Saudi Arabia Pushes to Extend Cuts 9 Months but Doubts Linger
Saudi Arabia is pushing for an extension of the OPEC-led production-cut agreement by an additional nine months until the end of 2018.
OPEC | Egypt Oil & Gas - Part 24
Iranian Minister: OPEC Leaning toward Extension
Most OPEC members favor an extension of the production-cut agreement.
UAE, Oman Indicate Decision on Production Cuts This Month
A decision on extending OPEC’s production-cut agreement with ten other oil producers could be made this month, energy ministers from the UAE and Oman indicated on the sidelines of the Abu Dhabi International Petro ...
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.
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.
