OPEC | Egypt Oil & Gas - Part 40
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, reported Bloomberg. While the state-owned, Saudi Aramco, inc...
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol, a global energy trading house, are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises, reported Reuters. In an attempt to av...
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 d...
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 a 12-month high of above $53 per barrel as a result of reports that OPEC had agree...
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, Reuters reported. OPEC agreed late Sep... OPEC Agreed on a Production Freeze
Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to reduce their oil output to 32.5mb/d from the current production levels of around 33.24mb/d, with global prices of oil jumping by more t...
Saudi Arabia to Consider Reducing Oil Output
Saudi Arabia has offered to reduce oil production, if rival, Iran, agrees to cap its output at the current level of 3.6mb/d. This is a major compromise from the Kingdom ahead of production freeze talks in Algeria by t...
AGOCO Boosts Output as Libya’s Crude Production Recovers
Libya’s Arabian Gulf Oil Company (AGOCO), a subsidiary of the country’s National Oil Corporation (NOC), has raised its output to 210,000b/d after production resumed at the Nafoura and Hamada fields, report...
