OPEC

Petronas has agreed to cut production by 20,000 bopd in 2017, according to a statement released by Malaysia’s state-run producer and oil and gas regulator on…

Libya’s state-run National Oil Corporation (NOC) on Tuesday said that two major western pipeline systems had been reopened, clearing the way for additional…

Nigeria’s draft budget for 2017, which President Muhammadu Buhari presented to parliament on Wednesday, projects a 20% increase in spending aimed at bringing the…

Shell’s Malikai deepwater tension-leg platform (TLP) offshore Malaysia has begun production, the company said in a press release on Wednesday.

The project, with…

Qatar Petroleum on Tuesday said that oil production levels would be cut from January 1 onwards.

“This decision comes in line with the State of Qatar’s…

Malaysia’s Petronas solidified an agreement with OPEC on Tuesday to slow the global supply of oil amid a glut that has shaken the market since mid-2014. The agreement…

Brent futures rose above USD 57 a barrel on Monday, the highest level since July 2015, after non-OPEC members agreed over the weekend in Vienna to cut their production…

Oil prices went up slightly on Friday as non-OPEC producers were set to meet in Vienna over the weekend to hammer out the details of an agreement to cut production some…

Oman is planning a bond issue of up to USD 2 billion next year to plug gaping holes in its budget caused by low oil prices, international media reported on…