Oil producers' compliance with deal at 94 per cent
Oil Production
Kuwait City - Arab Today
Compliance with a deal to cut oil output is at 94 per cent among Opec and non-Opec oil producers combined, Russian Energy Minister Alexander Novak told reporters on Sunday.
He also said Russia had cut its exports by 187,000 barrels per day so far and its cuts would reach 210,000 bpd in a few days. Russia is committed to cuts of 300,000 bpd by the end of April, he added.
Novak said he expects global oil stockpiles to decrease in the second quarter of this year.
Demand-supply balance
The oil market may return to balance by the third quarter of this year if producers comply with their deal to cut output, otherwise the timeframe for rebalancing could be pushed out further, Kuwaiti oil minister Essam Al Marzouq said on Sunday.
Marzouq told reporters that there needed to be 100 per cent compliance among producers with the deal.
However, there has been some progress towards rebalancing and producers' output numbers for February and March were well received by the market, Marzouq said.
Source :Times Of Oman
- Sunday ,09 December GMT 13:35 2018 OPEC+ deal to ensure stability of oil price, that is positive for Russia
- Friday ,14 September GMT 22:44 2018 OPEC daily basket price stood at $76.46 a barrel Thursday, 13 Sep 2018
GMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 17:32 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayGMT 14:10 2018 Monday ,22 October
Saudi energy minister speaks to TASS on OPEC+, oil pricesGMT 22:44 2018 Friday ,14 September
OPEC daily basket price stood at $76.46 a barrel Thursday, 13 Sep 2018GMT 10:29 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPEC
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 23:41 2017 Sunday ,26 February
Kuwait emir to visit Oman on Monday
GMT 08:18 2017 Saturday ,22 April
France investigates Champs Elysees attacker as vote looms
GMT 15:56 2018 Friday ,14 December
Rise in temperatures, relatively cold weather for today
GMT 17:12 2017 Monday ,07 August
Al-Shawaifi reveals secrets of total solar eclipse
GMT 16:11 2015 Sunday ,22 November
China to provide $560m free assistance to underdeveloped ASEAN countries in 2016
GMT 05:43 2017 Sunday ,30 April
100 days in, Trump: he’s brought about ‘profound change’
GMT 12:51 2017 Sunday ,19 February
Snowfall, freezing weather claim 14 lives in northern Afghan province
GMT 14:47 2017 Wednesday ,18 October
Youth can build their own future: Shamma Al Mazrui tells first
GMT 21:36 2017 Tuesday ,27 June
8,500 tons of butane gas arrive to Zaityat port
GMT 15:20 2017 Monday ,25 September
Iraq Kurds in historic independence vote
GMT 21:36 2017 Friday ,28 April
Erekat: call USA to Intervene to Stop the Israeli Colonization of Palestinian Land and to end its Occupation
GMT 02:34 2017 Sunday ,10 September
Flooding kills 11 in Iran’s northeast, west
GMT 17:51 2017 Tuesday ,14 March
US denies backing South Sudan rebels
GMT 07:42 2017 Thursday ,16 November
Bubble risks in China’s financial sector, government official warns
GMT 13:19 2017 Monday ,15 May
Yemeni governmental troops control strategic city of Mukha
GMT 12:44 2017 Sunday ,04 June
Hassan Hallak reveals Lebanese Ramadan habits
GMT 05:59 2017 Thursday ,26 October
Ethiopian migrant turns perilous
GMT 17:30 2017 Wednesday ,05 April
Artistic expert calls for reviving the Egyptian theatre
GMT 18:10 2018 Wednesday ,05 December
Belgian government mired in crisis over UN migration compact
GMT 09:24 2018 Monday ,03 December
MI6 head to warn Russia not to 'underestimate' Britain's capabilities
GMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking Conference
GMT 16:20 2018 Monday ,22 October
Medvedev launches new "Concept" for preparing promising young athletes
GMT 16:54 2017 Saturday ,25 March
EU Summit To Kick Off in Rome
GMT 16:13 2016 Wednesday ,17 February
Iran banks begin reconnecting to SWIFT payments system
GMT 20:05 2018 Thursday ,11 January
Trail Blazers silence Thunder while Heat edge Raptors
GMT 06:13 2018 Tuesday ,02 January
Manchester United lift Mourinho, Liverpool leave it late
GMT 12:39 2018 Monday ,01 January
4 Houthi-launched ballistic missiles destroyed
GMT 07:42 2017 Wednesday ,08 February
Former US Ambassador Highlights King Mohammed VI’s ‘Tireless Commitment’ to Africa
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor