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Amena Bakr Profile picture
@Amena__Bakr
Apr 2 • 7 tweets • 4 min read Twitter logo Read on Twitter
Breaking news: Saudi Arabia will implement a voluntary cut of 500 thousand barrels per day from May till the end of 2023 in coordination with some other OPEC and non-OPEC Participating Countries in the Declaration of Cooperation. #OOTT #opec
The UAE will implement a voluntary cut of 144k from May until the end of 2023 #OOTT #opec
The Sultanate of Oman will voluntarily cut 40,000 barrels per day of crude oil from May 2023 until the end of 2023, in coordination with some of the countries participating in the OPEC Plus agreement #OOTT #opec
Saudi energy official says that this is a precautionary measure aimed at supporting the stability of the oil market #OOTT #opec
Kazakhstan will implement a voluntary cut of 78 kbd barrels per day from May till the end of 2023 in coordination with other OPEC and non-OPEC Participating Countries #OOTT #Opec
Kuwait will cut 128k from May till the end of 2023 #OOTT #Opec
Iraq will voluntarily cut 211k from May till the end of 2023, and Algeria will cut 48k for the same period #OOTT

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More from @Amena__Bakr

Amena Bakr Profile picture
Apr 2
Summary of the voluntary cuts:
RUS: 500,000
SAUDI ARABIA: 500,000
IRQ: 211,000
UAE: 144,000
KWT: 128,000
KZT: 78,000
Oman: 40,000
Algeria: 48,000 #OOTT #OPEC twitter.com/i/web/status/1…
Wait for more countries to announce tonight… #OOTT
NB: Russia said after the announcement from a number of opec plus states that that it would also extend its reduction by 500,000 barrels per day until the end of the year from February as a basis, accordingly to multiple sources. #OOTT #opec
Read 4 tweets
Amena Bakr Profile picture
Jun 12, 2022
Now let’s talk about the oil price. Biden is blaming the oil industry for the high prices he said “Exxon made more money than God” this year and aren’t drilling/ investing to keep prices high. #OOTT #US
First of all, investing in upstream today doesn’t mean that you immediately get an increase in capacity it takes time. Previous pressure to speed up the energy transition also prevented funding to reach the upstream industry. #OOTT
Will adding more oil now bring down prices? I don’t think so. The market at the moment is facing a oil products crisis, limited refining capacity and that’s why prices are high at the pump. #OOTT
Read 5 tweets
Amena Bakr Profile picture
Jun 12, 2022
Just had a horrible experience with the ground staff from @qatarairways. It’s completely unacceptable to stop me from taking a flight when I checked with the airline and the immigration authorities prior to booking that I can get a visa on arrival as a member of the media.
.@qatarairways you should check the competency of your staff and ability to read in both English and Arabic. Moreover I expect a FULL refund of the flight you made me miss.
I’ve been to Doha multiple times and always get a visa on arrival. Even the instructions the Qatar airways staff showed me today said a “media person” which is إعلامي can get a visa on arrival. @qatarairways
Read 5 tweets
Amena Bakr Profile picture
Dec 3, 2021
Why did opec plus decide to rollover policy keeping the 400k increments? 1. Think about it, over the past months the group has not been delivering the 400k anyway due to some countries not delivering their quotas, so the supply they promised to the market isn’t fully back. #OOTT
2. All countries that have spare capacity in the group wanted to increase production, that’s why the meeting was very smooth and consensus was reached fast. #OOTT
3. By keeping policy unchanged Opec plus managed to place a floor for oil prices at around the $70 mark #OOTT
Read 8 tweets

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