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A service for energy industry professionals · Thursday, June 5, 2025 · 819,407,431 Articles · 3+ Million Readers
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Algeria Oil & Gas News Monitoring

  • Published on 16:53 GMT

    Russia Keeps Oil Production Below OPEC+ Quota

    Russian crude oil production stayed just below the country’s quota in the OPEC+ agreement in May, unidentified sources with knowledge of the data told Bloomberg on Thursday. Russia classified its oil and gas production data in early 2022, shortly after the …

    Source: Oil Price - Neutral
  • Published on 10:42 GMT

    There Have Been 2 Significant OPEC+ Decisions in the Past Week

    There have been two significant OPEC+ decisions in the past week, analysts at Standard Chartered Bank, including the bank’s commodities research head Paul Horsnell, said in a report sent to Rigzone late Tuesday by the Standard Chartered team. “The first …

    Source: Rigzone - Neutral
  • Published on 07:09 GMT

    Gazprom puts Turkish gas hub on hold: What happened to Putin and Erdoğan’s ambitious project?

    The creation of a Turkish gas hub—once hailed as one of the most strategic geo-energy initiatives in recent years—now appears to be in jeopardy. According to a June 3 Bloomberg report citing informed sources, Gazprom has suspended work on the project to …

    Source: News.Az - Pro-Government
  • Published on 02:08 GMT

    StanChart: OPEC+ Is About To Become Much More Transparent

    A week ago, the 39th OPEC and non-OPEC Ministerial Meeting was held via videoconference, chaired by Prince Abdulaziz bin Salman Al-Saud, Saudi Arabia’s Minister of Energy. According to a press release, the group pledged to “develop a mechanism to assess …

    Source: Oil Price - Neutral
  • Published on Jun 4, 2025

    Kazakhstan’s State Oil Firm Eyes Yuan Bonds as It Defies OPEC+ Cuts

    Kazakhstan’s national oil and gas company KazMunayGas is looking to borrow cheaper funds from overseas debt issues, including bonds denominated in Chinese yuan, the firm’s chief executive Askhat Khassenov told Bloomberg. “We looked at all options. …

    Source: Oil Price - Neutral
  • Published on Jun 4, 2025

    Oil Prices Tumble On Report That Saudis Want To 'Super-Size' OPEC Production Hikes

    Update (1130ET): Having surged overnight and extended gains on a big crude draw (and trade-talk progress with the Europeans), oil prices are tanking now as Bloomberg reports that, according to people familiar with the matter, Saudi Arabia wants OPEC+ to …

    Source: Zero Hedge - Right-wing
  • Published on Jun 4, 2025

    Algeria’s Mining Shake-Up: Foreign Investors Could Own 80% Under New Plan

    Algeria is poised to open its mining sector to deeper foreign investment, proposing legislation that would allow overseas companies to own up to 80% of mining projects—a sharp shift from the country’s traditionally state-controlled approach. The draft bill …

    Source: Skillings Mining Review - Florida - Pending
  • Published on Jun 4, 2025

    Oil Prices Tumble On Report That Saudis Want To 'Super-Size' OPEC Production Hikes

    Update (1130ET): Having surged overnight and extended gains on a big crude draw (and trade-talk progress with the Europeans), oil prices are tanking now as Bloomberg reports that, according to people familiar with the matter, Saudi Arabia wants OPEC+ to …

    Source: Zero Hedge - Right-wing
  • Published on Jun 4, 2025

    Russia’s Gazprom has quietly shelved Turkey gas hub plan, says report

    Russia’s Gazprom has quietly shelved plans to develop a gas distribution hub in Turkey, Bloomberg reported on June 3. With Turkey connected to Russia’s TurkStream and Blue Stream trans-Black Sea pipelines, Gazprom looked at the country as an option for …

    Source: BNE Intellinews - Neutral
  • Published on Jun 3, 2025

    The OPEC+ Nations That Were Reluctant to Boost Production

    Unlike Russia and Oman, Algeria wasn’t initially in favor of a pause in the OPEC+ oil production increases at this weekend’s meeting, Bachar El-Halabi, senior correspondent at Argus Media, reports, citing a senior source within the OPEC+ group. Initially, …

    Source: Oil Price - Neutral
  • Published on Jun 3, 2025

    OPEC+ approves another crude quota jump for July

    Eight countries implementing voluntary crude production cuts agreed May 31 to another accelerated quota hike for July, as they bid to regain market share. OPEC+ voluntary cutters’ quotas will rise by 411,000 b/d in July — the same level as increases …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 3, 2025

    Behind OPEC+ oil output hike, Saudi-Russian tensions simmer

    Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil output increases while Moscow argued for a pause, four OPEC+ sources with knowledge of the talks said. Tension between the two most …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 2, 2025

    Stocks mixed, oil up on rising trade tensions, …

    "Trump's pledge to double steel and aluminium import tariffs have caused fresh uncertainty, especially with the European Union vowing to retaliate against the measures," said Susannah Streeter, head of money and markets at Hargreaves Lansdown …

    Source: Fort Bend Herald - Texas - Pending
  • Published on Jun 2, 2025

    Stocks mixed, oil up on rising trade tensions, geopolitical risks

    Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock markets were mixed as US-China trade tensions resurfaced after a brief lull. The dollar was under renewed pressure as traders …

    Source: The Paintsville Herald - Kentucky - Neutral
  • Published on Jun 2, 2025

    OPEC+ Ups The Ante Via Another 411,000 Barrels Per Day Oil Output Hike

    The logo of the Organization of Petroleum Exporting Countries (OPEC) is seen at its headquarters in ... More Vienna, Austria. (Photo: Joe Klamar)AFP via Getty Images Oil producers’ group OPEC+ decided to up its production levels despite weak crude prices …

    Source: Forbes - Neutral
  • Published on Jun 2, 2025

    Trade war and rising oil supplies weigh on crude prices

    KUWAIT: Worries over the health of the global economy amid escalating trade protectionism together with an accelerated unwind of OPEC+ output cuts pushed Brent crude to a four-year low of $60/bbl in early May – though prices have risen off their lows. …

    Source: Kuwait Times - Pro-Government
  • Published on Jun 2, 2025

    Oil Prices Rise Despite OPEC+ Output Hike Plans

    Oil prices climbed on Monday morning despite expectations that OPEC+ will continue to boost production in the coming months. Morgan Stanley commodity analysts expect OPEC+ to make three new monthly boosts to its output, returning all 2.2 million bpd it …

    Source: Oil Price - Neutral
  • Published on Jun 2, 2025

    Crude oil futures rise amid escalating Russia-Ukraine tensions 

    Rising tensions between Russia and Ukraine added support to the market on Monday morning Crude oil futures traded higher on Monday morning after Ukraine launched drone attacks on Russian airbases. At 9.53 am on Monday, August Brent oil futures were at $64. …

    Source: The Hindu Business Line - Neutral
  • Published on Jun 2, 2025

    Eight OPEC+ countries confirm July production hike

    Eight OPEC+ oil producers have confirmed they will hike production in July, according to their previously agreed plan to unwind 2.2mn bpd in voluntary cuts from April 2025 The eight OPEC+ countries, which previously announced additional voluntary …

    Source: Oil Review Middle East - Neutral

26 days 16:13:38

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