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News // Middle East and OPEC

U.A.E. joins OPEC members with commitment to more oil output

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 , 12:06Daniel J. GraeberNeftegaz.RU3890

Russia gets $63.5 billion windfall from OPEC+ deal

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 , 16:08Tsvetana ParaskovaNeftegaz.RU3190

OPEC+ agrees to increase global oil production by nearly 1 mln barrels per day

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.RU3480

Russia gears up to boost oil production in July

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 , 16:04Tsvetana ParaskovaNeftegaz.RU3440

Iran to veto Saudi-proposed supply boost along with Venezuela and Iraq

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.RU4400

Russia boosts oil production before OPEC meeting

Russia pumped 11.09 million barrels of oil daily in the 1st week of June.

13 June 2018 , 16:08Irina SlavNeftegaz.RU3950

Kazakhstan in consultations on easing OPEC oil output reduction agreement

Kazakhstan is consulting other producers on the potential easing of a 2016 oil output reduction agreement.

05 June 2018 , 10:10Neftegaz.RU2940

Key oil industry figures to discuss OPEC policy, sanctions this week in St. Petersburg

Key oil ministers and company executives will gather in Russia later this week for the St. Petersburg International Economic Forum.

22 May 2018 , 18:00Tsvetana ParaskovaNeftegaz.RU4110

OPEC production cuts: Is Russia complying?

Russia’s oil production held onto an 11-month high in April.

03 May 2018 , 18:00Tsvetana ParaskovaNeftegaz.RU5140

'Back-slider' Iraq keeps oil export levels steady

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 , 15:23Daniel J. GraeberNeftegaz.RU4460

Minister: Azerbaijan not considering joining OPEC, remains committed to output cut deal

Azerbaijan is not considering joining OPEC but remains committed to the OPEC coalition output cut deal.

24 April 2018 , 10:23Neftegaz.RU4440

Rosneft to open a research and development center in Qatar

Rosneft has opened an office of the International center for research and development in Qatar.

29 March 2018 , 18:00Neftegaz.RU4760

OPEC is looking to extend oil production cooperation with Russia for up to 20 years

Saudi Crown Prince Mohammed bin Salman told that OPEC is looking for a long-term agreement of 10 to 20 years.

28 March 2018 , 10:10Neftegaz.RU7450

Russia will stick to the OPEC deal

Russia will continue to comply with the OPEC oil production cut deal.

20 March 2018 , 18:00Irina SlavNeftegaz.RU4080

OPEC drafting agreement to institutionalize market cooperation with Russia, other allies

OPEC is drafting an agreement that would institutionalize the producer group´s oil market cooperation with Russia.

16 February 2018 , 12:06Neftegaz.RU3800

Russia gets $41.5 billion boost from OPEC deal

 Since the start of the OPEC-Russia cut deal, Russia’s oil companies and government have received the equivalent of around $41.5 billion more in proceeds.

14 February 2018 , 14:07Tsvetana ParaskovaNeftegaz.RU4270

Libyan oil production hits post-Gadhafi high

Total oil production from Libya in January was close to 1 million barrels per day.

09 February 2018 , 14:06Daniel J. GraeberNeftegaz.RU3400

U.S oil production to surpass Saudi Arabia, rival Russia this year, says IEA

U.S. domestic crude oil production this year is likely to exceed 10 million b/d.

23 January 2018 , 16:06David BradleyNeftegaz.RU3840

Venezuela presides over OPEC in 2018

Venezuela has assumed the rotating presidency of the OPEC.

22 January 2018 , 13:00Neftegaz.RU3780

Saudi Arabia and Russia: there was «unwavering resolve» to limit oil production

OPEC and non-members met in Oman.

22 January 2018 , 10:26Neftegaz.RU5560

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