OPEC & Quotas News Monitoring

Kazakhstan says it has tasked oil majors to cut output to meet OPEC+ quotas

Kazakhstan is producing oil above its OPEC+ quotas and has tasked oil majors to cut production, Energy Minister Almassadam Satkaliyev said on Friday. Kazakhstan is currently producing at a record high, and well above its target. OPEC+ - consisting of OPEC …

Oil prices rebound on hopes of Opec+ U-turn on production

Oil prices rebounded on Friday after Russia’s deputy prime minister suggested oil cartel Opec+ could reverse a plan to increase crude production. Alexander Novak said that while Opec+ would proceed with a plan to start pumping more oil in April, the group …

Brent logs biggest weekly loss in 4 months, US WTI crashes 4%: Goldman Sachs eyes downside risk ahead of OPEC+ supply

International crude oil prices rose in the previous session but retreated from their session highs after US President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with Ukraine. The prospect of a temporary truce in Ukraine …

Oil rises as Russia’s Novak hints at OPEC+ output reversal, but tariff concerns weigh

By Arunima Kumar (Reuters) -Oil prices extended gains on Friday, buoyed by the Russian Deputy Prime Minister’s suggestion that OPEC+ could reverse its output increase after April, but were still on track for a more than 3% weekly decline on concerns over U …

Saudi Arabia Reduces April Oil Prices For Asia Amid OPEC+ Supply Increase

(MENAFN- The Arabian Post) Saudi Arabia, the world's leading oil exporter, has announced a reduction in its official selling price for crude oil destined for Asian markets in April. This marks the first price cut in three months and aligns with the …

Nigeria Boosts Oil Production Above Its OPEC+ Quota

Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigeria’s oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 million bpd, a Reuters survey showed. Last month, Nigerian production …

Kazakhstan commits to reducing oil production after April. Russia claims OPEC+ could reverse output.

Alexander Novak, the deputy prime minister of Russia, said that the OPEC+ had agreed to increase oil production starting in April. However the group could change its mind if market imbalances occur. Officials from Kazakhstan, who have often exceeded the …

Russia's Novak says OPEC+ may reverse oil output hike after April if needed

Russia's Deputy Prime Minister Alexander Novak said on Friday that the OPEC+ group agreed to start increasing oil production from April, but could reverse the decision afterwards if there are market imbalances. He said Russia produced less oil in …

Oil steadies in choppy trading on tariff uncertainty, Opec+ hike plans

OIL settled largely unchanged in choppy trade on Thursday, with global benchmark Brent closing below US$70 a barrel under pressure from tariffs between the US, Canada, and China, and plans by Opec+ to raise output. Brent futures settled up 16 cents, or 0.2 …

OPEC+ recommends its ‘debtors’ on oil output cuts to speed up compensations — Novak

MOSCOW, March 7. /TASS/. OPEC+ countries recommended that those alliance members that produced bigger oil volumes that it was agreed review their production schedules and speed up compensation for their "debt" on production cuts, Russian …

OPEC oil output rises in February as Nigeria exceeds quota by 70,000 bpd 

Nigeria’s oil production surged in February, exceeding its OPEC quota of 1.5 million barrels per day by 70,000 bpd, and contributing to the cartel’s increased output in February, a Reuters survey has found. The survey, released on Wednesday, revealed that …

Oil eases in choppy trading on U.S. tariffs, OPEC+ plans to raise output

HOUSTON: Oil prices eased slightly in choppy trade on Thursday with Brent still below $70 under pressure from trade tariffs between the U.S., Canada, Mexico and China, and OPEC+ plans to raise output. Those factors and a larger than expected build in U.S. …

Oil prices stabilize as U.S. tariffs and OPEC+ plans weigh on markets

Oil prices remained stable on Thursday, recovering slightly from a multi-year low, though Brent crude remained below $70 amid pressures from trade tariffs between the U.S., Canada, Mexico, and China, as well as OPEC+ plans to raise production. Brent …

Nigeria Exceeds OPEC Quota as Oil Production Surges in February

Nigeria Boosts Oil Production By 70,000bpd Above OPEC+ Target — Survey

  Nigeria is pumping 70,000 barrels per day above its OPEC+ target, according to a survey by Reuters. According to the survey, Organization of the Petroleum Exporting Countries oil output rose in February, as Iranian exports held strong, despite renewed U. …

Russia Says Crude Output Was Flat in February, Below OPEC+ Quota

(Bloomberg) — Russian data show the country’s crude oil production in February was little changed from the month before, holding just below its OPEC+ quota, according to people familiar with the figures.Article content Output averaged 8.964 million barrels …

Again, Nigeria’s Oil Output Grows in February, OPEC Nation Pumps 70,000bpd Above Quota

Emmanuel Addeh in Abuja Nigeria’s crude oil production was on the upward swing in February, with the country pumping about 70,000 barrels per day above its Organisation of Petroleum Exporting Countries (OPEC) quota, a Reuters survey indicated yesterday. It …

Oil rises after Russia's Novak says OPEC+ may reverse output hike after April

Oil prices extended gains on Friday, rising more than $1 a barrel, after Russia's Deputy Prime Minister Alexander Novak said OPEC+ may reverse its oil output hike after April if needed. Novak told reporters that the producer group will go ahead with …

Dems Use This: Consumer Prices Are Never Coming Down | Opinion

The Democrats lost the 2024 presidential race largely because what appeared to be the ever-rising prices of consumer goods, with groceries playing a starring role. Despite being part of an administration that presided over an inflation reduction of nearly …

