OPEC | Egypt Oil & Gas - Part 4
OPEC+ to Raise Oil Production by 137,000 bbl/d in October
The eight OPEC+ countries have decided to continue to increase oil production in October by 137,000 barrels per day (bbl/d), which is lower than the increases of September and August by about 555,000 bbl/d, according...
OPEC+ to Raise Oil Production by 547,000 bbl/d in September 2025
The eight OPEC+ member countries decided to raise oil production by 547,000 barrels per day (bbl/d) in September 2025 from the August 2025 required production level. This adjustment was the result of the steady global...
OPEC+ May Approve Additional Oil Production on Sunday
OPEC+ member countries are predicted to approve more oil production on Sunday, noting that the members are still discussing the final increase for September, Reuters reported. The group has accelerated production incr...
Badawi outlines Egypt’s Energy Strategy at OPEC Meetings
During the 9th International Seminar hosted by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Minister of Petroleum and Mineral Resources Karim Badawi delivered a keynote address at the minist...
AEC Calls for Lifting Restrictions on Financing Oil, Gas Projects in Africa
The African Energy Chamber (AEC), representing the continent’s energy sector, called on OPEC member countries and their partners to take bold steps to overturn global restrictions on fossil fuel financing. This came d...
OPEC+ Poised for Another Output Hike in August
OPEC+, the world’s largest oil-producing alliance, is set to boost crude output by another 411,000 barrels per day (bbl/d) in August as part of its effort to reclaim market share, according to Reuters. If agreed upon,...
Global Oil Demand to Surpass 120Mn bbl/d by 2050: OPEC Secretary General
Global oil demand will continue rising in the next 25 years to reach 120 million barrels per day, which is 24 per cent higher than its current level, according to Haitham El-Ghais, the secretary-general of the Organiz...
OPEC+ to Introduce Another Output Increase in June
OPEC+, a collaboration between OPEC and other oil-producing nations led by Russia, will introduce a 411,000 barrels per day (bbl/d) hike in its production in June, mirroring the surge it adopted in May. This comes as ...
