News // Middle East and OPEC
Mohammad Barkindo urged members of the producer group and its 10 allies to remain firm in achieving their output cut goals.
13 February 2019 , 12:06Neftegaz.RU4360
Due to weather and geological conditions in the cold Russian winter, Russia cannot cut its oil production too quickly, Alexander Novak said, reiterating Moscow's commitment to stick to the new OPEC+ deal and to gradually reduce production.
21 January 2019 , 01:53Neftegaz.RU3000
OPEC did not change the forecast for average daily oil production in Azerbaijan at the end of 2018.
14 December 2018 , 10:11Neftegaz.RU6590
Novak said that Russia could reach its target to cut oil production by 228,000 b/d under the OPEC/non-OPEC production cut agreement.
12 December 2018 , 14:10Neftegaz.RU6500
After Russia agreed on December 7 to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it would take Russia months to get down to its requested level.
10 December 2018 , 00:02Neftegaz.RU4910
OPEC and its allies must cut oil production by 1.5 million barrels per day next year.
07 December 2018 , 12:08Neftegaz.RU5540
Qatar is set to leave the OPEC, having joined the cartel back in 1961.
03 December 2018 , 15:22Neftegaz.RU6040
JMMC concluded that the oil supply could rise above global requirements in 2019.
12 November 2018 , 17:25Neftegaz.RU6480
KPC has set the official selling prices for its new Super Light Crude grade at a premium.
19 October 2018 , 12:06Neftegaz.RU5960
Petrofac secured a 4-year renewal of a contract for maintenance management services for a client in Iraq.
09 October 2018 , 12:07Neftegaz.RU5020
The UAE became the latest party to an OPEC-led effort to stabilize the oil market with pledges of an increase in production.
04 July 2018 , 12:06Neftegaz.RU7050
Russia’s budget has received more than $63.5 billion in additional revenues thanks to the production cut deal between OPEC and non-OPEC nations.
03 July 2018 , 16:08Neftegaz.RU7940
OPEC and non-OPEC oil producers agreed on June 23 to share increased oil production in a move that is seen as stabilizing global energy prices.
25 June 2018 , 00:04Neftegaz.RU8660
Russia’s plans for exports and refinery runs in the coming months point to Moscow preparing to increase its oil production, as early as in July.
22 June 2018 , 16:04Neftegaz.RU7660
Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq is going to veto Saudi Arabia’s proposal to increase oil production.
19 June 2018 , 18:00Neftegaz.RU7960
Russia pumped 11.09 million barrels of oil daily in the 1st week of June.
13 June 2018 , 16:08Neftegaz.RU7950
Kazakhstan is consulting other producers on the potential easing of a 2016 oil output reduction agreement.
05 June 2018 , 10:10Neftegaz.RU6470
Key oil ministers and company executives will gather in Russia later this week for the St. Petersburg International Economic Forum.
22 May 2018 , 18:00Neftegaz.RU7400
Russia’s oil production held onto an 11-month high in April.
03 May 2018 , 18:00Neftegaz.RU9080
Iraq brought in nearly $6.5 million last month by exporting an average of nearly 3.5 million barrels of oil per day,.
25 April 2018 , 15:23Neftegaz.RU7350