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"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015,... see more

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PENN WEST PETROLEUM LTD. > OPEC, non-members move toward 9-month output cut extension

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Post by makedonka on May 24, 2017 6:08pm

OPEC, non-members move toward 9-month output cut extension

"As ministers gathered in Vienna for informal consultations, Saudi OPEC ally Kuwait said discussions included the possibility of deepening the cuts or prolonging them by 12 months.
“All options are on the table,” Kuwaiti Oil Minister Essam Al-Marzouq told reporters."

https://www.arabnews.com/node/1104396/business-economy

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