OPEC | Egypt Oil & Gas - Part 16
ADNOC Seeks Bond Issue
Abu Dhabi National Oil Co (ADNOC) is studying the possibility of a bond issue amid low interest rates, its CFO said on Wednesday, according to Reuters. “We will take a look. These are historically low interest (rates)...
Saudi Arabia Oil Exports Average 5.88 MM b/d
Saudi Arabia’s oil exports have decreased following the recent attacks on major facilities, Reuters reported. Crude oil exports from Saudi Arabia averaged 5.875 million barrels per day (b/d) in the 10 days that follow...
Algeria to Keep Limits on Foreign Energy Investments
The Algerian government is planning to maintain current clauses in the energy law that limit foreign stakes in oil and gas projects, Asharq Al-Awsat reported. An official statement has reportedly emphasized the intent...
OPEC Pledges Commitment to Output Cuts
The Joint Ministerial Monitoring Committee (JMMC) has emphasized the need for continued commitment to the cooperation between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC major producers, ...
OPEC Downgrades Forecasted Oil Demand Growth
The Organization of the Petroleum Exporting Countries (OPEC) has cut its forecast for global oil demand growth in 2020, Reuters reported. The downgrade in demand forecasts by 60,000 barrels per day (b/d) to 1.08 milli...
Iraq Vows to Cut Oil Output
Iraq will reduce crude oil production levels starting from October, according to a statement by the Iraqi Minister of Oil, Thamer Ghadhban. Ghadhban assured Iraq’s commitment to the output cut agreement, noting that r...
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, Reuters reported. The upcoming OPEC Joint Ministerial Monitoring Committee (JMMC) will be held in A...
OPEC+ Committed to Balancing Market: UAE
The Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC major producers, an alliance known as OPEC+, are committed to achieving oil market balance, according to the UAE Minister of Energy and I...
