OPEC | Egypt Oil & Gas - Part 7

El Molla Discusses Developments in Oil Markets with OPEC Secretary General

In a meeting held on the sidelines of his participation in the World Economic Forum in Davos, Minister of Petroleum and Mineral Resources Tarek El Molla expressed Egypt’s appreciation to OPEC Secretary-General Moh ...

Iraq Shows Support for OPEC’s Decision to Increase Oil Production

The Iraqi Ministry of Oil confirmed it commitment to the decision of the Organization of the Petroleum Exporting Countries (OPEC) as well as its allies to increase oil production.

Russian Oil Supply to Plummet to Double in May

The effects of sanctions and buyer reluctance on Russian oil will be fully obvious starting in May, according to the International Energy Agency (IEA).

OPEC Tells EU There’s No Substitute for Russia’s Oil Supply

According of a copy of Mohamed Barkino (OPEC Secretary)’s speech seen by Reuters, the current and future sanctions could cause more than 7 million barrels per day (bpd) loss of Russian oil and other liquids export ...

OPEC+ Commits to Modest Production Increase Despite Western Pressure

In a meeting that took place today, OPEC+ decided to stick to its agreed plan to ramp up oil production to 432,000 barrels of per day (bbl/d) in May, Al Sharq reported.

OPEC Allows Oil Production Increase by 0.4 mmbl/d in February

During the Organization Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting (ONOMM), the members reaffirmed their decision to adjust the monthly oil production by 0.4 million barrels per day (mmb ...

Saudi Holds on to Top Rank as China’s Crude Supplier

Saudi Arabia retained a top spot in oil supplies to china for a ninth straight month in August as major producers relaxed production cuts.

Iraq Plans to Raise Oil Production to 8 mmbbl/d by 2027

Iraqi Oil Minister Ihsan Abdul-Jabbar declared that his country plans to raise its oil production to 8 million barrels per day (mmbbl/d) by the end of 2027.

Tethys Oil’s June Production Records 342,446 bbl in Oman

Production from the Swedish oil company, Tethys Oil, before the government’s cut, has amounted to 342,446 barrels of oil (bbl) from blocks 3 and 4 onshore Oman in June.

OPEC, non-OPEC Ministerial Meeting Cancelled

OPEC and non-OPEC ministerial meeting to discuss oil output has been canceled affecting Brent crude benchmark.

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