Production-Cut Agreement | Egypt Oil & Gas - Part 2
Crown Prince: Saudi Arabia Prepared for Production-Cut Extension
Saudi Arabia is prepared to extend the production-cut arrangement, Crown Prince Mohamed bin Salman stated, according to Reuters. “The Kingdom affirms its readiness to extend the production cut agreement, which proved ...
Russian Minister: To Soon to Decide on Production-Cut Extension
The Russian Energy Minister, Alexander Novak, said it was too early to make a decision on extending production cuts past next March, Reuters reports. OPEC is expected to discuss an extension of its production-cut agre...
Saudi Minister: Oil Investments Returning
Oil investments are rising again due to the reduction in global oil stocks and an improving global economy, the Saudi Energy Minister, Khalid El Falih, told Reuters. The production-cut agreement between OPEC and a num...
Saudi Arabia Remains Committed to Cuts
Despite positive signs in the oil market, Saudi Arabia remains committed to further drawing down global oil stocks, the Saudi Arabian Energy Minister, Khalid El Falih, said Tuesday, according to Reuters. Noting that S...
Russia, Saudi Arabia to Discuss Markets, Production-Cut Deal
Russian and Saudi ministers will meet early next month to discuss global oil markets and the future of the production-cut agreement, the Russian Energy Minister, Alexander Novak, said, according to Reuters. “This does...
Compliance with Production-Cut Agreement at 120%
Compliance with the production-cut agreement reached 120% in September, according to the Joint Ministerial Monitoring Committee (JMMC) for the agreement, Egypt Oil & Gas reports. “The market has improved a lot but...
OPEC Likely to Extend Production Cuts
OPEC’s agreement with Russia and other non-OPEC producers to cut oil production will probably be extended a further nine months to the end of 2018, OPEC sources told Reuters. The agreement is currently set to expire i...
Iran Wants to Extend Production-Cut Agreement
Iran favors an extension to the production-cut agreement between OPEC and some other, non-OPEC oil producers until the end of 2018, an Iranian official told Bloomberg. “We are pleased with the way OPEC has decided to ...
