US shale | Egypt Oil & Gas

US Shale Oil Production Expected to Record 8.1 M (b/d), Highest Since May 2020

US shale oil production is projected to reach 8.1 million barrels per day (b/d) in September 2021, recording the highest production levels since May 2020.

ADIPEC Dialogue Reveals Manufacturing Crucial For Oil Market Recovery

The latest ADIPEC Energy Dialogue maintains that manufacturing is key to the mid-term revival of the oil and gas markets as consumer demand is expected to lag.

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.

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.

Oil Producers Extend Output Cuts for 9 Months

Oil producers chose to extend supply cuts of 1.8mb/d for nine extra months, amidst a global glut of crude and rising US shale gas production.

Saudi Arabia Aims Barrel Price to Hit $60

Saudi Arabia wants crude oil prices to rise to around $60 a barrel in 2017, five sources from OPEC countries and the oil industry said.

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