OPEC | Egypt Oil & Gas - Part 43
Iran to Approve New Oil Contract Model
Iran is to offer international oil companies a new template for oil contracts in an attempt to attract $100b in foreign investments to help rebuild its energy industry, World Oil informed. The contracts are expected t...
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. The output of the 13 establishe...
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, Reuters reported. The price for the ultra gasoline grade would increa...
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, a Reuters survey found. Supply from OPEC has risen to 33.41mb/d in July from a revised 33.31mb/d in...
Iraq to Witness Rise in July Oil Exports
Iraq’s oil exports are to witness a boost in July following two months of slump. Supply growth of OPEC’s second largest producer has slowed down this year due to technical problems as well as high domesti...
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 in...
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, Economic Times re...
OPEC Cites Brexit Risk to Global Oil Demand
The Organization of Petroleum Exporting Countries (OPEC) have 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 ...
