Production Cuts | Egypt Oil & Gas
Iraq Denies Asking For Exemption From OPEC+ Cuts
Iraq rejects stories that they are seeking an exemption from OPEC+ cuts, with Oil Minister Ihsan Abdul Jabbar maintaining that an increase in production would cause crude prices to fall, according to Bloomberg. In the... OPEC+ Revises Oil Demand for 2021
The Organization of Petroleum Exporting Countries and its allies (OPEC+) have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated, according to a confidential document seen by Reu...
Alberta Set to Increase Production Ahead of Schedule
Canada’s most prolific oil-producing province, Alberta, is set to increase its crude production in December ahead of schedule as coronavirus-related shutdowns ease pipeline congestion, according to Reuters. This is a...
Lukoil Seeks to Inaugurate New Oilfield Projects in Iraq
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand, according to Bloomberg. Lukoil, who has a substantial presence i...
Saudi Crude Exports Rise MoM
Saudi Arabia’s crude exports and total product have risen over two consecutive months from its historical low in June by 1.49 million barrels per day (mmbbl/d) to 6.99 mmbbl/d in August, according to data from JODI. I... OPEC’s September Output Rises for Third Consecutive Month
The Organization of the Petroleum Exporting Countries (OPEC) has seen output rise for the third consecutive month after the resumption of Libyan oil production and higher Iranian export levels, according to Reuters. A... OPEC Monitoring Libyan Output Closely
The Organization for Petroleum Exporting Countries and its allies (OPEC+) are closely watching attempts to resume oil output in Libya and are assessing the situation, according to Reuters. A restart in Libyan exports ... Iraq Asks KRG to Cut Production by 120,000 bbl/d
Iraq’s federal government has requested that the Kurdistan Regional Government (KRG) cut its oil production by 120,000 barrels per day (bbl/d), according to Reuters. At present, the semi-autonomous Kurdistan Region of...
