OPEC | Egypt Oil & Gas - Part 41
OPEC Oil Output to Reach Record High in July
The Organization of the Petroleum Exporting Countries' (OPEC) oil output is likely to reach its record in July. Supply from OPEC has risen to 33.41mb/d in July.
Iraq to Witness Rise in July Oil Exports
Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC's second-largest producer back on track after two months of declines.
Venezuela’s PDVSA to Securitize Oil Debts as Production Falls
According to the President of the Venezuelan state oil company PDVSA, Eulogio del Pino, who is also Venezuela’s Oil Minister, the company is currently in talks with other oil services companies to turn unpaid bills i ...
EIA: Global Oil Glut Persists Despite Demand Growth
The Energy Information Administration (EIA) said that the oil market is maintaining a global crude glut despite global demand growth, a drop in non-OPEC production, and a decline in crude stockpiles.
OPEC Cites Brexit Risk to Global Oil Demand
The Organization of Petroleum Exporting Countries (OPEC) has recently pointed to a pending crude supply deficit, instead of a surplus created by low oil prices, as it said that the oil markets are likely to generate ...
OPEC Output at Record High in June
The Organization of the Petroleum Exporting Countries' (OPEC) oil output has risen in June to its highest in recent history as Iran and the Gulf member states boosted their oil supply. OPEC Files $99.6b in First Collective Deficit since 1998
The OPEC member-states registered their collective budget deficit of $99.6b in 2015, the first since 1998, according to the OPEC official annual report.
Sonatrach Foresees Rise in Algeria’s Oil Output
Algeria's oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African OPEC member's existing fields.
