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 22:58 2017 Sunday ,19 February
France’s Fillon vows to run despite ‘fake jobs’ row
GMT 14:46 2017 Tuesday ,14 March
Dutch PM says Erdogan massacre claim 'historical falsehood'
GMT 12:40 2016 Saturday ,05 November
China’s airlines ramp up business class services
GMT 07:21 2017 Wednesday ,15 February
Egypt announces success of Sarraj-Haftar meeting
GMT 23:27 2018 Tuesday ,16 January
Bahrain-Palestine trade ties discussed
GMT 07:07 2017 Tuesday ,12 September
Bahrain weather forecast
GMT 01:46 2017 Thursday ,26 October
UAE’s urgent assistance limited causalities of terror blast in Mogadishu
GMT 11:50 2017 Thursday ,23 February
Cult Japanese film director Seijun Suzuki dead at 93
GMT 04:31 2017 Friday ,17 November
Mugabe resisting army pressure to quit
GMT 21:55 2017 Monday ,23 October
Dubai Diamond Conference begins with record number of global experts
GMT 21:39 2017 Monday ,16 October
Egypt urges Iraqi gov't, Kurdish forces to exercise self-restraint, reach consensus
GMT 11:38 2017 Friday ,14 April
Sudanese president begins Kuwait official visit
GMT 02:07 2017 Wednesday ,25 January
Flooding prompts evacuations in Buenos Aires province
GMT 23:35 2017 Thursday ,05 October
Samsung sees further $3 bn profit hit from Note 7 crisis
GMT 00:17 2017 Friday ,24 November
'Star Wars' a perfect escape in a 'dark' era
GMT 02:53 2017 Wednesday ,08 March
North Korean threat has 'entered new stage'
GMT 09:57 2017 Thursday ,27 April
United Airlines to offer passengers up to $10,000 to surrender seats after dragging incident
GMT 01:29 2017 Thursday ,12 October
Former Chad president Habre found guilty of crimes against humanity
GMT 23:50 2017 Saturday ,11 March
Al Houthis interception of relief ships causes famine in Yemen, government says
GMT 19:02 2017 Saturday ,14 January
Odisha chief minister alleges federal government neglect
GMT 15:44 2017 Saturday ,23 September
Two dead, three missing as typhoon rips through Japan
GMT 13:01 2016 Thursday ,31 March
Minister attends youth picnic
GMT 23:24 2017 Wednesday ,26 July
Terrorists neutralized, people urged to remain calm
GMT 08:02 2017 Thursday ,02 November
LeBron happy after Cavs clear-the-air meeting
GMT 04:32 2017 Tuesday ,21 February
Mariah Carey to headline Dubai Jazz Festival
GMT 18:59 2017 Thursday ,30 March
Federal judge in Hawaii extends order blocking Trump's travel ban
GMT 03:00 2017 Saturday ,18 February
Ferrari World Abu Dhabi's new thrill ride to open March
GMT 10:20 2017 Saturday ,14 January
Thousands mark Jesus baptism
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