OPEC | Egypt Oil & Gas - Part 39
OPEC’s Oil Output Hit Record High Amid Freeze Talks
The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo, announced that the group will be meeting non-OPEC countries in Vienna to finalize a global oil production cut a...
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, Reuters reported. OPEC agreed to cut ...
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, informed Premium Times. A statem... 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...
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 out...
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, as it holds to a strategy of maintaining market share, reported Reuters. The decision by the w... 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. However, the deal’s success hinges on an agreement from Iraq and Iran, which are far...
Iraq to Suggest Crude Restraint Options
Iraq’s Oil Minister, Jabar Ali Al Luaibi, declared that the country will make three new suggestions at a meeting in Vienna of oil ministers from members of the Organization of Petroleum Exporting Countries (OPEC...
