Iraq Vows to Cut Oil Output
Iraq will reduce crude oil production levels starting from October, according to the Iraqi Minister of Oil, Thamer Ghadhban.
OPEC | Egypt Oil & Gas - Part 14
OPEC to Discuss New Output Deal Metrics
The Organization of the Petroleum Exporting Countries (OPEC) may consider new metrics for the global oil output cuts.
OPEC+ Committed to Balancing Market: UAE
Oil producers are committed to achieving market balance, according to the UAE Minister of Energy and Industry Suhail Al-Mazrouei.
Nigeria’s Duke Oil to Move to Dubai
Duke Oil, a subsidiary of Nigerian National Petroleum Corporation (NNPC), is reportedly shutting down operations in the UK and leaving London to set up a new office in Dubai.
OPEC Monthly Output Rises for First Time in 2019
The Organization of the Petroleum Exporting Countries (OPEC) has recorded its first monthly increase in oil output this year.
Saudi Petroleum Exports Down to $104.5 B in H1
Saudi Arabia's petroleum export revenues declined by 3.96% Year-on-Year during H1 2019.
Omani Oil Production Exceeds 30 MM Barrels in July
Oman’s crude oil and condensates production reached around 30.1 million barrels during July, with a daily average production rate of 970,682 barrels.
Iraqi Oil Production Hits Highest Level since 2017
Iraq's crude oil production increased to 4.62 million per day (b/d) in July, recording its highest level since January 2017.
Saudi Oil Exports to China Hit Record Level
Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier.
Saudi Arabia Renews Commitment to Output Cuts
The Saudi Minister of Energy, Khalid Al-Falih has discussed with his Russian counterpart the recent developments in global oil markets.
