OPEC
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Opec Oil Output Rise In April01 May 2016OPEC's oil output rise in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset...Opec Officials Fail To Agree On Plan To Reduce Oil Production30 October 2016OPEC officials meeting in Vienna to work out the details of their plan to reduce oil production failed to reach agreement after hours of talks on Friday, amid objections by Iran wh...Kuwaiti Oil Minister Touts Opec Cut Conformity22 July 2017OPEC member states' output cut conformity is "historic and unprecedented, Kuwaiti Minister of Oil Essam Al-Marzouq said on Friday. Upon arrival in Saint Petersburg in R...Kuwait To Raise Oil Output After Opec Deal Al-rashidi25 June 2018Kuwait will increase oil output in line with a recent OPEC agreement to open taps for one million barrels per day (bpd), a deal that will have “positive” impacts on mar...A New Instruction Issued To All Members Of Opec21 October 2018A new instruction has been issued to all members of OPEC – not to talk about any price level. This is indeed the new guidelines given to its members. This is aimed at avoidin...Opec Should Not Raise Its Oil Production24 March 2019OPEC should stick to its current oil production of 34 million to 35 million barrels per day, with smallest possible spare capacity, as oil will stay below $70 per barrel under the...Cheap Oil Cost But Of No Value – Time For Opec To Find Another Source Of Income31 March 2019There is no need to brag that the cost of Arabian Gulf crude oil is $10 per barrel, or that Saudi Aramco’s cost of production is $4 per barrel. It is not a big deal as low-co...Kuwait’s Oil Production Declined By 10 Thousand Bpd21 May 2019 Kuwait’s oil production declined by 10 thousand barrels per day from 2.707 million bpd to 2.697 million bpd in April, according to a report of the Organization of Petro...Opec Must Continue Its Oil Cuts For Another 6 Months23 June 2019OPEC has no choice or alternative other than to continue with the reduction of 1.2 million barrels for another six months. It must work with Russia and have its concurrence. Withou...Will Opec’s Further Oil Production Cuts Work?08 December 2019THIS is the question that is being debated by oil and energy experts. Will this further reduction of 500,000 barrels by OPEC-plus lead to retaining the oil prices within the range...Oil Markets Witnessed Remarkable Improvement Due To Opec+ Deal, Remarks Minister Of Oil07 June 2020Oil markets have witnessed a remarkable improvement recently due to the historical OPEC+ agreement, said Kuwait’s Oil Minister and Acting Minister of Electricity and Water, D...Kuwaitis’ 60 Years Efforts In Opec Very Prominent15 September 2020Kuwaiti employees at OPEC played a big role in developing the organization’s work for 60 years, said Kuwait’s Governor at OPEC Haitham Al-Ghais on Monday. Kuwait is one...Opec Secretary General: The Worst For The Oil Market Is Over08 October 2020Mohamed Barkindo, Secretary-General of OPEC, said today, Thursday, that the worst for the oil market is over, following the collapse in prices and demand this year due to the Cor...Demand On Opec Crude Drops Seven Million Barrel A Day Due To Covid-1913 October 2020OPEC said demand for its crude in 2020 has dropped by around 7 million a day to 22.4 million barrels a day compared with 2019 as a result of the COVID-19 pandemic. Demand for OPEC...Kuwait Supports Opec Efforts To Restore Oil Market’s Stability20 October 2020Kuwait supports all efforts by OPEC member countries to restore stability in the international oil markets following the sharp decline in demand because of the coronavirus pandemic...