OPEC | Egypt Oil & Gas - Part 42
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.
Russia’s Rosneft Dismisses OPEC as Regulator
Head of Russia's top oil producer Rosneft said that Saudi Arabia, the United States and Russia were the three main players on global oil markets and the role of OPEC was evaporating. OPEC: Nigeria Urged to Sustain Energy Reforms
The Organisation of Petroleum Exporting Countries has urged Nigeria to sustain its ongoing energy reforms in order to succeed in transforming the country.
Nigeria, Angola Crude Exports to US Increased
Nigeria's and Angola's crude oil export to the United States has risen from the 190,000 b/d recorded in Q1 of 2015 to 354,000 b/d in Q1 of 2016.
OPEC Revenues to Fall 15% in 2016
OPEC's 2016 oil export revenues will probably fall 15% to $341b, down for the third straight year and possibly the lowest in more than a decade.
OPEC Cites Supply Disruptions in Market Report
OPEC says that the supply disruptions made oil supply and demand expectations tighten earlier than expected. OPEC Sees Oil Market Balanced by End 2016
OPEC predicted that the global oil market will be more balanced in the second half of this year as demand rises and rival supplies falter,
