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.
OPEC | Egypt Oil & Gas - Part 26
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.
Iraqi Oil Minister Visits Saudi Arabia
Iraqi Oil Minister, Jabar El Luaibi, visited Saudi Arabia on August 8th to discuss the oil market and OPEC's efforts to stabilize prices.
