production cut | Egypt Oil & Gas
OPEC’s Meeting: Libya’s Production Cuts Ruled Out for Now
Curbing oil production from Libya was not on the agenda of the Organization of the Petroleum Exporting Countries (OPEC) meeting that occurred on July 24th in St. Petersburg, Bloomberg stated. Accordingly, Libya will n...
Libya, Nigeria May Adjust Oil Output
Libya and Nigeria, exempt from global oil cuts in 2017, may attend a joint meeting between members of the Organization of the Petroleum Exporting Countrys (OPEC) and non-OPEC nations late July as oil producers look fo...
Zanganeh: OPEC Aims for Deeper Output Cuts
Iranian Oil Minister, Bijan Zanganeh, said that OPEC members are considering further oil output cuts but should wait until the effect of the current reduced level of production is made clear. Zanganeh said “We a...
Saudi Aramco Raises Crude Prices to Asia, USA and Northwest Europe
Saudi Arabia, the world’s largest oil exporter, raised pricing for July sales of all crude grades to Asia, the USA and Northwest Europe as it seeks to take advantage of increased demand after suppliers extended produc...
Kuwait Favors an OPEC Output Cut Extension
Kuwait wants the Organization of Petroleum Exporting Countries (OPEC) to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market, Bloomberg rep...
OPEC Committee to Meet in January
Kuwait’s Oil Minister, Essam Abdul Mohsen Al-Marzouq, said that an OPEC committee responsible for monitoring compliance with a global agreement to reduce oil output will meet in the first half of January, Reuter...
Libya’s NOC Confirmed Oil Pipeline Reopened
Libya’s National Oil Corporation (NOC) said that pipelines leading from the western fields of Sharara and El Feel had been reopened after a two-year blockade, paving the way for a major boost to production, Reut... OPEC’s Oil Output Hit Record High Amid Freeze Talks
The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo, announced that the group will be meeting non-OPEC countries in Vienna to finalize a global oil production cut a...
Nigeria Exempted from OPEC Output Cuts
Nigeria got special concessions as the Organization of Petroleum Exporting Countries (OPEC) reached the much sought consensus to cut oil production by 1.2m b/d, effective January 2017, informed Premium Times. A statem...Page 1 of 1
