Thursday 23 November 2017
 
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oil production

Russia ready to extend Opec deal, says minister

The international deal between Opec and other countries to cut oil output could be extended beyond March 2018 if needed, said a report citing Russian Energy Minister Alexander Novak. Novak's comments came after his meeting wit

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UAE to cut oil production by 139,000 bpd in November

The Abu Dhabi National Oil Company (Adnoc) will lower its production of oil in November, reflecting the country’s commitment to reduce its share of production by 139,000 barrels per day, which was decided by the Organisation of the Petrole

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Kuwait to maintain oil output rate till March

Kuwait will continue to implement the current oil production rate until March of 2018, Emirates news agency Wam reported, citing Kuwait News Agency. The Joint Opec-Non-Opec Ministerial Monitoring Committee (JMMC)

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Opec commends UAE compliance with output goals

Opec has commended the UAE’s commitment to adhere to its production adjustments for "the remaining period of the Declaration of Cooperation”, a report said. The Declaration was made at the joint Opec-Non-Opec Prod

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More oil cuts possible in future, says Saudi minister

Saudi Energy Minister Khalid Al Falih said further oil output cuts could be needed in the future and Organization of the Petroleum Exporting Countries (Opec) and other leading producers would assess the market situation in July, reported R

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Opec raises forecast on 2017 global demand for oil

Opec has raised the forecast on growth of global demand for oil in 2017 by 10,000 barrels a day to 96.32 million barrels a day, the organization said in its monthly oil market report for April. According to the renewed forecast, i

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Is exploration and production about to be ‘uber-ized’?

Digital disruption is changing everything. Think about the taxi industry. Compare the old way to the new way, and consider the future, such as the move to autonomous vehicles. Accenture, a global management consulting and professi

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Oil market likely to slide into deficit in H1: IEA

If Opec maintains its current production levels to June when the Vienna output deal expires, there will be a market deficit of 0.5 million barrels per day (bpd) for the first half of 2017, assuming, of course, nothing changes elsewhere in supply

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Oil market likely to slide into deficit in H1: IEA

If Opec maintains its current production levels to June when the Vienna output deal expires, there will be a market deficit of 0.5 million barrels per day (bpd) for the first half of 2017, assuming, of course, nothing changes elsewhere in supply

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Iran's 9-month oil revenues top $29bn

Iran's oil revenues have reached $29 billion in the first nine months of the current Iranian calendar year ending March 20, according to a top official with the Petroleum Ministry. Iran's exports of oil and oil condensates

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