Saturday 10 December 2016
 
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oil production

Opec to push for non-member oil production cuts

The Opec (Organisation of the Petroleum Exporting Countries) will seek to persuade the non-Opec nations to cut production at its crucial meeting in Vienna on Saturday as part of a newly struck global agreement to stem a crude glut and lift painf

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Opec strikes 'deal on first production cut in 8 years'

The Organization of Petroleum Exporting Countries has reached a deal to cut production by 1.2 million barrels per day (bpd) - its first output cut since 2008 - to clear a record global crude glut, said a report, citing sources. Op

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Iran begins oil production at Yaran field

Iran has commenced oil production from North Yaran oilfield with an output of 30,000 barrels per day with the 10 wells drilled so far, the project's development manager was quoted as saying in a report. Iran's priority is

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Algiers meeting ‘not for decision making’

Opec secretary-general Mohammed Barkindo said the meeting of Opec members and non-Opec producers in Algiers this month would be an informal meeting for consultations and not for decision making, Algerian state news agency APS said on Satuday.

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Libya output 'could fall within days over port row’

Libya may be forced to slash oil production within days if a stand-off between eastern and western factions that has prevented loadings at the Marsa al-Hariga port continues, an official from state oil firm NOC in Tripoli told Reuters on Thursda

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Bahrain eyes new tech to boost oil production

Energy officials are studying a project that will increase Bahrain’s oil production by almost double, reported the Gulf Daily News, our sister publication. To read further, please visit

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UAE urges oil producers to freeze output

Oil producers should freeze production if they cannot agree on a cut to balance the global oil market, the United Arab Emirates energy minister was quoted as saying on Tuesday. State news agency WAM cited Suhail bin Moham

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Oil cuts: Iran may get special terms as it talks tough

Iran could be offered special terms to join cuts ANKARA Iran might be offered special terms as part of an oil output freeze deal, sources said, even as fellow Opec ministers tried to persuade the country to join the

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Opec members eye Iran backing for output cut

Opec members travel to Iran today (February 17) to persuade the country to participate in a deal to freeze output levels, possibly by offering Tehran special terms. Dominant Opec power Saudi Arabia and non-Opec Russia, the world&#

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Kuwait says committed to Doha oil deal

Kuwait is committed to an agreement between top exporters Russia and Saudi Arabia to freeze output provided other producers back it, Kuwait's acting Oil Minister Anas al-Saleh said. "Kuwait welcomes the Doha deal ... and

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