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Opec+ nations hit 109pc conformity level in JulyOpec and Non-Opec countries participating in the "Declaration of Cooperation" have achieved a conformity level of 109 per cent in July, said the Joint Ministerial Monitoring Committee (JMMC) following a meeting to review the monthly More… |
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Opec, non-Opec pledge supply boostOpec and non-Opec members said they would raise supply by returning to 100 per cent compliance with previously agreed output cuts, after months of underproduction, a media report said. This came in a statement issued at the end of More… |
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Opec, non-Opec conformity level hits 149pc in MarchOrganization of Petroleum Exporting Countries (Opec) and participating non-Opec countries have achieved a conformity level of 149 per cent in March with their voluntary production adjustments, the highest level so far, said a joint ministerial More… |
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Saudi, Russia agree to extend deal to cut oil outputSaudi Arabia and Russia have agreed to extend the Opec and non-Opec oil output reduction deal for another nine months till March 2018, reports said. Saudi Energy Minister Khalid Al-Falih and Russian Energy Minister Alexander Novak More… |
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Oil jumps as non-Opec nations join production cutCrude oil prices surged by more than four per cent at the start of the trading week on Monday after non-Opec producers struck a deal to join their Organization of the Petroleum Exporting Countries (Opec) counterparts in a supply cut scheme at a More… |
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Non-Opec members ready for big oil production cutRussia and several other non-Opec nations have pledged to curb oil production next year at a meeting in Vienna, joining forces with the Organization of Petroleum Exporting Countries to end a global glut that’s crashed oil prices and shaken More… |
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Non-Opec oil output decline rates speed upNon-Opec oil field decline rates have accelerated to 5 per cent as a result of the impact on output from a 41 per cent or $285 billion reduction in global oil & gas capex from the 2014 peak, a Bank of America Merrill Lynch (BofAML) report More… |
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Oil exporters to meet on March 20 to discuss freezeThe world's biggest oil exporters both in and outside the Organization of the Petroleum Exporting Countries (Opec) plan to meet in Moscow on March 20 to discuss an output freeze, an Iraqi oil official told state newspaper Al-Sabah. More… |
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Iraq says Opec, other oil producers should act quicklyOpec and non-Opec producers should act quickly to rebalance the global oil market, otherwise they risk deep damage that could take a long time to fix, a senior Iraqi oil official said on Wednesday. After a surp More… |
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Al Badri urges non-Opec to help clear oil stocks overhangOpec and non-Opec oil producers need to work together to tackle a global stocks overhang so oil prices can recover and investments in new fields begin, Opec secretary-general Abdullah Al Badri said. "It is More… |
