OPEC | Egypt Oil & Gas - Part 18
OPEC Production Hits 5-Year Low
The Organization of the Petroleum Exporting Countries (OPEC) output fell to a new five-year low in June, according to a Reuters survey. An increase in Saudi crude production did not offset the reduction in Iran and Ve...
OPEC+ Extends Oil Output Cut Agreement
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to extend the production cut agreement during their sixth ministerial meeting in Vienna on July 2, according to a pre... 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 meeting in Vienna on July 1. Meanwhile, forecasted oil demand growth for 2019 has be...
Saudi Arabia, Russia Agree on Extending OPEC+ Deal
Saudi Arabia and Russia have agreed to extend the deal sponsored by the Organization of Petroleum Exporting Countries (OPEC) to cut oil production by another six to nine months, according to Saudi Energy Minister Khal...
Russian Oil Output Rises to 11.15 M b/d
Russia’s oil production has increased during June 1-25 to an average of 11.15 million barrels per day (b/d), up from around 11.04 million b/d in June 1-10, Reuters reported. Russian oil output in May dropped to 11.11 ...
Russia’s Lukoil Calls for Permanent OPEC+ Production Cuts
Lukoil believes that the production cut agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its allies should become permanent, according to Vagit Alekperov, Lukoil CEO, Reuters reported...
Iran, Russia Discuss OPEC Summit Date
Iranian Oil Minister, Bijan Zanganeh, discussed with his Russian counterpart, Alexander Novak, recent updates about the date of the next Organization of the Petroleum Exporting Countries (OPEC) summit to decide on ext...
Saudi Arabia Calls for Securing Energy Supply Routes
Saudi Arabia is calling for increased cooperative efforts between countries to secure the shipping pathways of oil and energy supplies products, according to Saudi Minister of Energy Khaled Al-Falih, Asharq Al-Awsat r...
