News // Middle East and OPEC
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. Graeber2560
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.RU2700
As members of the OPEC, Nigeria expressed commitment to support all resolutions to stabilize the international oil market.
14 July 2017 , 14:12Neftegaz.RU2850
Kazakhstan is standing by its commitment to stick to the OPEC/non-OPEC agreement for production cuts.
13 July 2017 , 16:11Neftegaz.RU2430
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.RU2360
OPEC has revised its outlook for oil production in Russia in 2017 downwards by 117,000 barrels per day.
15 June 2017 , 12:11Neftegaz.RU3660
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.RU3010
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.RU2330
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.RU3660
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.RU3960
Putin and Maduro discussed the global oil markets situation in a telephone call at Venezuela’s initiative.
19 May 2017 , 14:12Neftegaz.RU3920
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.RU3150
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.RU3020
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.RU3340
Russia has effectively reached its 300,000-bpd production cut target under its agreement with OPEC.
02 May 2017 , 12:11Neftegaz.RU3800
There is only one thing standing in the way of higher oil prices, and it is not U.S. shale companies. The only obstacle standing in the way of higher oil prices today is Russia.
01 May 2017 , 00:01Neftegaz.RU4220
OPEC's secretary general confirmed to Russian media that members of a committee reviewing an oil production deal are preparing for meetings in May.
19 April 2017 , 16:24Neftegaz.RU3640
Russia's oil production will reach a record high of 549 million tons in 2017 despite a planned output reduction.
13 April 2017 , 12:12Neftegaz.RU5320
Oil prices closed higher on April 7 for the 2nd week in a row — and the coming 7 days could be another good period of growth.
10 April 2017 , 13:00Neftegaz.RU3620
Oman has struck a deal with several banks for a $4 bln loan to be repaid in future oil deliveries. Abu Dhabi signed a contract with Vitol to supply it with over half a million tons of liquefied petroleum gas annually over the next decade in exchange for an upfront payment. Other Middle Eastern producers are also considering oil-for-loan schemes, desperate for cash as oil prices stubbornly refuse to go up to the levels they need.
03 April 2017 , 00:03Neftegaz.RU3750