OPEC | Egypt Oil & Gas - Part 44
Sonatrach Foresees Rise in Algeria’s Oil Output
Algeria’s oil and fuel output is shifting again to progress after years of stagnation, helped partially by elevated production at the North African OPEC member’s present fields, said state power firm, Sonatrach, accor...
Russia’s Rosneft Dismisses OPEC as Regulator
Head of Russia’s top oil producer Rosneft, Igor Sechin, said that Saudi Arabia, the US, and Russia were the three main players on global oil markets, dismissing again the Organisation of the Petroleum Exporting ... OPEC: Nigeria Urged to Sustain Energy Reforms
The Organisation of Petroleum Exporting Countries (OPEC) has urged Nigeria to sustain its ongoing energy reforms in order to succeed in transforming the country. Secretary General of OPEC, Dr. Mohammed Barkindo, made ...
Nigeria, Angola Crude Exports to US Increased
Nigeria’s and Angola’s crude oil export to the US has risen from the 190,000 b/d recorded in Q1 of 2015 to 354,000 b/d in Q1 of 2016, the Organization of Petroleum Exporting Countries (OPEC) revealed in it...
OPEC Revenues to Fall 15% in 2016
OPEC’s 2016 oil export revenues will probably fall 15%, about $341b in 2016, compared to 2015 levels, based on projections of global oil prices and the group’s production levels, Reuters wrote. Oil revenue...
OPEC Cites Supply Disruptions in Market Report
The Organization of Petroleum Exporting Countries (OPEC) released its Monthly Oil Market report in June 2016, highlighting the consecutive gains in oil prices over the last four months. The market was generally prepar... OPEC Sees Oil Market Balanced by End 2016
The Organization of Petroleum Exporting Countries (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, echoing views expressed b...
Iran Accuses OPEC Members of Dumping Oil Prices
Iran’s Oil Minister, Bijan Zanganeh, accused the regional neighbors and OPEC friends of trying to take away its customers by offering cheaper oil. In an interview with Platts in Vienna, he added that despite Ir...
