{"id":647962,"date":"2017-05-24T04:11:38","date_gmt":"2017-05-24T04:11:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/"},"modified":"2017-05-24T04:11:38","modified_gmt":"2017-05-24T04:11:38","slug":"egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/","title":{"rendered":"Egypt signals willingness to join OPEC oil cuts, Kuwait\u2019s Oil Minister says"},"content":{"rendered":"<p><strong>Turkmenistan, Norway, and Egypt have all signaled willingness to join OPEC <\/strong><strong>members in cutting their production of oil<\/strong>, Kuwait's Oil Minister Essam Al Marzouq said, according to <a href=\"http:\/\/www.reuters.com\/article\/us-oil-opec-kuwait-idUSKBN18J0US\">Reuters<\/a>. Norway\u2019s oil ministry <a href=\"http:\/\/uk.reuters.com\/article\/oil-opec-norway-idUKO9N18A011\">was quick to deny<\/a> any plans to cut output. Al Marzouq said OPEC are discussing \u201cwhether to extend output cuts for six months or nine months, because not all [members] were on board for nine.\u201d However, he said that deeper cuts were not being considered. The meeting comes as US President Donald Trump made remarks suggesting the US is considering selling half of the country\u2019s strategic reserve to help balance the books, according to the <a href=\"https:\/\/www.ft.com\/content\/d51b66be-5666-399a-8a58-fc9d581699f4\">Financial Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkmenistan, Norway, and Egypt have all signaled willingness to join OPEC members in cutting their production of oil, Kuwait's Oil Minister Essam Al Marzouq said, according to Reuters. Norway\u2019s oil ministry was quick to deny any plans to cut output. Al Marzouq said OPEC are discussing \u201cwhether to extend output cuts for six months or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647962","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9b2790bc-165b-43f8-a9b3-aa973c545738","order":"0","is_powered_by":true,"section_story_id":"397e9a39-5c81-40a8-8bdd-0fa1413f4a59","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647947],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt signals willingness to join OPEC oil cuts, Kuwait\u2019s Oil Minister says - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt signals willingness to join OPEC oil cuts, Kuwait\u2019s Oil Minister says\" \/>\n<meta property=\"og:description\" content=\"Turkmenistan, Norway, and Egypt have all signaled willingness to join OPEC members in cutting their production of oil, Kuwait&#039;s Oil Minister Essam Al Marzouq said, according to Reuters. 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Al Marzouq said OPEC are discussing \u201cwhether to extend output cuts for six months or [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-24T04:11:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt signals willingness to join OPEC oil cuts, Kuwait\u2019s Oil Minister says\",\"datePublished\":\"2017-05-24T04:11:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/\"},\"wordCount\":124,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-signals-willingness-to-join-opec-oil-cuts-kuwaits-oil-minister-says\/\",\"name\":\"Egypt signals willingness to join OPEC oil cuts, Kuwait\u2019s Oil Minister says - 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The ministry plans to close this 35%\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/267.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628038,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/opec-and-allies-agree-to-pump-additional-c-1-mn-bpd-of-oil-as-of-july\/","url_meta":{"origin":647962,"position":1},"title":"OPEC and allies agree to pump additional c. 1 mn bpd of oil as of July","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"Egypt\u2019s bid to tame its subsidy spending got a shot in the arm over the weekend after OPEC and other oil producers agreed to increase output starting next month, although the meeting in Vienna stopped short of outlining clear targets, Reuters reports. OPEC and other major producers said in a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1596.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641132,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/opec-could-prolong-oil-cuts-to-boost-prices\/","url_meta":{"origin":647962,"position":2},"title":"OPEC could prolong oil cuts to boost prices","author":"enterpriseam admin","date":"13 September 2017","format":false,"excerpt":"OPEC could be prolonging oil production cuts that are set to expire in March 2018 \u201cwell into the second half of next year in effort to boost prices,\u201dsources tell Bloomberg. \u201cAn extension of that duration would be needed under the worst-case scenario for the oil market that OPEC ministers are\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637797,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/26\/gas-exporting-nations-call-for-fair-price-on-natural-gas-opec-and-russia-close-to-extending-output-cuts\/","url_meta":{"origin":647962,"position":3},"title":"Gas exporting nations call for \u201cfair price\u201d on natural gas, OPEC and Russia close to extending output cuts","author":"enterpriseam admin","date":"26 November 2017","format":false,"excerpt":"Gas exporting countries called for a fair price for natural gas at a summit on Friday, according to the AFP. The Gas Exporting Countries Forum, at which Egypt is a participant, is angling to effectively decouple natural gas from oil prices, pointing to gas\u2019 \u201cenvironmental benefits and energy efficiency.\u201dMeanwhile, Russia\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637932,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/is-the-government-going-to-revise-fuel-subsidy-cuts-for-fy2017-18\/","url_meta":{"origin":647962,"position":4},"title":"Is the government going to revise fuel subsidy cuts for FY2017-18?","author":"enterpriseam admin","date":"29 November 2017","format":false,"excerpt":"Is the government going to revisit its calculations on fuel subsidy cuts for FY2017-18? The Finance Ministry will review the impact of higher crude prices on Egypt\u2019s fuel subsidy bill for FY2017-18, said El Garhy at the press conference, according to Al Mal. It is yet unclear whether the statement\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601156,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/non-opec-oil-producers-are-failing-to-meet-their-supply-cut-targets\/","url_meta":{"origin":647962,"position":5},"title":"Non-OPEC oil producers are failing to meet their supply cut targets","author":"enterpriseam admin","date":"20 February 2019","format":false,"excerpt":"Non-OPEC oil producers are failing to meet their supply cut targets: The 1.2 mbd oil production cut agreement made between OPEC and non-OPEC countries last year is falling by the wayside as new Bloomberg data reveals that just 10 of the 21 signatories met their production targets in January. 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