Gulf Oil and Gas accountACCOUNT

OPEC & Non-OPEC Committed to Restore Market Stability

Source: www.gulfoilandgas.com 4/20/2017, Location: Asia

Share |
OPEC Secretary-General Mohammad Barkindo said that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industryís five year average and restoring stability to the market.

Barkindo, speaking in the United Arab Emirates, said compliance data in March is showing better conformity by the oil producers with the agreement than in February.

OPEC and non-OPEC producers agreed in December to cut supplies for six months, helping lift oil prices to about $55 a barrel after a two-year slump. OPEC will review policy for the second half of this year at a May 25 meeting.

Barkindo would not say whether the agreement will be extended for another six months, but that any decision taken would be in the interest of all producing and consuming countries.

Production News in Iran >>

Argentina >>  6/18/2018 - President Energy (PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina,...
Brazil >>  6/15/2018 - Petrobras informs that in May its total production of oil and gas, including natural gas liquids (NGL), was 2.67 million barrels of oil equivalent per...

Egypt >>  6/14/2018 - Egypt aims to increase production at its huge Zohr offshore gas field in the Mediterranean to 1.75 billion cubic feet per day in August, Petroleum Min...
Russia >>  6/10/2018 - Russiaís Gazprom Neft expects its new Novoport oilfield to achieve peak production of 8.6 million tonnes per year, up from its previous forecast of 8 ...

Oman >>  6/7/2018 - Tethys Oil's share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in April 2018 to 349,441 barrels ...
Brazil >>  6/6/2018 - Schlumberger NV (SLB.N) and Halliburton Co (HAL.N) are preparing offers for an onshore production sharing deal with Brazilís state-controlled Petrobra...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.