Production-Cut Agreement | Egypt Oil & Gas - Part 2

UAE to Continue Cuts into December

The UAE announced it would continue its production cuts in December.

Crown Prince: Saudi Arabia Prepared for Production-Cut Extension

Saudi Arabia is prepared to extend the production-cut arrangement.

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.

Saudi Minister: Oil Investments Returning

Oil investments are rising again due to the reduction in global oil stocks and an improving global economy

Saudi Arabia Remains Committed to Cuts

Despite positive signs in the oil market, Saudi Arabia remains committed to further drawing down global oil stocks.

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.

Compliance with Production-Cut Agreement at 120%

Compliance with the production-cut agreement reached 120% in September.

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.

Iran Wants to Extend Production-Cut Agreement

Iran favors an extension to the production-cut agreement between OPEC and some non-OPEC oil producers until the end of 2018.

OPEC 86% Compliant with Production-Cut Obligations

OPEC compliance with the oil-production agreement implemented in January between OPEC and major, non-OPEC oil producers is at 86%.

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