OPEC | Egypt Oil & Gas - Part 41
Indonesia to Sign Oil MoU with Iran
Indonesia's state-owned energy company Pertamina will sign a memorandum of understanding with the National Iranian Oil Company (NIOC) in August that will allow Pertamina to evaluate and assess up to four Iranian oil ...
Iran to Approve New Oil Contract Model
Iran introduces a new template for oil contracts in an attempt to attract $100b in foreign investments.
OPEC’s Crude Output Disrupted in July
Production of the Organization of Petroleum Exporting Countries' (OPEC) was disrupted in July by militant attacks in Nigeria and political unrest in Libya, according to Bloomberg.
Kuwait Plans to Raise Gasoline Prices
Kuwait plans to raise the prices of gasoline to 73% by September in light of the oil price decline affecting the energy-rich Gulf state’s finances.
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.
