OPEC Production Slips 80K b/d in October
Production disruptions in Iraq contributed to an overall decline in OPEC oil output during the month of October.
OPEC | Egypt Oil & Gas - Part 24
Brent Price Tops $60 per Barrel
The price of Brent crude oil climbed to over $60 per barrel during Friday’s trading.
Russian Minister: To Soon to Decide on Production-Cut Extension
The Russian Energy Minister, Alexander Novak, said it was too early to make a decision on extending production cuts past next March.
OPEC Developing Post Production-Cuts Strategy
Even as OPEC appears to be on course to re-extend its production-cut agreement with other oil producers, the group has begun preparing for the eventual wind-down of the agreement.
Russia, Saudi Arabia to Discuss Markets, Production-Cut Deal
Russian and Saudi ministers will meet early next month to discuss global oil markets and the future of the production-cut agreement.
Compliance with Production-Cut Agreement at 120%
Compliance with the production-cut agreement reached 120% in September.
OPEC Likely to Extend Production Cuts
OPEC’s agreement with Russia and other non-OPEC producers to cut oil production will probably be extended a further nine months to the end of 2018.
Iran Wants to Extend Production-Cut Agreement
Iran favors an extension to the production-cut agreement between OPEC and some non-OPEC oil producers until the end of 2018.
OPEC 86% Compliant with Production-Cut Obligations
OPEC compliance with the oil-production agreement implemented in January between OPEC and major, non-OPEC oil producers is at 86%.
OPEC Secretary General Hints at “Extraordinary Measures”
“Extraordinary measures” may be necessary to stabilize oil markets, the Secretary –General of OPEC, Mohammad Barkindo, told reporters.
