Kurdistan to be Included in Iraq’s Oil Production Cuts
Iraq’s oil minister, Thamer al-Ghadhban, announced that the Kurdistan region is included in the 1 million barrels per day (mmbbl/d) cut of oil production.
Production Cuts | Egypt Oil & Gas - Part 3
Oman’s Oil Production to be Cut by 200,000 bbl/d
Oman has announced that it will cut oil production by 200,000 barrels per day (bpd) following the record OPEC cuts.
Egypt Participates in OPEC+ Meeting
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to cut overall oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, 2020.
IMF Retracts Saudi Arabia’s Economic Growth Forecast
The international Monetary Fund (IMF) has lowered its forecast for Saudi Arabia’s economic growth to 1.9%, retracting its initial anticipation on the kingdom's economic growth to increase by 2.2% in 2020.
OPEC Extends Production Cuts to March 2020
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend oil production cuts until March 2020, during their summit in Vienna.
Saudi Arabia Voices Support for Extending OPEC Cuts
Saudi Arabia believes that the Organization of the Petroleum Exporting Countries (OPEC) should decide to extend the output curbs during its next summit in Vienna, according to Saudi Energy Minister Khalid Al-Falih ...
OPEC, Russia Agree 1.2 Million b/d Production Cut
The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies (OPEC+) agreed to reduce oil production by around 1.2 million barrels per day (b/d) during a meeting in Vienna on December 6.
OPEC Supply Cuts: Oil Production 9% Lower than Agreed
Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee.
Saudi Arabia, Russia Propose 1.5 M b/d Output Increase: Ecuador Oil Minister
Saudi Arabia and Russia are reportedly seeking a 1.5 million barrel per day (b/d) increase in production from signee countries to the OPEC and non-OPEC agreement.
Saudi Oil Output Hits 10 Million b/d
Saudi Arabia has boosted oil output to over 10 million barrels per day (b/d), the highest level since October 2017.
