Saudi Arabia’s Oil Production Down 200,000 b/d in July
Saudi Arabia’s oil production fell to 9.6 million barrels per day (b/d) in July and is expected to stay below the 10 million b/d level in the coming months.
OPEC | Egypt Oil & Gas - Part 15
Saudi Oil Exports to China Hit Highest Level Since 2013
Saudi Arabia has compensated China for the shortage of crude oil supplies due to the US-imposed sanctions on Iran. After Chinese oil importer crude Iranian imports decreased to their lowest level since 2010.
Saudi Oil Output Rises 1.16% in June
Saudi Arabia, the world’s top oil exporter, produced 9.782 million barrels per day (b/d) in June up from 9.67 million b/d in May.
Iran Hopes to Raise Oil Exports
Iran is hoping for an improvement in crude oil exports despite further sanctions imposed by the US.
OPEC Production Hits 5-Year Low
OPEC produced 29.6 million per day (b/d) in June, down by 170,000 b/d compared with May.
OPEC+ Extends Oil Output Cut Agreement
The decision extends the deal to reduce crude oil output by 1.2 million barrels per day until the end of March 2020.
OPEC Extends Production Cuts to March 2020
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend oil production cuts until March 2020, during their summit in Vienna.
Saudi Arabia, Russia Agree on Extending OPEC+ Deal
Saudi Arabia and Russia have agreed to extend the OPEC-led crude oil production cuts by another six to nine months.
Russian Oil Output Rises to 11.15 M b/d
Russia’s oil output has increased during June, reaching an average of 11.15 million barrels per day (b/d).
Russia’s Lukoil Calls for Permanent OPEC+ Production Cuts
Russia’s Lukoil believes that the production cut agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its allies should become permanent
