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Opec+ oil output cut deal compliance at 129pcThe compliance of Opec and non-cartel producers with the Vienna oil output deal reached 129 per cent in August, a media report said, citing an announcement by the Joint Opec-non-Opec Ministerial Monitoring Committee (JMMC) following its tenth me More… |
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98pc global compliance in limiting oil output: KuwaitThe commitment rate to an agreement on limiting oil production by the Organisation of the Petroleum Exporting Countries (Opec) member countries and non-Opec countries was around 98 per cent last June, said Essam Al-Marzouq, Minister of Oil of Ku More… |
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Oil producers extend output cut by 9 monthsOpec and non-Opec oil producers agreed to extend output cuts for an additional nine months at an Opec meeting in Vienna, Austria yesterday (May 25), a report said. The production cuts of 1.8 million barrels a day, first agreed on More… |
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Saudi sees no need for Opec output cut next yearOpec does not need to cut output next year, according to the latest oil supply and demand estimates, the oil minister of top exporter Saudi Arabia told Reuters on Tuesday. Demand for Saudi crude was increasing and this was evidence the eco More… |
