Production-Cut Agreement
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Plans for Exiting Production-Cut Agreement to be Announced in June
Wednesday, 13th December 2017
OPEC and its oil-producing allies will announce in June their plans for exiting the production-cut agreement.
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Production-Cut Exemptions to be Discussed at OPEC Meeting
Wednesday, 29th November 2017
Libya and Nigeria’s exemptions from the production-cut agreement could be questioned at tomorrow’s meeting between OPEC and some non-OPEC oil producers.
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Oil Producers Considering Modified 9-Month Extension of Cuts
Wednesday, 29th November 2017
OPEC and its oil-producing allies are considering a modification of the proposed nine-month extension of the production-cut agreement.
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Saudi Arabia, Russia Reach Framework for Extending Cuts
Sunday, 26th November 2017
Russia and Saudi Arabia have agreed to a basic framework for extending the production-cut agreement.
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Saudi Arabia Pushes to Extend Cuts 9 Months but Doubts Linger
Thursday, 23rd November 2017
Saudi Arabia is pushing for an extension of the OPEC-led production-cut agreement by an additional nine months until the end of 2018.
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Iranian Minister: OPEC Leaning toward Extension
Tuesday, 21st November 2017
Most OPEC members favor an extension of the production-cut agreement.
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Bahrain Indicates Support of Production-Cut Extension
Tuesday, 14th November 2017
Joining a growing list of counties expressing support for an extension of production cuts, the Bahraini Oil Minister, Sheikh Mohammed bin Khalifa El Khalifa, indicated that Bahrain had no reason to oppose an extension of the production-cut agreement
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UAE, Oman Indicate Decision on Production Cuts This Month
Tuesday, 14th November 2017
A decision on extending OPEC’s production-cut agreement with ten other oil producers could be made this month, energy ministers from the UAE and Oman indicated on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
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Saudi Energy Minister: “More Needs to be Done”
Sunday, 5th November 2017
Oil producers must do more to reduce the global oversupply of crude oil, the Saudi Energy Minister, Khalid El Falih, said on Saturday.
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Saudi Arabia, Kazakhstan Reiterate Importance of Production Cuts
Sunday, 5th November 2017
Officials from Saudi Arabia and Kazakhstan noted the importance of ongoing production cuts during a recent meeting in Uzbekistan.
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 66.70 | +0.92% |
Crude Oil (Brent) Brent | USD/bbl | 70.02 | +0.95% |
NYMEX Natural Gas | USD/MMBtu | 2.71 | +0.48% |
OPEC Basket Price | USD/bbl | 62.15 | +0.29% |
Last Modified March 8, 2021