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 16:14 2016 Saturday ,24 December
Sisi posted on history, mission of Nasr Company for Intermediate Chemicals
GMT 18:30 2018 Monday ,24 September
Metallica’s WorldWired tour coming to Moscow in summer 2019
GMT 09:18 2016 Sunday ,05 June
Yusuf Islam launches drive to help migrant children
GMT 12:38 2017 Tuesday ,04 July
Gazprom says to start new gas pipeline deliveries to China by end
GMT 21:11 2017 Sunday ,01 October
US fines HSBC $175 million for ‘unsafe and unsound’
GMT 18:05 2018 Friday ,07 September
Outstanding orphan, needy family's students awarded
GMT 23:58 2017 Monday ,25 December
Kuwaiti Premier receives Saudi Royal Court advisor
GMT 03:29 2017 Sunday ,17 December
Political instability leads to economic crunch: Nawaz Sharif
GMT 14:06 2017 Monday ,17 April
Tunisian teacher is accused of promoting extremism in classes
GMT 22:17 2016 Thursday ,16 June
Black box recovered from EgyptAir crash site
GMT 05:27 2017 Saturday ,11 November
IMF urges Argentina to step up pace of economic reforms
GMT 08:24 2017 Thursday ,24 August
Chad closes Qatari embassy in Ndjamena
GMT 14:50 2017 Monday ,25 September
Japan's Abe triggers snap election amid N.Korea crisis
GMT 05:49 2017 Thursday ,24 August
Mugabe says not going anywhere, not dying
GMT 11:42 2017 Sunday ,01 October
Martyrs of Karbala’s sacrifices were for lofty principles of Islam: Zubair
GMT 10:18 2017 Thursday ,30 March
French 'human hen' artist has a crack at hatching eggs
GMT 14:17 2017 Saturday ,25 March
Bahrain-US cultural cooperation discussed
GMT 19:54 2017 Tuesday ,14 March
Omani artists feted at opening of visual inspirations exhibit
GMT 15:32 2015 Tuesday ,21 April
Jake Gyllenhaal, Sienna Miller, Sophie Marceau on Cannes jury
GMT 17:39 2017 Monday ,03 April
Parish Nadia reveals secrets of flowers' drying
GMT 09:11 2017 Saturday ,29 April
Trump's first 100 days: a chaotic discovery of power
GMT 21:29 2017 Wednesday ,05 April
Dollar exchange rate stable at major banks
GMT 18:02 2017 Thursday ,02 March
Georgia, IMF agree on $285m program to stabilize financial market
GMT 09:39 2017 Thursday ,13 April
Entries now open for 2017 Worldpay Everywoman
GMT 18:02 2016 Sunday ,21 August
Suit worn by Modi enters Guinness World Records
GMT 07:07 2017 Wednesday ,15 March
King Abdullah Port to sponsor Sea Asia 2017 in Singapore
GMT 04:44 2017 Wednesday ,09 August
Algae blooms irk Canaries beachgoers
GMT 02:21 2017 Monday ,09 October
Saudi Health Ministry launches campaign to encourage walking
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