OPEC | Egypt Oil & Gas - Part 45
OPEC Chief Calls for Global Cooperation
OPEC Secretary General, Abdullah al-Badri, has called on all oil-producing countries to cooperate in attempts to tackle oil oversupply and remedy global oil price slide, while allowing new investments to pour into th ...
Iran Rejects Venezuela’s Call for OPEC Emergency Meeting
In the wake of Venezuela's call for an emergency OPEC meeting, Iran’s Oil Minister, Bijan Zanganeh, said that such a meeting would hurt the crude oil market, unless it reached a decision to shore up falling prices.
Oman Eager to Cut Oil Production under OPEC Initiative
Oman announced that it is ready to cut oil output by 5% to 10% to buoy up oil prices if OPEC and non-OPEC members took the initiative.
UAE Denies Nigeria’s Call for Emergency OPEC Meeting
The UAE has denied claims made earlier by Nigerian Petroleum Minister that an emergency meeting of OPEC was in order to discuss the current oil pricing policy amid a 12-year low drop of oil prices to $30.
Crude Oil Prices Decline over China’s Economic Slowdown
Global crude oil prices continue dropping to record low, with Brent down at $32.62 per barrel and US West Texas Intermediate (WTI) as low as $32.36, amid China's emerging economic slowdown and continuous overproducti ...
Algeria’s Energy Export Volumes Drop 2.8%
Algeria’s energy export volumes dropped by 2.8% in the first nine months of 2015 due to increased domestic consumption and decreasing output.
Russia’s Oil Output Hits Record in 2015
Russia's oil output hits post-Soviet record with 10.73mb/d in 2015, up from 10.58mb/d in 2014, as small- and medium-sized energy companies such as Bashneft cranked up the pumps despite falling crude prices. OPEC: $10t in Oil Investment Needed, $250 from non-OPEC Countries
The Organization of Petroleum Exporting Countries (OPEC) has stated that $10t worth of investment in the oil and gas industry will be needed through 2040 in order to meet world’s energy needs, according to OPEC's Wor ...
