Foreign Minister Faisal bin Farhan noted a desire to reinstate the Saudi ambassador to Iraq as soon as possible
OPEC
Posted inDRILLING & PRODUCTION
Saudi and Kuwait to halt neutral zone production in June
The countries will stop production for a month as part of measures to reduce oil output
Posted inDRILLING & PRODUCTION
Kuwait to voluntarily cut 80,000 bpd in June
It is one of several Gulf nations making additionals cuts to production to help balance the market
Posted inNews
Read the May issue of Oil & Gas Middle East for free
ITP Media Group move to offer free digital magazines is in line with the latest government decree reducing the circulation of printed magazines and newspapers within the UAE
Posted inDRILLING & PRODUCTION
Saudi Arabia and Kuwait start cutting oil output ahead of schedule
The two nations acted prior to the May 1 deadline set by OPEC+
Posted inDRILLING & PRODUCTION
Canada, Iraq and Venezuela lead production shut down: Rystad
Globally, at least 1.9 million barrels per day of oil production have been shut down in April
Posted inDRILLING & PRODUCTION
How the OPEC+ deal will impact the oil market: IEA
The IEA shares its view on the OPEC+ deal, and how the oil market will respond in the midst of the coroanvirus outbreak
Posted inDRILLING & PRODUCTION
Global oil demand to hit 25-year low in April, IEA says
The IEA expects the market to start recovering in the second half of the year if restrictions are lifted
Posted inDRILLING & PRODUCTION
Oil price stable on mixed signals: Rystad
Despite the OPEC+ deal, oil prices did not move sharply in either direction
Posted inDRILLING & PRODUCTION
Coronavirus breeds uncertainty for oil and gas
Rob Thissen, energy sector leader for the Middle East at Mercer, comments on the uncertainty ahead