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 06:41 2017 Tuesday ,12 December
'The Shape of Water' leads Golden Globes nominations
GMT 18:57 2016 Friday ,04 November
Historic climate pact enters into force
GMT 02:33 2017 Sunday ,09 April
Traditional TV providers must adapt to survive, says research
GMT 01:37 2017 Saturday ,15 April
Palestinian knifeman kills British tourist in Jerusalem
GMT 23:37 2017 Friday ,03 March
Liberia investigates death of celebrated Ebola fighter amid stigma fears
GMT 07:55 2017 Tuesday ,02 May
Arab Coalition killed 15 Houthi militants during raids in Midi
GMT 15:07 2017 Sunday ,05 March
Desperate herders lose animals, hope amid drought in Kenya
GMT 15:49 2017 Monday ,27 March
Moroccan Economy to Improve in 2017
GMT 10:24 2016 Monday ,25 January
Exeter and Stade through as Clermont and Ospreys miss out
GMT 17:30 2017 Saturday ,18 March
Erdogan hits out at Dutch over Srebrenica massacreGMT 16:40 2012 Wednesday ,16 May
Egyptian actors morph into characters
GMT 23:36 2017 Monday ,11 September
Russia is hitting back at the US in reaction to tough new sanctions
GMT 23:39 2017 Tuesday ,21 November
Mohamed bin Zayed receives artists participating
GMT 05:00 2017 Friday ,10 November
Zimbabwe frees US journalist jailed on subversion charges
GMT 15:28 2017 Monday ,10 April
Bangladesh militants to be hanged soon
GMT 20:40 2017 Tuesday ,11 April
Gunmen storm house of Libyan CB governor
GMT 12:38 2017 Wednesday ,15 November
Bill Gates giving $50 million for Alzheimer's research
GMT 19:34 2016 Sunday ,03 July
Palestinian foreign ministry condemns collective punishment against Hebron
GMT 06:03 2015 Thursday ,13 August
NBCUniversal pumps $200m into Vox Media
GMT 08:43 2017 Wednesday ,27 December
Minister discusses electricity, water services with MP
GMT 07:47 2017 Friday ,03 February
Nigeria's economic hub to curb spread of Lassa fever by killing rats
GMT 10:58 2017 Wednesday ,08 November
Al-Azhar's imam meets pope, vows to fight terrorism
GMT 23:24 2017 Sunday ,19 March
Filipina maid found guilty of killing her newborn baby
GMT 23:43 2017 Wednesday ,04 October
UN: Half a million Rohingya arrive in Bangladesh
GMT 04:40 2017 Thursday ,19 January
Masdar signs agreement with two Qatari power companies
GMT 18:04 2017 Friday ,13 October
Samsung Electronics CEO resigns, even as record profits expected
GMT 15:13 2017 Tuesday ,21 February
Balotelli's return to Italian national team troubled by red cards
GMT 06:09 2016 Wednesday ,28 September
Households' cash surplus in S.Korea drops on home purchase
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor