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Tag: OPEC

Is Iraq Finally Complying With The OPEC+ Oil Output Deal?

OPEC’s second-largest producer, Iraq, which is also the least compliant member of OPEC+, has made significant cuts in its crude oil exports so far in…

Azerbaijan Fulfilled Its Obligations under OPEC + by 98% in May

Oil production in Azerbaijan in May 2020 amounted to 557.2 thousand bpd against the April indicator of 679.8 thousand bpd, the Ministry of Energy reports….

Barkindo Expresses Desire to See Azerbaijan as Member of OPEC

The world owes a lot to Azerbaijan for promoting international energy cooperation and for being at the forefront of efforts to ensure sustainable stability of…

Oman Is Desperate For Help As Economy Crumbles

Non-OPEC oil producer Oman has been talking to other countries in the Gulf about potentially receiving financial aid to help its economy and fiscal position…

OPEC and Russia Agree to Extend Oil Production Cuts

The original deal would have allowed increases starting next month. The new pact reflects producers’ concerns that the oil market could fall apart again. By Stanley…

OPEC+ ministerial meeting postponed to April 9

The meeting of ministers of OPEC+ countries has been postponed to April 9, 2020, Advisor to the Minister of Energy of Azerbaijan Zamina Aliyeva told Trend….

US, Russia top energy officials discuss oil prices, agree on dialogue involving G20

The oil market has been extremely volatile since early March after OPEC+ members failed to reach an agreement on oil production cuts, and also amid…

EIA decreases previously forecast oil extraction volume in Kazakhstan for 2020

Kazakhstan will produce 2.02 million barrels of oil and other liquids per day in 2020, Trend reports with reference to the March Short-term Energy Outlook (STEO) of…

OPEC, non-OPEC agreement accessible before april

Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March….

OPEC aims to extend oil output cuts through June, alarmed by China virus

OPEC wants to extend current oil output cuts until at least June, with the possibility of deeper reductions on the table if oil demand in…

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