Iraq Denies Asking For Exemption From OPEC+ Cuts
Iraq rejects stories that they are seeking an exemption from OPEC+ cuts, with Oil Minister Ihsan Abdul Jabbar maintaining that an increase in production would cause crude prices to fall.
OPEC | Egypt Oil & Gas - Part 9
OPEC+ Revises Oil Demand for 2021
The Organization of Petroleum Exporting Countries and its allies (OPEC+) have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated.
Lukoil Seeks to Inaugurate New Oilfield Projects in Iraq
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand.
Saudi Crude Exports Rise MoM
Saudi Arabia’s crude exports and total products have risen over two consecutive months from its historical low in June by 1.49 million barrels per day (mmbbl/d) to 6.99 mmbbl/d in August.
Novak: OPEC+ Set to Relax Oil Cuts As Planned
Russian Energy Minister Alexander Novak announced on 14 October that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.
UAE, Algeria Committed to OPEC+ Deal
The United Arab Emirates (UAE) has reaffirmed its commitment to the Organization of Petroleum Countries and its allies (OPEC+) output deal despite rising domestic needs.
Russia Oil, Gas Production Exceeds OPEC Pact
Russian oil and gas condensate production has edged to 9.93 mmbbl/d in September, slightly exceeding its Organization of Petroleum Exporting Countries’ (OPEC) quota.
OPEC’s September Output Rises for Third Consecutive Month
The Organization of the Petroleum Exporting Countries (OPEC) has seen output rise for the third consecutive month after the resumption of Libyan oil production and higher Iranian export levels.
OPEC Further Cuts Oil Demand Forecasts for 2020/21
The Organization of Petroleum Exporting Countries (OPEC) has further reduced its forecast for global oil demand amid the weaker-than-expected recovery in India and other Asian countries.
Jordan Set to Resume Oil Imports from Iraq
Net oil and gas importer, Jordan, is set to resume crude imports from its Middle Eastern neighbor, Iraq, later on in September after shipments were suspended due to the pandemic.
