OPEC | Egypt Oil & Gas - Part 2

Iraq’s Oil Production Increases by Almost 70,000 bbl/d in July

According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.

OPEC+ Approves Modest Rise in Oil Output

At a time when high oil prices and unstable energy supplies have been exacerbated by Russia's war on Ukraine, OPEC and its allies decided to slow production growth in September.

OPEC Secretary General Says Russia’s Membership in OPEC+ Crucial

OPEC's new secretary general stated that Russia's membership in OPEC+ is vital to the agreement's success, Kuwait's Alrai newspaper reported on Sunday.

Saudi FM: OPEC+ Will Do What is Necessary After Assessing Market Conditions

OPEC+ will continue to assess market conditions and do what is necessary as a result of a US-Arab summit on Saturday, according to Saudi Arabia's foreign minister, Reuters reported.

OPEC Secretary General Muhammad Barkindo Passes Away

Nigerian authorities announced on Wednesday that the Secretary-General of the Organization of Petroleum Exporting Countries had passed away.

OPEC Half a Billion Barrels Short of Oil Supply Pledge

There are more than half a billion barrels of oil left unsupplied by OPEC+, raising concerns about the group's ability to balance the global market.  OPEC+ members produced 2.7 million barrels a day less than thei ...

Sources in OPEC Expect Possible Slowdown in Global Oil Demand Next Year

According to OPEC delegates and industry insiders, global oil demand growth will decelerate in 2023, as rising crude and fuel prices help push up inflation and act as a drag on the global economy.

OPEC+ Works to Offset Lower Russian Oil Production

OPEC+ is trying to make up for the economic fallout of plummeting Russian oil production due to Western sanctions against Moscow over Ukraine, according to two OPEC+ sources.

El Molla Discusses Developments in Oil Markets with OPEC Secretary General

In a meeting held on the sidelines of his participation in the World Economic Forum in Davos, Minister of Petroleum and Mineral Resources Tarek El Molla expressed Egypt’s appreciation to OPEC Secretary-General Moh ...

Iraq Shows Support for OPEC’s Decision to Increase Oil Production

The Iraqi Ministry of Oil confirmed it commitment to the decision of the Organization of the Petroleum Exporting Countries (OPEC) as well as its allies to increase oil production.

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