OPEC | Egypt Oil & Gas - Part 25

OPEC Production Increases 50k b/d in September

OPEC crude production has risen in September.

Iran Calls for OPEC to Address Libyan, Nigerian Production

The Iranian Minister of Petroleum, Bigan Zangeneh, singled out Libya and Nigeria in comments to the press yesterday, calling for changes in OPEC policy towards the two countries.

OPEC, Russia: Production-Cut Agreement Working

After meeting last Friday in Vienna, ministers from OPEC and major, non-OPEC oil-producing countries, said their production-cut agreement had drawn down global oil stocks.

Iraq Indicates Willingness to Extend Cuts

Iraq favors an additional one-percent cut in oil production by OPEC and its fellow oil producers.

OPEC Production Falls in August

OPEC production fell in August as Saudi Arabia cut back its production

Saudi Arabia, UAE Signal Willingness to Extend Production Cuts

The oil ministers of Saudi Arabia and the UAE indicated that their countries were willing to consider an extension of the production-cut agreement between OPEC and major, non-OPEC oil producers.

PetroLogistics: OPEC Oil Exports & Consumption to Fall 419K b/d in August

PetroLogistics is predicting a 419,000 barrels per day (b/d) drop in OPEC oil exports and consumption for the month of August.

OPEC will Reconsider Production Cuts in November

OPEC members will discuss OPEC's production-cut strategy when they meet in November.

OPEC Expects Higher Oil Demand in 2018

OPEC is predicting record oil demand in 2018.

Iraq, UAE, Kazakhstan Recommit to Oil Cut Deal

Iraq, the UAE, and Kazakhstan, reiterated their support for January's production-cut agreement between OPEC and other major oil producers.

Page 25 of 55

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