OPEC | Egypt Oil & Gas - Part 45
GCC Members Seek to Revive Oil Output Deal
Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said to Reuters, but he added that Iran is not ready fo... Non-Opec Producers Cutting Back Oil Output
Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance, according to The Telegraph. Non-Opec oil producers are expec...
Iran Rejects Again ‘Self-Sanctioning’ Oil Freeze Plan
Iran’s Oil Minister, Bijan Zangeneh, said the country is still determined to increase its oil production to as high as 4m b/pd, stressing that Tehran will only negotiate over joining the oil freeze plan when that targ...
Nigeria Faces Problems over Oil Freeze Failure
A meeting held in Doha, Qatar, mid-April between the world’s biggest oil producers ended without a deal to freeze oil production, and this puts Nigeria and other cash-strapped oil producers in more trouble, acco... Oil Output Freeze Deal Falls Apart
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on April 17th after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices, Reuters re...
Kuwait Seeking Crude Output Boost at 3.165mb/d by 2017
Kuwait Oil Company will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Gulf nation tries to boost crude output to the highest level in more than four decades, Time...
Russian Oil Output Hits Record, Oil Freeze in Doubt
Russia’s oil output set a post-Soviet high in March. The production of crude and a light oil, called condensate, climbed 2.1% from a year earlier to 10.912mb/d, according to the Energy Ministry. The amount narrowly be...
Riyadh Sets Conditions for Oil Output Freeze Deal
Saudi Arabia’s Deputy Crown Prince, Mohammed bin Salman, said that Riyadh will only freeze its oil output if Iran and other major producers do so, while challenging the country’s main regional rival to take an a...
