OPEC | Egypt Oil & Gas - Part 30
Nigeria Mulls Extending Exemption from OPEC Deal
Nigeria’s exclusion was due to the production challenges that the country was facing after the militant attacks on the country's oil facilities.
Iran to Stick to OPEC Decision on Oil Cut Deal
Iran announced it will go along with whatever decision OPEC makes on whether to extend oil production cuts beyond June.
Iraqi Fuel Oil Exports Rise Despite OPEC Cuts
Iraqi fuel oil exports have risen since the beginning of 2017 despite the country’s commitment to curb production in line with OPEC supply cuts.
Adnoc to Decrease Oil Sales by 10% in June
In line with the UAE's plan to follow OPEC’s agreement to reduce production, the state-owned Abu Dhabi National Oil Co. (Adnoc) s is cutting back supplies to customers in June.
Saudi Arabia Loses Market Share to Iran, Iraq
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices. OPEC Ministers to Meet Russia
The energy ministers of Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts. Kuwaiti Oil Price Decreases
The price of Kuwaiti oil went down by $0.42 to reach $48.75 per barrel.
Libya’s El Feel Oilfield to Resume Operations
Pumping is set to restart as soon as OPEC member fixes an electricity outage in Sharara field.
