OPEC | Egypt Oil & Gas - Part 31
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.
Iraq Mulls Exemption from OPEC Cut Deal
Iraq may seek exemption because it needs its oil income to fight the Islamic State.
Iran to Join Oil Production Cuts
Iran announced that it is ready to join the OPEC oil production cuts despite being exempted from the initial production cuts agreement, which allowed it to boost its crude output to about 4m barrels.
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.
