OPEC | Egypt Oil & Gas - Part 30
Iraq, Algeria Signal Consensus on OPEC Cuts
OPEC and major oil exporters reached consensus to extend the limits of cuts until the end of 2017.
Libya’s Oil Production Reaches 796,000b/d
The increase adds pressure on the world’s biggest producers who just signaled they may extend production cuts amid a slump in oil.
OPEC Signals Oil Output Cut Extension
The Saudi Oil Minister stated that oil producers would "do whatever it takes" to rebalance the market.
Oil Drops to $45 Despite OPEC Deal
Oil hovered around $46 per barrel in New York, back to levels last seen before the OPEC deal to cut production.
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.
