Organization of Petroleum Exporting Countries (OPEC) | Egypt Oil & Gas

Global Oil Demand Forecast Cut Again by OPEC 

The Organization of Petroleum Exporting Countries (OPEC) has further curtailed its expectations for the rebound of world oil demand in 2021.

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.

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.

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.

Qatar, Kuwait to Cut Oil Output in 2017

Qatar Petroleum and Kuwait Petroleum Corp (KPC) will reduce production levels from the beginning of 2017, following the recent decisions by OPEC and non-OPEC oil-producing countries to cap output.

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 as the Organization of Petroleum Exporting Countries (OPEC) pushed for a global deal on production cuts.

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 pr ...

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