Social and Events

Moscow agreed to contribute around 0.3 million bpd to the cuts and Russian state and private companies are sharing the burden on a pro-rata basis.

Nigeria would support an output cap for itself at 1.8 million b d and would continue to be responsible with its production.

Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.

OPEC members will discuss extension of the body'.s production cut plan to curb the global oil glut and rebalance the market.

Ten non-OPEC countries will attend the meeting of OPEC+ in Vienna on November 30 to discuss increasing the number of the deal’s participants.

Iran and Armenia have increased efforts to promote their mutual cooperation.

Maduro affirmed that the year 2018 will be a break from the oil model towards other economic sectors.

The fourth GECF Gas Summit was held on Friday. November 24.

Qatar has had to compensate for its loss of port facilities. primarily in the UAE by diverting to Salalah in Oman and Singapore.

Oil sales generate 96 percent of Venezuela'.s hard currency earnings.