the Organization of Petroleum Exporting Countries (OPEC) | Egypt Oil & Gas

UAE Commits to OPEC Oil Production Cut Agreement

The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).

OPEC Nears Output Cut Extension

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, may continue the production cut agreement as the market is still oversupplied.

Gulf OPEC Members to Raise Output in Case of Shortage

The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage.

Algeria to Reduce Oil Output as Part of OPEC Deal

Algeria has reduced its oil output by around 24,000 to 25,000 barrels per day (b/d) starting from January 1.

OPEC to Determine Country Quotas for Oil Output Cut

OPEC plans to determine the oil output quotas for its members and its allies to strengthen the crude price.

Nigeria Boosted Oil Output in September

The Organization of Petroleum Exporting Countries (OPEC) showed that Nigeria’s crude oil output rose by 280,700b/d to 1.385mb/d in September.

Aramco Cancelled Asian Cargoes

The state oil giant Saudi Aramco cancelled a rare offering of prompt cargoes to buyers in Asia, after the Organization of Petroleum Exporting Countries (OPEC) reached a deal to cut output on Sept. 28.

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