production freeze | Egypt Oil & Gas - Part 2
OPEC Agreed on Output Cuts
Crude oil prices steadied around $50 a barrel, holding onto big gains made after the Organization of Petroleum Exporting Countries (OPEC) and Russia agreed to restrict production, Reuters reported. OPEC agreed to cut ... OPEC Agreed on a Production Freeze
Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to reduce their oil output to 32.5mb/d from the current production levels of around 33.24mb/d, with global prices of oil jumping by more t...
Russia,Saudi Arabia Talk Oil Market Stability
The Russian Energy Minister, Alexander Novak, said that his country is consulting with Saudi Arabia and other producers to achieve oil market stability, adding that the door is still open for more discussions on outpu...
Algeria Expected to Push for Production Freeze
Algeria and other OPEC members are expected to push for a production freeze during an OPEC informal meeting scheduled for late September in Algiers, The North Africa Post reported. The President of the Organization of...
Russia Relunctant to Renew Output Freeze Talks
Russia sees no need for renewing discussion of an oil-output freeze at current crude prices, while leaving open the possibility for future talks with the Saudi counterparts, Bloomberg reported. The Russian Energy Mini...
Venezuela Seeks to Revive OPEC Freeze Talks
Venezuela’s Oil Minister, Eulogio del Pino, has spoken to the Organizations of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammed Barkindo, ahead of a meeting between OPEC and non-OPEC producer...
