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A service for energy industry professionals · Thursday, April 17, 2025 · 804,120,204 Articles · 3+ Million Readers
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Saudi Arabia OPEC Iraq News Monitoring

  • Published on 02:27 GMT

    OPEC Receives Updated Output Cut Compensation Plans From Iraq, Kazakhstan And Others

    Wednesday, April 16, 2025 9:30 PM EDT Image Source: Unsplash The Organization of the Petroleum Exporting Countries announced on Wednesday that it has received revised plans from member countries Iraq and Kazakhstan, as well as other nations within the …

    Source: myMotherLode - Pending
  • Published on 04:50 GMT

    OPEC says Iraq, Kazakhstan and others to cut output more in compensation plan

    MOSCOW: The Organization of the Petroleum Exporting Countries (OPEC) has received updated plans for Iraq, Kazakhstan and other countries to make further oil output cuts to compensate for pumping above agreed quotas, the group said on Wednesday. OPEC+, …

    Source: Zawya - Indeterminate
  • Published on 05:44 GMT

    Iraq, Kazakhstan, five other OPEC+ members pledge new compensation cuts

    Iraq, Kazakhstan and five other OPEC+ members implementing 2.2 million b/d of voluntary production cuts have submitted updated their compensation plans, the group said April 16, as it aims to make up for previous overproduction. In a statement, the …

    Source: Hellenic Shipping News - Neutral
  • Published on 07:58 GMT

    OPEC+ Efforts at Oil Quota Compensation Look Flimsy as Ever

    As OPEC+ makes yet another push for members to atone for busting their oil quotas, the latest data show their record of doing so is as bad as ever. When Saudi Arabia and its partners announced last month they would start reviving output halted two years …

    Source: Rigzone - Neutral
  • Published on 09:13 GMT

    Major oil producers present updated compensation plans to OPEC

    VIENNA: The OPEC Secretariat received on Wednesday updated compensation plans from Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan and Oman. As agreed during the virtual meeting held by the eight members of the OPEC+ alliance on …

    Source: Zawya - Indeterminate
  • Published on Apr 16, 2025

    OPEC receives oil output compensation plans from eight countries

    Moscow: The Organization of the Petroleum Exporting Countries (OPEC) has received updated oil output compensation plans from eight countries that have exceeded voluntary production quotas within the OPEC+ group, it said on Wednesday. The countries are …

    Source: ETEnergyworld.com - Indeterminate
  • Published on Apr 16, 2025

    Iraq’s TBI eyes regional expansion with Saudi branch licence

    Trade Bank of Iraq (TBI), the largest trade financing institution in Iraq, is expanding into the Arabian Gulf, its first foray outside its home market, with plans to open a branch in Saudi Arabia next year and launch asset management business in Abu Dhabi …

    Source: The National News - Pro-Government
  • Published on Apr 16, 2025

    OPEC+ Vows to Offset 4.57 Million Bpd Overproduction by June 2026

    The eight OPEC+ countries that have been cutting oil production will have to compensate 4.57 million barrels per day (bpd) in overproduction so far, and the compensation plans entail offsetting all above-quota output by June 2026. Saudi Arabia, Russia, …

    Source: Oil Price - Neutral
  • Published on 07:54 GMT

    Crude oil futures trade higher amid supply concerns  

    Crude oil futures traded higher on Thursday morning amid concerns over tighter supplies due to the US administration’s plan to impose new sanctions on Iran’s oil exports. At 10 am on Thursday, June Brent oil futures were at $66.49, up by 0.97 per cent, and …

    Source: The Hindu Business Line - Neutral
  • Published on Apr 16, 2025

    OPEC+ countries to compensate 4.6 mln barrels daily of surplus production by June 2026

    MOSCOW, April 16. /TASS/. The Organization of Petroleum Exporting Countries (OPEC) received updated plans of surplus oil production compensation from seven OPEC+ countries, specifically from Russia, Saudi Arabia, Iraq, the UAE, Kuwait, Kazakhstan …

    Source: TASS - Gov't Propaganda
  • Published on Apr 15, 2025

    Iran’s oil output rises by 12,000 bpd in March: OPEC

    TEHRAN – Iran increased its oil production by 12,000 barrels per day (bpd) in March, bringing total output to 3.335 million bpd, according to the latest monthly report from the Organization of the Petroleum Exporting Countries (OPEC). The report, released …

    Source: Tehran Times - Gov't Propaganda
  • Published on Apr 14, 2025

    Iraq in focus: Production tops target as OPEC+ expands

    2025-04-14T12:36:48+00:00 font Enable Reading Mode A- A A+ Shafaq News/ OPEC+ crude oil production rose to its highest level in eight months in March, according to a survey by S&P Global Commodity Insights published on Monday. The alliance produced …

    Source: Shafaq News - Indeterminate
  • Published on Apr 15, 2025

    US tariffs prompt OPEC to cut 2025 oil demand forecast

    The Organization of the Petroleum Exporting Countries (OPEC) on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. In its Monthly Oil Market Report (MOMR) for April, the Secretariat now sees demand …

    Source: National Accord Newspaper - Neutral
  • Published on Apr 15, 2025

    OPEC Lowers 2025 Oil Demand Forecast Amid U.S. Tariffs And Economic Uncertainty

    The Organisation of the Petroleum Exporting Countries (OPEC) has slightly reduced its global oil demand growth forecast for 2025, attributing the revision to economic uncertainty caused by U.S. trade tariffs and a sluggish global economic outlook. In its …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on Apr 15, 2025

    OPEC cuts global oil demand growth forecasts over US tariffs

    The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. A report by Reuters quoting the OPEC Monthly Oil Market Report for April said the …

    Source: Punch - Indeterminate
  • Published on Apr 14, 2025

    OPEC Lowers 2025 Oil Demand Forecast on Trade Tensions

    OPEC has revised its global oil demand growth forecast for 2025, citing escalating trade tensions and weaker-than-expected economic indicators. The cartel now anticipates a demand increase of 1.3 million barrels per day (bpd) for 2025, down 150,000 bpd …

    Source: Oil Price - Neutral
  • Published on Apr 14, 2025

    OPEC Trims 2025 Oil Demand Forecast Amid Trade Tensions

    OPEC has marginally reduced its 2025 global oil demand growth projection to 1.3 million barrels per day (bpd), down from 1.4 million bpd, citing economic uncertainties sparked by US trade tariffs. The cartel’s benchmark oil price fell to $66.25/barrel …

    Source: TVC News Nigeria - Pro-Government
  • Published on Apr 14, 2025

    Iran's oil output increases by 12,000 bpd: OPEC

    According to OPEC's April report, oil production volume by the organization's 12 member countries in March totaled 26.776 million barrels per day, a decrease of 78,000 barrels per day compared to February. However, Iran's oil production volume …

    Source: Mehr News Agency - Gov't Propaganda
  • Published on Apr 14, 2025

    OPEC cuts 2025 oil demand forecast over US tariffs, others

    By Chinelo Obogo The Organisation of the Petroleum Exporting Countries (OPEC) has reviewed its 2025 oil demand growth forecast downward, citing US trade tariffs and planned output increases by OPEC nations. In its April Monthly Oil Market Report (MOMR), …

    Source: The Sun Nigeria - Indeterminate

04 days 18:00:05

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