OPEC | Egypt Oil & Gas - Part 19
Iraq Voices Support for Extending OPEC-Led Deal
Iraq supports the rollover of the supply cut agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its allies, Iraq’s Minister of Oil Thamer Ghadhban told Reuters. The minister emphasized ...
Oil Could Drop to $30 Due to Supply Glut
Russia is growing concerned of a scenario that could see crude oil prices drop to as low as $30 a barrel if the output cut deal, sponsored by the Organization of the Petroleum Exporting Countries (OPEC), is not extend...
OPEC Nears Extending Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) and other major producers are nearing an agreement to extend crude output cuts, according to Saudi Arabia’s Minister of Energy Khalid Al-Falih. More talks a... Oil Prices Surge 2%, Brent Restores $70 Level
Concerns regarding crude supplies as well as the geopolitical tensions in the Middle East led to a surge in the global oil prices by more than 2%, Reuters reported. The Organization of Petroleum Exporting Countries (O... Oil Market to Balance by End-2019
The international oil market is expected to achieve balance by the end of 2019, yet the Organization of the Petroleum Exporting Countries (OPEC) will continue to work on maintaining the market balance, according to Ku... OPEC Expects Growing Oil Demand in 2019
The Organization of the Petroleum Exporting Countries (OPEC) is forecasting increased global oil demand during 2019, Reuters reported. OPEC maintained its estimates for the growth in demand in 2019 steady at 1.21 mill... Russia Remains Undecided on OPEC Output Deal
Russia did not take its final decision on the production cut agreement led by the Organization of the Petroleum Exporting Countries (OPEC), Reuters reported. Russian Energy Minister, Alexander Novak said that it was t... Gazprom Sees OPEC-Led Deal Ending in H1 2019
Gazprom Neft, a subsidiary of the Russian giant Gazprom, expects the oil output cuts that are led by the Organization of Petroleum Exporting Countries (OPEC) and its allies to end in H1 2019, Reuters reported. Neverth... 
