OPEC | Egypt Oil & Gas - Part 37
ExxonMobil Withdrew from 6 Block in Kurdistan
ExxonMobil has pulled out of half of the six exploration blocks it operated inIraq's semi-autonomous region of Kurdistan.
OPEC’s Oil Output Hit Record High Amid Freeze Talks
OPEC will be meeting non-OPEC countries in Vienna to finalize a global oil production cut agreement early December, while the group's oil output set another record high in November.
OPEC Agreed on Output Cuts
Crude oil prices steadied around $50 a barrel, holding onto big gains made after the Organization of Petroleum Exporting Countries (OPEC) and Russia agreed to restrict production.
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.
