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OPEC+: Understanding the differences over oil production capacity
29-May-2024- Gulf Business
- Oil & Gas
- 29-May-2024
Saudi Arabia will extend its voluntary output cut of one million barrels per day (bpd) through December, the state-run SPA reported today, Nov. 5, citing an official source at the Ministry of Energy. The Kingdom’s output will near nine million bpd in December. Saudi Arabia will revisit this decision next month to consider extending it, deepening it, or increasing production, according to the source. Today’s cut is paired with the voluntary oil-output cut announced by the Kingdom in April through December 2024, the source added. The additional voluntary cut builds on OPEC+ precautionary efforts to enhance the stability and balance of oil markets.
06-Nov-2023- Eye of Riyadh
- Oil & Gas
- 06-Nov-2023
World oil demand growth estimate for 2023 unchanged at 2.4mb/d
17-Oct-2023- Times of Oman
- Oil & Gas
- 17-Oct-2023
Kuwait’s economic activity showed signs of further moderation in 2Q23
26-Jul-2023- Kuwait Times
- Financial Services
- 26-Jul-2023
Libya Minister tells WAM: Gas exports to Europe continue, no increase planned
05-Jul-2023- Emirates News Agency
- Oil & Gas
- 05-Jul-2023
Saudi cuts output at OPEC+ meet in bid to support prices amid softer demand
08-Jun-2023- Kuwait Times
- Oil & Gas
- 08-Jun-2023
