OPEC | Egypt Oil & Gas - Part 32
Libya’s Oil Production Reaches 796,000b/d
Libyan oil production has risen to 796,000b/d as the country pushes up output from the newly restarted Sharara and El Feel fields, a Libyan oil source told Reuters. The country’s oil output is at its highest sin...
OPEC Signals Oil Output Cut Extension
Saudi Arabia’s Oil Minister, Khalid al-Falih, announced on the 8th of May that oil producers would “do whatever it takes” to re-balance the market and that he expected a global deal on cutting crude ...
Oil Drops to $45 Despite OPEC Deal
Oil hovered around $46 per barrel in New York, back to levels last seen before the deal to cut production set by the Organization of Petroleum Exporting Countries (OPEC), as the shale revival appears to be making the ...
Nigeria Mulls Extending Exemption from OPEC Deal
Nigeria is aiming to extend another six months of exclusion from the oil production reduction plan set by the Organization of Petroleum Exporting Countries (OPEC), All Africa reported. The Minister of State for Petro...
Iran to Stick to OPEC Decision on Oil Cut Deal
Iran’s Oil Minister, Bijan Namdar Zanganeh, stated that the Persian Gulf country will go along with whatever decision the Organization of Petroleum Exporting Countries (OPEC) makes, at its meeting later in May, on whe...
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 the Organization of Petroleum Exporting Countries’ supply cuts, Reuters reported. Ac...
Adnoc to Decrease Oil Sales by 10% in June
The United Arab Emirates is cutting back supplies to customers in June, in line with its plan to follow the Organization of Petroleum Exporting Countries’ agreement to reduce production, Bloomberg reported. Acco...
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, Rigzone reported, citing Abu Dhabi Investment Authority’s H... 
