OPEC, Non-OPEC Countries to Discuss Non-Compliance with Agreement

• Monday, 31st July 2017
• by Editorial Team

Kuwait and Russia will chair a meeting in Abu Dhabi on August 7th and 8th to discuss why some signatories of last year’s oil-production agreement are failing to fulfill their promises to cut production, Bloomberg repo...

UAE Promises More Oil Production Cuts Starting September

• Wednesday, 26th July 2017
• by Editorial Team

The United Arab Emirates (UAE) renewed its commitment to the Organization of Petroleum Exporting Countries (OPEC) agreement on limiting production and said it would boost its own curbs, Bloomberg stated. The Abu Dhabi...

Nigeria Exempted from OPEC Production Cuts

• Monday, 29th May 2017
• by

The Nigerian Minister of State for Petroleum Resources, Ibe Kachikwu, has announced that the Organization of Petroleum Exporting Countries (OPEC) and its other non-producers allies granted Nigeria another exemption fr...

Egypt to Attend OPEC Oil Cuts Meeting

• Tuesday, 16th May 2017
• by Sarah Samir

Egypt was invited to attend the meeting of the Organization of the Petroleum Exporting Countries (OPEC) for oil production cuts on the 25th of May, reported Reuters. OPEC, Russia and other producers agreed in 2016 to ...

Iran to Join Oil Production Cuts

• Wednesday, 19th April 2017
• by Sarah Samir

Iranian Oil Minister, Bijan Zanganeh, told media that Iran is ready to join the initiative of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production, reported Oil Price. Zanganed said that ...

Iraq, Angola to Extend OPEC Production Cuts

• Tuesday, 7th March 2017
• by Sarah Samir

Iraq and Angola are willing to extend the production cuts of the Organization of the Petroleum Exporting Countries (OPEC) during the second half of 2017 as the global rally in prices shows signs of stalling, reported ...

Qatar, Kuwait to Cut Oil Output in 2017

• Monday, 19th December 2016
• by Egypt Oil & Gas

State-owned Qatar Petroleum, one of the largest oil companies in the world, announced that it will reduce production levels from the beginning of 2017, following the recent decisions by the Organization of Petroleum E...