OPEC | Egypt Oil & Gas - Part 26
US Oil Prices Sink Below $50
The US price of crude oil is hovering under $50 per barrel despite this week's meeting of oil producers in Abu Dhabi to discuss compliance with January's production-cut agreement.
Libya’s Crude Exports Reach 865,000 b/d in July
Libya’s crude exports rose to a new three-year high in July.
OPEC, Non-OPEC Countries to Discuss Non-Compliance with Agreement
Kuwait and Russia will chair a meeting in Abu Dhabi on August 7th and 8th to discuss why some signatories of last year’s oil-production agreement are failing to fulfill their promises to cut production.
Kuwait Promises to Reduce Oil Production, Following UAE
Kuwait is promising to decrease its oil production in response to Saudi Arabia’s call for fellow members of the Organization of the Petroleum Exporting Countries (OPEC) to cut more supply in order to aid in restraini ...
UAE Promises More Oil Production Cuts Starting September
The United Arab Emirates (UAE) renewed its commitment to the Organization of Petroleum Exporting Countries (OPEC) agreement on limiting production and said it would boost its own curbs.
OPEC’s Meeting: Libya’s Production Cuts Ruled Out for Now
Libya will not join any agreement limiting its output until it achieves a production target of 1.25 million b/d by December. Libya Targets 1.25 Mb/d of Oil by the End of 2017
The North African country is targeting 1.5 million b/d of oil by the end of 2018, with hopes of reaching 2.1 million b/d after four or five years.
Oman’s Khazzan to Start Processing Early September
Oman is expected to start operating a plant to process gas from Khazzan gas field early September.
