OPEC | Egypt Oil & Gas - Part 12
Norway Cuts Production by 120,000 bbl/d in July
Norway’s government has released the official production figures for the Norwegian Continental Shelf in July, showing a 120,000 barrels of oil per day (bbl/d) reduction compared to the reference production, according ...
OPEC+ Compliance Reaches 95% in July
Compliance with the Organization of the Petroleum Exporting Countries and allies’ (OPEC+) oil cuts has been assessed to be at a range of 95%-97% in July as demand shows signs of recovery, according to Reuters. Complia...
Six Arab Countries Reassert Compliance to OPEC+ Deal
The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain re-affirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets, according to ... OPEC+ Set to Loosen Record Cuts in August
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are set to ease the record 9.7-million barrels per day (mmbbl/d) production cuts as of August as demand has seen a continual rise, Saudi Ara...
Oman Warns Crude Oil Customers of 10% Cuts for September
Oman has informed its crude oil customers that it will cut around 10% in allocations for September loading and delivery, according to Reuters. This 10% cut is part of Oman’s efforts to fully comply with the OPEC+ cuts...
UAE Oil Output Capacity Reaches 4.2 mmbbl/d in April
The United Arab Emirates (UAE), OPEC’s third largest producer, recorded a daily production of 4.2 million barrels of oil per day (mmbbl/d) in April before the record OPEC+ agreement, according to The National. UAE’s...
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, according to Reuters. Saudi’s Energy ... OPEC Agrees to Prolong Record Oil Production Cuts to July
The Organization of the Petroleum Exporting Countries (OPEC) held its 11th ministerial meeting on June 6 and agreed to extend record oil production cuts until the end of July, according to a press release. The OPEC m... 
