OPEC | Egypt Oil & Gas - Part 37

Nigeria Exempted from OPEC Output Cuts

Nigeria got special concessions as the Organization of Petroleum Exporting Countries (OPEC) reached the much sought consensus to cut oil production by 1.2m b/d, effective January 2017.

Iran to Abide by September Oil Production Cap Deal

Iran's Oil Minister, Bijan Zanganeh, said that the country was prepared to leave its oil production at levels that the Organization of the Petroleum Exporting Countries (OPEC) had agreed at its September meeting in A ...

OPEC’s Pre-Vienna Meeting Yielded No Results

OPEC experts met late November, ahead of their schedule meeting in Vienna to discuss means to global market stability. Yet, they ended the meeting without agreeing on concrete details of a planned reduction in oil ou ...

Aramco to Increase Oil Supply to Asia

State oil giant Saudi Aramco has agreed to supply some customers in Asia with incremental crude that will load in January.

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.

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