OPEC | Egypt Oil & Gas - Part 31
OPEC Cuts 153,000b/d in March
Supply targets from the members of the OPEC suggest a compliance of 104% with the cartel's deal to cut output.
OPEC, UAE to Launch Oil and Gas Big Data Project
The Organization of Petroleum Exporting Countries (OPEC) and the United Arab Emirates’ (UAE) Ministry of Energy will launch late April the first phase of a new global oil and gas database project.
Saudi Arabia Reduces Oil Output
Saudi Arabia reduced its oil production last month to the lowest since the beginning of 2017. The country decreased its output by 111,000b/d in March to 9.9mb/d.
China to Increase Oil Imports from West Africa
Angola and Nigeria will export crude oil to China at the rate of 1.48mb/d in April, which is considered the highest rate since August 2011.
UAE Boosts OPEC Production Cut in March
UAE’s production cut has boosted OPEC’s compliance with its oil-output-cutting deal to a record high of 95%.
Southern Iraq Exports 3.163mb/d of Oil in March
Iraq’s March production has been reduced by more than its share of 210,000b/d from its southern fields, while northern production has been reduced by around 30,000-40,000b/d so far in March from February.
Angola Takes 2 Cargoes Out of May Exports
Angola's state-run Sonangol has reduced its May exports by taking two cargoes out of circulation.
Algeria Supports Extension of OPEC Deal
Algeria’s Energy Minister, Noureddine Boutarfa, announced the country’s support in extending global oil production cuts beyond June. Other countries have also added their support for a possible extension, including V ...