“The Fifth Industrial Revolution”: Overwatch at SXSW 2025 Defines the Future of AI, Energy, and National Security

Overwatch at SXSW 2025 tackled AI, energy, and national security, calling for urgent innovation in infrastructure, policy, and workforce development. AUSTIN, TX, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Overwatch Mission Critical, an …

Abe Issa Leads Grid Energy's AI-Powered Grid Optimization Investment

Grid Energy, Led by Abe Issa, Invests in AI-Powered Grid Optimization Solutions NEW YORK , NY, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Grid Energy, under the leadership of founder Abe Issa, is strategically investing in companies …

Sustainable Gas Turbine MRO Solutions Reducing Carbon Footprint in Power & Aviation Sectors

The gas turbine MRO market will grow due to rising power demand and coal-to-gas shifts, but high costs may limit growth, while innovation drives opportunities. WILMINGTON, DE, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- According to a …

Renewable Integration and Hybrid Generator Sets: The Future of Backup Power

The generator sets market is booming, driven by demand for reliable, efficient, and sustainable power across industries, ensuring energy resilience. WILMINGTON, DE, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published …

Georgetown University's Hoyalytics Data Science Students to Tackle Real-World Data Analytics at Newsmatics

The Internship Program Will Allow Students to Identify Trends and Make Data-Driven Recommendations WASHINGTON , DC, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Data science students at Georgetown University will soon have an exciting opportunity …

Thin Film Chip Resistor Market Trends, Active Key Players, and Growth Projection Up to 2031

Thin Film Chip Resistor Market Expected to Reach $1.1 Billion by 2031—Allied Market Research WILMINGTON, DE, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Growth is also expected to be accelerated by rising customer demand for consumer …

Automotive Battery Thermal Management System Market Present Scenario and Growth Prospects 2023 - 2032

Automotive Battery Thermal Management System Market Expected to Reach $18.7 Billion by 2032 WILMINGTON, DE, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research, titled "Automotive Battery Thermal Management System …

POWR2 Announces the Appointment of Mark MacManus as New CEO

POWR2 is pleased to announce the appointment of Mark MacManus as Chief Executive Officer. Toby Nunn will transition to the role of Executive Chairman. BETHEL, CT, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- POWR2 is pleased to announce …

Flat Glass Coating Market Set for Significant Expansion with Rising Demand Through 2031

Increase in the standard of living, rapid urbanization, and increase in demand for day-to-day conveniences and ways of life are expected to drive the growth. WILMINGTON, DE, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- The global flat …

Green Carbon Market Poised for Strong Growth and High Returns Through 2031

Germany Bioenergy report states that 55% of the country's renewable energy comes from biomass, ensuring raw material availability for green carbon production. WILMINGTON, DE, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- The global …

EMC Announces Nominees for Energy Supplier of the Year Award

Winners announced at 23rd Semi-Annual Conferences in Houston March 24-25, 2025 NEW YORK, NY, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Today, Energy Marketing Conferences, LLC proudly announces the esteemed nominees for its " …

Hydrogen Fuel Cell Vehicle Market anticipated to surpass US$20,495.913 billion by 2030 at a CAGR of 19.78%

The hydrogen fuel cell vehicle market is anticipated to grow at a CAGR of 19.78% from US$8,314.243 billion in 2025 to US$20,495.913 billion by 2030. NEW YORK, NY, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- According to a new study …

Innovapptive Announces Webinar Unveiling the Power of AI-Powered Digital Operators in Frontline Work

See how AI-powered digital operators enhance frontline efficiency with predictive maintenance, real-time issue resolution, and seamless workforce collaboration. HOUSTON, TX, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Innovapptive, a …

AiDASH Launches Wildfire Mitigation Planning Services to Help Utilities Prevent Wildfires

Appoints CAL FIRE and SDG&E Veteran Randy Lyle to Lead New Wildfire Mitigation Practice PALO ALTO, CA, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- AiDASH, an enterprise SaaS company providing satellite-first AI applications for …

TouchPoint One Dominates Customer Service Technology Categories with Four Stevie® Award Wins

--- Acuity Platform's Human-Centered Performance Management Recognized for Excellence in Customer Service Innovation and Technology --- INDIANAPOLIS, IN, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- TouchPoint One, a leader in contact center …

Yes Energy Acquires RTO Insider

Two Leaders in North American Power Markets Unite BOULDER, CO, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Yes Energy, a leader in power markets software and data, announced its acquisition of RTO Insider LLC. The combination of Yes …

Kleinschmidt’s GinaRenee Autrey Named Co-Vice Chair of National Hydropower Public Affairs Committee

Seasoned marketing professional with over 25 years of experience LEXINGTON, SC, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Kleinschmidt Associates, an engineering, regulatory, and environmental consulting firm, is pleased to announce …

Waste Oil Market Trends: The Role in Biofuels and Alternative Energy

Waste Oil Market projected to reach $70.6 billion by 2031 WILMINGTON, DE, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the global Waste Oil market size was valued at $45.0 …

Brookfield Renewable to Issue C$450 Million of Green Bonds

BROOKFIELD, News, March 10, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield Renewable”) today announced that it has agreed to issue C$450 million aggregate principal amount of Series 19 Notes (the “Notes”), …

Access Fixtures Introduces the Launch of the PAXT LED Wall Pack with Selectable Wattage and Selectable Kelvin

PAXT LED Wall Pack is field configurable, has a glare-free polycarbonate diffuser lens, and comes with a standard photocell. WORCESTER, MA, UNITED STATES, March 10, 2025 /⁨EINPresswire.com⁩/ -- Access Fixtures, a leader in high-performance …