OPEC | Egypt Oil & Gas - Part 37

OPEC to Decide on Output Cut

OPEC will debate an oil output cut of between 4.0-4.5% for all of its members except Libya and Nigeria by the end of November.

Iraq to Suggest Crude Restraint Options

Iraq will make three new suggestions at a meeting in Vienna of OPEC oil ministers at the end of the November to implement an agreement to restrain crude supply in order to push up prices.

Saudi Arabia’s Oil Exports Grew in September

Saudi Arabia's crude oil exports rose to 7.812mb/d in September compared with 7.305mb/d in August, this comes to about 507,000b/d increase.

Saudi Arabia, Algeria Talked Output Freeze

The Saudi Energy Minister was in Algiers for talks with his Algerian counterpart on the Organization of the Petroleum Exporting Countries (OPEC) policy and agreeing there should be a new date for technical committee ...

Aramco Increased Oil Prices to Asia

Saudi Arabia, raised pricing for December sales of all oil grades to Asia in order to take advantage of a brief increase in demand for Middle Eastern crude.

Shell, Vitol to Store Iraqi Crude at Fujairah

Royal Dutch Shell and Vitol are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises.

OPEC, Russia Talked Production Freeze

Senior officials from the Organization of the Petroleum Exporting Countries (OPEC) met with Russia’s energy minister in Riyadh to discuss details around how the group will meet the supply target it set at in Algiers ...

OPEC Produced 33.64mb/d of Crude in September

Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching above $53 per barrel as a result of reports that OPEC had agreed to curb production.

Iraq, Iran To Miss Istanbul OPEC Talks

The oil ministers of Iran and Iraq will not attend informal talks between member's of the Organization of the Petroleum Exporting Countries (OPEC) in Turkey during October.

OPEC Agreed on a Production Freeze

OPEC agreed to reduce its oil output to 32.5mb/d from the current production levels of around 33.24mb/d, with global prices of oil jumping by more than 5% in response to the agreement.

Page 37 of 55

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