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A service for energy industry professionals · Thursday, May 1, 2025 · 808,372,951 Articles · 3+ Million Readers
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OPEC & Quotas News Monitoring

  • Published on Apr 30, 2025

    Kazakhstan's April oil output exceeds OPEC+ quota despite 3% fall

    MOSCOW: Kazakhstan oil production was again above its OPEC+ quota this month, although it fell 3% from the March average, according to an industry source familiar with the statistics, and Reuters calculations. Kazakhstan, a top-10 oil producer, has …

    Source: Zawya - Indeterminate
  • Published on Apr 29, 2025

    Kazakhstan's Oil Output Surpasses OPEC+ Quota Amidst Internal Alliance Tensions

    (MENAFN- The Arabian Post) Kazakhstan's oil production from April 1 to 28 reached 1.814 million barrels per day , exceeding its OPEC+ quota of 1.473 million bpd by over 340,000 bpd, despite a 3% decline from March's average. This overproduction …

    Source: MENAFN - Indeterminate
  • Published on Apr 25, 2025

    Oil Set For Weekly Loss on OPEC+ Supply Rumors

    Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav - Apr 25, 2025, 1:09 AM CDT Oil prices are expected to end the week with a decline following reports that OPEC+ may …

    Source: Oil Price - Neutral
  • Published on Apr 25, 2025

    Kazakhstan’s OPEC+ defiance could push Saudi into a painful price war: Bousso

    By Ron Bousso LONDON, – Kazakhstan’s public defiance of the OPEC+ oil production alliance could signal its exit from the group and push Saudi Arabia into a painful price war at a precarious moment. The Central Asian country’s newly appointed Energy …

    Source: Stabroek News - Neutral
  • Published on Apr 29, 2025

    Oil Prices Slip Further as Market Remains in Grip of Tariff Fear

    Crude oil prices extended their decline today as traders remained fixated on demand and the impact of the tariff war between the U.S. and China on its future prospects. At the time of writing, Brent crude was trading at $65.41 per barrel, with West Texas …

    Source: Oil Price - Neutral
  • Published on 05:06 GMT

    Saudi Arabia signals it can live with lower oil prices, sources say

    LONDON: Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with knowledge of the talks said. This …

    Source: Zawya - Indeterminate
  • Published on 00:13 GMT

    Is Saudi Arabia Preparing for Another Oil Price War?

    US benchmark WTI crude is down nearly 4% as Saudi Arabia reports emerge that not only can the Saudis sustain today’s low oil prices, but output increases are likely to be announced next week, for June output, sources speaking to both Reuters and Bloomberg …

    Source: Oil Price - Neutral
  • Published on 00:13 GMT

    Saudi Signals and Trump Tariffs Are Cracking the Oil Market

    Low inventories reported today by the Energy Information Administration (EIA) did nothing to staunch the bleeding, with WTI getting gutted nearly 4% on the day, and Saudi rumors throwing another spanner in the works, while new U.S. economic data suggests …

    Source: Oil Price - Neutral
  • Published on Apr 30, 2025

    Middle East Crude-Benchmarks slide further as oil prices fall

    Middle East crude benchmarks Oman, Dubai and Murban fell further on Wednesday as oil prices extended declines to the lowest level in over two weeks. Both Brent and WTI were set for their largest monthly drop in almost three and a half years as the global …

    Source: Hellenic Shipping News - Neutral
  • Published on 00:13 GMT

    The Role of State-Owned Giants in the Modern Energy Landscape

    The global oil industry for much of the 20th century was controlled by a powerful cartel of private companies known as the "Seven Sisters." This group long dominated production, pricing, and access to reserves from the Middle East to Latin …

    Source: Oil Price - Neutral
  • Published on Apr 30, 2025

    Oil Plunges On Report Saudis Bracing For Price War, Can "Live With Lower Oil Prices"

    It had already been a miserable month for oil, which has suffered its worst monthly performance since 2021 and also is on pace for its month of April on record... and then it got even worse when shortly before noon ET, when Reuters reported, citing …

    Source: Zero Hedge - Right-wing
  • Published on Apr 30, 2025

    Kazakhstan Q1 oil exports up 7% y/y on CPC boost, data shows

    Kazakhstan increased oil exports by 7% year on year to 19.515 million metric tons (1.63 million barrels per day) in January-March thanks to a supply boost via the Caspian pipeline, Reuters calculations based on official data and sources showed. Oil output …

    Source: Hellenic Shipping News - Neutral
  • Published on Apr 30, 2025

    World Bank Forecasts Steep Falls in Rice, Oil and Coal Price...

    AKP Phnom Penh, April 30, 2025 -- The World Bank is bracing for sharply lower in prices for commodities including rice and fuel this year although gold prices are expected to hit a record high as investors seek a “safe haven” from global trade turmoil. “ …

    Source: AKP - Pending
  • Published on Apr 30, 2025

    World Bank: Oil price will fall below $65 this year

    The World Bank (WB) has lowered its oil price forecast, APA-Economics reports citing the Bank. It has been stated that the Brent oil price is projected to average $64/bbl in 2025—almost $17 lower than in 2024—before declining further to $60/bbl in …

    Source: APA - Pending
  • Published on Apr 30, 2025

    NNPCL shake-up: MDs of Port Harcourt, Warri, Kaduna refineries sacked

    The new management of the Nigerian National Petroleum Company Limited has fired the managing directors of the three refineries under the purview of NNPCL. The refineries include the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, …

    Source: Punch - Indeterminate
  • Published on Apr 29, 2025

    NUPRC urges fair pricing from oil producers to meet domestic supply obligations

    Chief executive of the newly-created Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has solicited the support of the Independent Petroleum Producers Group (IPPG) for the smooth implementation of the Petroleum Industry Act (PIA …

    Source: Business Day - Neutral
  • Published on Apr 29, 2025

    Saudi official rejects report Pakistani Hajj funds sent to wrong account

    An official at Saudi Arabia’s Ministry of Hajj and Umrah on Tuesday rejected reports the Pakistan government had transferred Hajj funds for thousands of pilgrims to the wrong bank account, reiterating that the Kingdom’s electronic Hajj system operated with …

    Source: Daily Times - Center-left
  • Published on Apr 29, 2025

    Price At The Pump: Tariffs Not The Key Issue Driving Oil Prices

    After months of turbulence, oil prices have been relatively quiet over the past week-plus, hovering around the low-$60 per barrel mark for West Texas Crude, and mid-$60s for Brent.  Patrick DeHaan with Gasbuddy.com says for the first time in months, …

    Source: KONA - Washington State - Neutral
  • Published on Apr 29, 2025

    Saudi officials reject claims of Pakistan sending Hajj funds to wrong account

    Saudi authorities have strongly refuted reports claiming that the Government of Pakistan mistakenly transferred Hajj funds to an incorrect account linked to OPEC. Terming the allegations “baseless,” officials clarified that no such error occurred in the …

    Source: Samaa - Indeterminate

04 days 22:52:55

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