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A service for energy industry professionals · Friday, April 11, 2025 · 802,287,648 Articles · 3+ Million Readers
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OPEC Iran News Monitoring

  • Published on Apr 10, 2025

    EIA: Declining oil demand to lead to lower oil, gasoline prices

    Recent changess in global trade policy and oil production may result in lower global demand growth for petroleum products through 2026, according to the U.S. Energy Information Administration (EIA). The result is lower oil prices than previously forecast. …

    Source: Northwest Arkansas Business Journal - Neutral
  • Published on Apr 10, 2025

    Iraq Signs MoUs with US for Energy Projects, Including Solar Push

    Iraq signed MoUs with the US for 27,000 MW of energy projects, including a 3,000 MW solar deal with UGT Renewables, aiming to reduce dependence on Iranian electricity imports. April 10, 2025. By EI News Network In a significant step toward bolstering its …

    Source: Energetica India - Label Pending
  • Published on Apr 10, 2025

    Iraq Inks Deals with US Companies to Expand Power Plants

    Iraq signed non-binding agreements with two American companies to add 27 gigawatts to its power production capacity in an effort to address increasing demand for electricity. The government on Wednesday inked a Memorandum of Understanding with GE Vernova …

    Source: Rigzone - Neutral
  • Published on Apr 10, 2025

    Marketers, experts welcome naira-for-crude policy

    Experts and independent marketers on Wednesday welcomed the reinstatement of the naira-for-crude policy, saying it should be permanent as it would strengthen the naira and enhance energy security. The federal government, through the Ministry of Finance, …

    Source: Daily Trust - Label Pending
  • Published on Apr 9, 2025

    U.S. crude rallies more than 4% after Trump lowers tariffs for countries except China

    An oil pumpjack is seen in a field on April 08, 2025 in Nolan, Texas.  Brandon Bell | Getty Images U.S. crude oil futures jumped more than 4% on Wednesday, booking its best day since October of 2024 after President Donald Trump announced a lower tariff …

    Source: CNBC - Neutral
  • Published on Apr 10, 2025

    Iraq, US sign preliminary deal on projects including 24,000 MW of power plants

    DUBAI - Iraq and the United States signed on Wednesday a memorandum of understanding for projects in the Gulf country, including 24,000 megawatts of power plants, the Iraqi prime minister's media office said. Another MOU has been inked between Iraq…

    Source: Zawya - Uncategorized
  • Published on Apr 9, 2025

    Patrick Cockburn: Every Bottle down the Drain

    In​ the late morning of 30 April 1980, I left my flat at 90 Westbourne Terrace, near Paddington Station, to walk across Kensington Gardens to the Iranian embassy on Princes Gate. I wanted a visa to visit Iran, where the US raid to rescue staff held hostage …

    Source: London Review of Books - Neutral
  • Published on Apr 9, 2025

    Iraq faces uphill battle to meet 20% renewable energy target by 2030

    Iraq has set a target to expand the share of renewable energy sources to 20 percent in its energy mix by 2030 but only one major solar power project has taken off. Renewable sources currently account for a negligible part of Iraq’s power supplies and …

    Source: Zawya - Uncategorized
  • Published on Apr 9, 2025

    Airlines and Shippers Pounce on Oil Plunge to Lock in Prices

    (Bloomberg) -- With crude prices plunging below $60 a barrel, consumers who count fuel as their single biggest expense are rushing to lock in supplies. More than 25 million barrels of options contracts on the Brent benchmark traded in structures that …

    Source: Yahoo Finance - Label Pending
  • Published on Apr 9, 2025

    Brent Crashes to 4 Year Low

    In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone on Wednesday by the SEB team, Ole R. Hvalbye, a commodities analyst at the company, highlighted that Brent “crashe[d]… to [a] four year low”. “Since markets opened yesterday, Brent crude …

    Source: Rigzone - Neutral
  • Published on Apr 9, 2025

    Oil prices tumble to four-year low as US-China trade war fuels recession fears

    Crude oil prices fell for a fourth consecutive trading day on Tuesday, hitting their lowest levels in four years, as recession fears intensified amid a deepening global trade war. US President Donald Trump’s sweeping reciprocal tariffs have now come into …

    Source: Euronews - Neutral
  • Published on Apr 8, 2025

    Trump’s energy chief to visit UAE, Qatar, Saudi Arabia on 2-week Mideast trip

    Reuters — US Energy Secretary Chris Wright on Wednesday will launch a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a US official to the de facto leader of the OPEC oil producer group, a source …

    Source: The Times of Israel - Uncategorized
  • Published on Apr 9, 2025

    Oil prices hit 4-year low amid trade war, recession fears

    Oil-storage tanks are seen from above in Carson, California. Photo: AFP Crude oil prices fell for the fourth consecutive day on Tuesday, reaching their lowest levels in four years as recession concerns mount amid an escalating global trade war. US …

    Source: News.Az - Pro-Government
  • Published on Apr 8, 2025

    Don’t Expect A Complete Oil Price Recovery

    Is the current oil price weakness the beginning of a new price war, and/or heralding a new, lower price level? To summarize, the reasons for past price crashes: 1986, oil price too high; 1998, quota cheating rampant; 2014, shale production soaring; …

    Source: Forbes - Neutral
  • Published on Apr 9, 2025

    Middle East Crude-Benchmarks drift lower amid rising supply outlook

    Middle East crude benchmark spot premiums of Oman, Dubai and Murban drifted lower on Tuesday amid an outlook of rising supply and demand concerns. The supply pressure mounted last week when eight OPEC+ countries agreed to advance their plan to phase out …

    Source: Hellenic Shipping News - Neutral
  • Published on Apr 9, 2025

    Oil settles down $1 at four-year low as US-China trade war escalates

    2025-04-08T23:17:02+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Oil prices settled down more than $1 a barrel on Tuesday at a four-year low as investors priced in an increasing likelihood of a recession due to the escalating trade war between …

    Source: Shafaq News - Uncategorized
  • Published on Apr 8, 2025

    Crude Markets Stabilize After Unprecedented Rout

    In this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets this week.  We will then look at some of the key market movers early this week before providing you with the latest analysis of the top news …

    Source: Oil Price - Neutral
  • Published on Apr 8, 2025

    Trump’s energy chief to visit UAE, Qatar, Saudi Arabia on Mideast trip

    U.S. Energy Secretary Chris Wright will begin a nearly two-week tour of three Middle Eastern countries, including Saudi Arabia, on Wednesday. This marks his first visit as a U.S. official to the de facto leader of the OPEC oil producer group, according to …

    Source: News.Az - Pro-Government
  • Published on Apr 8, 2025

    Oil prices crash to $66/b weekend on Trump’s ‘tariffication’, rise in global supply

    The increase in oil supply and U.S. President Donald Trump’s global trade ‘tariffication’ were largely bearish for the commodities, and this dragged energy costs downward. Brent plunged 6.5 per cent to settle at $65.6 per barrel on Friday, marking the …

    Source: Blueprint Newspapers Limited - Label Pending

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