global oil cuts will amount to 19.5 million barrels per day (mmbbl/d) with the OPEC+ cuts and G20 pledges.
OPEC | Egypt Oil & Gas - Part 12
Oman’s Oil Production to be Cut by 200,000 bbl/d
Oman has announced that it will cut oil production by 200,000 barrels per day (bpd) following the record OPEC cuts.
OPEC+ Decisions Could Curb Oil Supply by 20%
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global ...
Crude Oil Reaches the Lowest Level Since 2003
Crude oil prices plunged under $25 a barrel for the first time since 2003 in London and dropped 2 in New York after the announcement of Saudi Arabia to keep record high production over the coming months.
OPEC to Extend Production Cuts Until Year- End
The Organization of the Petroleum Exporting Countries (OPEC) could extend its oil production cuts until the end of 2020.
Production to Resume in Wafra Field
Wafra field, located in the Neutral Zone, will restart its oil production by March, according to Khaled Al-Fadhel, Kuwaiti Oil Minister.
OPEC: Oil, Gas to Supply Global Energy Demand in 2040
OPEC's Secretary-General, Mohammad Sanusi Barkindo, said that oil and gas will continue to play a central role in achieving sustainable economic development and reducing energy poverty.
UAE Commits to OPEC Oil Production Cut Agreement
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).
Iraqi Oil Production Remains Unaffected Amid Turmoil
The International Monetary Fund (IMF) has declared Iraq's oil production and oil fields unaffected by the nationwide protests.
Saudi Aramco Reduces Local Gasoline Prices for Q4
Saudi Aramco announced that it started reducing gasoline prices on October 20.
