News // Middle East and OPEC
It's best to draw out of the OPEC-led effort to balance the market with production cuts during the summer when demand is high.
29 September 2017 , 13:30Neftegaz.RU9420
Nigeria may be ready to give up its status as an OPEC member exempt from the effort to balance the market with production cuts.
25 September 2017 , 10:21Neftegaz.RU8090
Russia is doing more than it needs to in order to move the level of oil on the market closer to the 5-year average.
14 September 2017 , 10:14Neftegaz.RU6660
The value of the U.S. dollar is having more of an impact on oil markets than the OPEC effort to trim production.
08 September 2017 , 18:00Neftegaz.RU8760
Iraq said it has gone deeper than its pledged oil-output cut.
04 September 2017 , 13:00Neftegaz.RU6980
Hundreds of millions of barrels of crude oil are lacking from the global energy market because of joint efforts with OPEC.
24 July 2017 , 15:31Daniel J. Graeber6360
Libya has been called on by the OPEC to share production plans at a summit next week, an oil company director said.
19 July 2017 , 10:12Neftegaz.RU6600
As members of the OPEC, Nigeria expressed commitment to support all resolutions to stabilize the international oil market.
14 July 2017 , 14:12Neftegaz.RU7330
Kazakhstan is standing by its commitment to stick to the OPEC/non-OPEC agreement for production cuts.
13 July 2017 , 16:11Neftegaz.RU8460
Russia will oppose any attempts to deepen the oil production cuts currently in effect in OPEC and 11 other oil producers.
06 July 2017 , 10:11Neftegaz.RU6070
OPEC has revised its outlook for oil production in Russia in 2017 downwards by 117,000 barrels per day.
15 June 2017 , 12:11Neftegaz.RU8310
It is something of an unholy alliance, but Russia and Saudi Arabia are becoming ever closer allies in a graphic example of realpolitik.
07 June 2017 , 16:11Neftegaz.RU7040
Kazakhstan’s energy officials are continuing to officially confirm to the public what is already widely known by now - that they have no intention to stick by pledges on oil output curbs.
05 June 2017 , 00:34Neftegaz.RU6760
One OPEC delegate at the meeting in Vienna said the group of 14 oil producers had agreed to extend cuts in production by 9 months to March 2018.
25 May 2017 , 16:17Neftegaz.RU13210
Rosneft has begun strategic planning for post-OPEC cut oil markets, according to the state-owned oil giant’s CEO Igor Sechin.
19 May 2017 , 16:15Neftegaz.RU7390
Putin and Maduro discussed the global oil markets situation in a telephone call at Venezuela’s initiative.
19 May 2017 , 14:12Neftegaz.RU8680
Saudi Arabia and Russia have agreed to extend the Opec and non-Opec oil output reduction deal for another 9 months.
15 May 2017 , 17:27Neftegaz.RU8400
An agreement on oil output cuts reached by major oil-producing countries is likely to be extended for another 6 months or even longer, Novak said.
15 May 2017 , 13:00Neftegaz.RU7450
Saudi Aramco will be launching in 2018 the revamped Muajjiz oil terminal on the Red Sea that would raise the Kingdom’s oil loading and export capacity to 15 mln bpd.
02 May 2017 , 14:16Neftegaz.RU20460
Russia has effectively reached its 300,000-bpd production cut target under its agreement with OPEC.
02 May 2017 , 12:11Neftegaz.RU8250