Production-Cut Agreement | Egypt Oil & Gas - Part 3

UAE Announces Further Production Cuts

The UAE will make further oil-production cuts in November.

OPEC Production Increases 50k b/d in September

OPEC crude production has risen in September.

UAE Oil Minister: UAE 100% Compliant with Production Agreement

The UAE is fully compliant with its commitments under the production-cut agreement instituted by OPEC and other major, non-OPEC oil producers, according to the UAE Energy Minister

Iran Calls for OPEC to Address Libyan, Nigerian Production

The Iranian Minister of Petroleum, Bigan Zangeneh, singled out Libya and Nigeria in comments to the press yesterday, calling for changes in OPEC policy towards the two countries.

OPEC, Russia: Production-Cut Agreement Working

After meeting last Friday in Vienna, ministers from OPEC and major, non-OPEC oil-producing countries, said their production-cut agreement had drawn down global oil stocks.

Iraq Indicates Willingness to Extend Cuts

Iraq favors an additional one-percent cut in oil production by OPEC and its fellow oil producers.

Saudi Arabia, UAE Signal Willingness to Extend Production Cuts

The oil ministers of Saudi Arabia and the UAE indicated that their countries were willing to consider an extension of the production-cut agreement between OPEC and major, non-OPEC oil producers.

Saudi Arabia, Russia Push Extension of Production Cuts

Saudi Arabia and Russia are advocating a three-month extension of January’s production-cut agreement.

ADNOC to Cut October Crude Production by 10%

Abu Dhabi National Oil Company (ADNOC) will cut its crude oil output in October by 10%.

Iraq’s Oil Exports Trend Lower

Iraq’s oil exports from its southern ports have declined so far this month.

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