Opec considering output boost

• Wednesday, 9th March 2011
• by Egypt Oil & Gas

Opec is in consultations regarding a potential boost in oil output but hasn’t decided whether to approve one, said Kuwait’s Oil Minister. “We are in consultations about a potential output increase,&#...

Platts: OPEC Pumps 29.27 MMbpd in Dec

• Wednesday, 12th January 2011
• by Egypt Oil & Gas

The 12-member Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production averaged 29.27 million barrels per day (b/d) in December, up 170,000 b/d from an estimated 29.1 million b/d in Novembe...

Oil hits record above $105 on dollar, OPEC, supply

• Thursday, 6th March 2008
• by Egypt Oil & Gas

Oil hit a record high above $105 on Thursday as a weak dollar helped prices to extend the previous day’s gains, which were prompted by a drop in U.S. oil inventories and OPEC’s decision to keep output unch...