OPEC | Egypt Oil & Gas - Part 30
Al-Falih: No Prompt Need to Adjust Oil Agreement
There is no evidence a pact by global oil producers to curb output needs to be adjusted.
Iran Increases Oil Exports to the West
Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016.
Aramco Aims to Invest Globally in Gas and LNG
Aramco aims to invest globally in production of gas and liquefied natural gas (LNG) after holding its initial public offering.
Rosneft to Raise Crude Output if OPEC Deal Ends
Rosneft has served notice that it will step up production in the event of a sudden end to the OPEC agreement.
Nigeria Exempted from OPEC Production Cuts
The Organization of Petroleum Exporting Countries (OPEC) and its other non-producers allies granted Nigeria another exemption from production cuts. Oil Producers Extend Output Cuts for 9 Months
Oil producers chose to extend supply cuts of 1.8mb/d for nine extra months, amidst a global glut of crude and rising US shale gas production.
Equatorial Guinea is the 14th OPEC Member
The Organization of the Petroleum Exporting Countries (OPEC) has accepted Equatorial Guinea as a new member of the Organization. Kuwait Urges Deepening OPEC Oil Cuts
OPEC and non-member oil producers could deepen output cuts or extend them for a year.
