OPEC Agrees Oil Output Cut, No Final Figure Yet

Thursday, December 6, 2018

OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said.

Saudi Energy Minister Khalid al-Falih said earlier that the Organization of the Petroleum Exporting Countries needed non-OPEC Russia to come on board with cuts. He said a final decision by OPEC and its allies was likely by Friday evening.


(Reporting by OPEC Newsroom; Editing by Dale Hudson)

Categories: Energy Industry News Oil

Related Stories

Oil Industry Braces for Years of Market Disruption

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

TGS to Reprocesses Seismic Data for Petronas’ Megah Discovery

Arabian Drilling Inks $533M Deal for Four Jack-Up Drilling Rigs

Finder Energy Clears Environmental Hurdle for Timor-Leste Oil Project

TotalEnergies, SOCAR, XRG Greenlight Absheron Field Expansion in Caspian Sea

Southeast Asia Plans 100 GW-Plus Gas Power Expansion Despite LNG Risks

Iran Restores Half of Damaged South Pars Gas Field Capacity

ONGC Strikes Gas in Deepwater Well off India

Current News

KBR to Support Aramco’s Marjan Offshore Field Upgrade

Oil Industry Braces for Years of Market Disruption

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

ADNOC Signs Multi-Year LNG Supply Deal with Thailand’s Gulf Group

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

LNG Flows Through Hormuz Hit Seven-Month High

Inpex Buys Into Two BP-Operated Indonesian Offshore Blocks

TGS to Reprocesses Seismic Data for Petronas’ Megah Discovery

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

Thailand-Malaysia Gas Pipeline Temporarily Shut Over Inspection Issue

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com