Non-OPEC oil supply development

Low oil prices in 2016 led to a reduction of around 23% in global E&P investments compared to the previous year, together with the deferral of several upstream projects.

OPEC and Non-OPEC Nations Will Reduce Oil & Gas Production to Restore Supply-Demand Parity

The demand-supply imbalance in the oil & gas industry over the past couple of years has had far-reaching economic and geopolitical implications for the global market.

Shale oil ‘a form of non-Opec competition’, says al-Attiyah

Shale oil is “a form of non-Opec competition just as any other non-Opec oil producer is”, said HE Abdullah bin Hamad al-Attiyah, former Deputy Prime Minister and Minister of Energy and Industry.

OPEC, non-OPEC to meet on same day as group’s May gathering – sources

OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year.

OPEC, non-OPEC to look at extending oil-output cut by six months

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday.

Non-OPEC oil producers keep on pumping, deliver just 64% of pledged output cuts in Feb, source says

Eleven non-OPEC oil producers that joined a global deal to reduce output to boost prices delivered 64 percent of promised cuts in February, an industry source said on Friday, still lagging the higher levels of OPEC itself.

Icy conditions, non-OPEC cut could hit Q1 Far East Russian crude exports

A double whammy of icy conditions in the oil fields in the Russian Far East and the major non-OPEC producer’s latest promise to cut production could lead to a decline in Sokol and Sakhalin Blend crude exports in the first quarter, market sources said Mond