Tag Archives: Reuters International News Agency

Kazakhstan supports extending the cut but will need to renegotiate its own production ceiling.

PTTOR will include service stations. petroleum products. and lubricant products.

Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.

Saudi Arabia is pushing to extend the cuts by a further nine months until next March.

Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.

Sasol confirmed on its website there had been an explosion at about 0545 GMT at the country'.s only inland refinery.

Russia will see lower inflation and a smaller budget deficit if OPEC and non-OPEC oil producers agree to extend a production cut deal.

The MoU aims to generate USD 4 billion in annual productivity improvement.

OPEC has been urging other producers to join the supply pact.

US crude imports rose 577.000 bpd last week. while exports rose 400.000 bpd.