OPEC Expects Growing Oil Demand in 2019
OPEC maintained its estimates for the growth in demand in 2019 steady at 1.21 million barrels per day but expects supply growth to slow in non-OPEC producers.
OPEC | Egypt Oil & Gas - Part 17
Russia Remains Undecided on OPEC Output Deal
Russian Energy Minister, Alexander Novak said that it was too early to speak about preferable options, adding that “we should do what is more expedient for us.”
Gazprom Sees OPEC-Led Deal Ending in H1 2019
Gazprom Neft now assumes the deal will be effective until the middle of the year.
OPEC-Led April Meeting Postponed
The meeting might be canceled to assess the impact of the production cuts on the market especially under US sanctions on Iran and Venezuela
Qatar Announces OPEC Exit
Qatar announced on December 3 that it will exit the Organization of the Petroleum Exporting Countries (OPEC) and increase its focus on gas.
OPEC, Russia Agree 1.2 Million b/d Production Cut
The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies (OPEC+) agreed to reduce oil production by around 1.2 million barrels per day (b/d) during a meeting in Vienna on December 6.
Saudi Crude Production Hits Record Highs in Early November
Saudi Arabia's crude production hit record highs in early November following large orders made in early October in preparation for the loss of Iranian crude from the market.
OPEC Expected to Agree Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) are expected to agree oil production cuts starting from December.
Oil Prices Plunge $20 since October
Oil prices have dropped by more than $20 since October, falling to $66.5 per barrel from a peak of $86.7.
Qatar names Kaabi as new head of OPEC delegation
Qatar has named Saad al-Kaabi as the head of its OPEC delegation, replacing Mohammed al-Sada, OPEC announced on its website on November 14.
