Organization of Petroleum Exporting Countries (OPEC) | Egypt Oil & Gas
OPEC Struggles to Keep Russia Longer in Oil Cuts
Saudi Arabia struggles in persuading Russia to stay longer with the Organization of Petroleum Exporting Countries (OPEC)’s strategy of oil cuts, sources familiar with the topic said, Reuters reported. Moscow has respo...
Nigeria’s Oil Output Dropped to 1.45mb/d
Nigeria recorded the biggest oil production decline among Organization of Petroleum Exporting Countries (OPEC) members in December, as output dropped by 200,000 barrels to 1.45mb/d, All Africa reported. This drop in c...
Saudi Arabia to Boost Oil Revenues by 46%
Saudi Arabia expects oil revenue to jump by 46% next year after a deal between the kingdom and other producers to curb output drove up global prices, Bloomberg reported. The world’s top oil exporter expects to collect...
Qatar, Kuwait to Cut Oil Output in 2017
State-owned Qatar Petroleum, one of the largest oil companies in the world, announced that it will reduce production levels from the beginning of 2017, following the recent decisions by the Organization of Petroleum E...
KSA Production Reached 10.72mb/d of Oil
The Kingdom of Saudi Arabia (KSA) pumped 10.72mb/d of oil, a record-high in November and up from 10.625mb/d in October. This came as the Organization of Petroleum Exporting Countries (OPEC) pushed for a global deal on...
Saudi Arabia, Russia Talk Oil Price Stability
The crown prince of Saudi Arabia, Mohammed Bin Salman, met the Russian President, Vladimir Putin, on the sideline of the G20 summit in eastern China, to discuss possible cooperation regarding oil production freeze pro...Page 1 of 1
