Saudi Aramco, Gazprom to Increase Cooperation over Gas
Saudi Aramco and Gazprom have agreed to increase their cooperation in the gas sector by setting up a joint coordinating committee.
Russia | Egypt Oil & Gas - Part 23
Most Countries Back OPEC, non-OPEC Agreement Extension: Al-Mazrouei
The majority of OPEC and independent oil producing countries support turning the OPEC non-OPEC agreement into a long-term producers’ alliance.
Extension of OPEC-led Cuts Hinges on Market Conditions: Kuwait
Kuwait Oil Minister Bakhit Al-Rashidi said on April 16 that market conditions would determine whether OPEC's agreement with non-OPEC countries to cut oil production will extend beyond the end of 2018.
OPEC Cuts Necessary for High Oil Prices: Qatar
Qater has affirmed the need to maintain current oil supply curbs over the long-term to ensure the market continues to stabilise and guarantee that prices fully recover from the 2014 crash.
Russian Iran Hydrocarbon Investments May Exceed $50 B
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields.
Iraq to Raise Crude Oil Production to 6.5 mb/d
In accordance with the OPEC, non-OPEC agreement, spearheaded by Russia and agreed in early 2017 to cut supply and boost prices, Iraq is currently producing 4.4 million barrels per day (mb/d).
Iraq May Have Double the Current Oil Reserve Estimates
Iraq may have double the current estimated amount of oil reserves, the country’s oil minister Jabar Al-Luaibi said.
OPEC Members Suggest Supply Cuts Extension
A number of oil exporting countries have suggested a six-month extension to the supply cut deal agreed by OPEC and non-OPEC nations.
OPEC, Russia Consider 10-20 Year Oil Alliance
Riyadh and Moscow are considering extending Russia’s current short-term alliance with OPEC to curb oil production that began in January 2017 after a crash in crude prices.
Saudi Arabia Offsets OPEC Cuts with Record Fuel Exports
Saudi Arabia exported a record amount of gasoline and diesel in January 2018, helping the kingdom to offset the crude production cuts mandated by OPEC.
