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A service for energy industry professionals · Saturday, May 10, 2025 · 811,477,721 Articles · 3+ Million Readers
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Organization of the Petroleum Exporting Countries News Monitoring

  • Published on 17:03 GMT

    OPEC Output Slips in April Despite Scheduled Hike, Survey Reveals

    Oil production by the Organisation of the Petroleum Exporting Countries (OPEC) dipped slightly in April, despite a planned increase in output, according to a Reuters survey published on Thursday, May 8, 2025. The decline was primarily attributed to reduced …

    Source: News Central TV - Indeterminate
  • Published on 17:24 GMT

    Expert: OPEC+ Oil Cartel May Collapse By The End Of The Year

    3 After that, Russia will lose the opportunity to make money from oil sales. The OPEC+ oil cartel may collapse as early as 2025. After that, Russia will lose the opportunity to make money on oil sales. This was told in an interview with NV by Mikhail …

    Source: Charter 97 - Center-left
  • Published on 21:36 GMT

    New fuel price rollbacks seen next week

    Inquirer file photo/Niño Jesus Orbeta MANILA, Philippines — Oil companies are expected to slash the prices of fuel products for a second straight week, estimates from industry players showed. Jetti Petroleum president Leo Bellas said on Saturday that …

    Source: Inquirer - Neutral
  • Published on 11:11 GMT

    Trump looks to reestablish US influence in Middle East with foreign foray

    President Donald Trump's inaugural trip abroad is poised to be consequential as he tries to reshape the world order, with the Middle East in his sights amid his tariff war. Trump is scheduled to depart next week on a dayslong tour of the Middle East …

    Source: The Gazette - Colorado - Neutral
  • Published on May 9, 2025

    OPEC+ Tests the Shale Sector

    When eight OPEC+ producers decided May 3 to accelerate production increases, they cited “healthy oil market fundamentals,” but the market is ailing. There are more plausible motivations for increasing output in the face of a global economic downturn: to …

    Source: Arab Gulf States Institute in Washington - Neutral
  • Published on May 9, 2025

    Nigeria’s crude oil output falls by 4.37% in March, below OPEC’s quota – Report 

    The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its April Monthly Oil Market Report (MOMR), the country’s crude oil output dropped by 4.37% in March, falling from 1.465 million barrels …

    Source: Nairametrics - Neutral
  • Published on 01:59 GMT

    Frontline report: Saudi sheikhs and Ukrainian drones brutally punish Russia as oil money drains

    Today, there is interesting news from the Russian Federation. The crashing global oil prices have deepened Russia’s financial burden, making it too dependent on the interests of other countries to maintain its national budget. Saudi Arabia’s refusal to …

    Source: Euromaidan Press - Neutral
  • Published on May 8, 2025

    OPEC April oil output edges lower despite plans for hike, survey finds

    By Alex Lawler LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya. …

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

    OPEC April oil output falls – Report

    The Organisation of the Petroleum Exporting Countries’ oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found. The decline was led by a cut in Venezuelan supply on renewed United States attempts to curb the …

    Source: Punch - Indeterminate
  • Published on May 9, 2025

    Oil prices post weekly gains on US-China trade talk optimism

    [NEW YORK] Oil prices settled nearly 2 per cent higher on Friday and notched their first weekly gains since mid-April as a US trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing. …

    Source: The Business Times Singapore - Neutral
  • Published on May 8, 2025

    Texas oil drilling applications at 4-year low as producers consider OPEC+ increase, trade war

    Enverus, a consultancy, said that oil and gas drilling permits in Texas, which is the leading U.S. state for oil production, dropped to their lowest level since February 2021. This was due to concerns about rising OPEC+ supply and a trade conflict …

    Source: World Energy News - Connecticut - Pending
  • Published on May 8, 2025

    HALLIGAN: Power struggle in OPEC+ is pulling oil prices down

    The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — sending Brent tumbling from over $74 a barrel at the start of the month to just under $60 by early …

    Source: BNE Intellinews - Neutral
  • Published on May 8, 2025

    Oil ETFs Heat Up As OPEC+ Pump-Up, US-UK Trade Deal, China Talks Fuel Rally

    In the wake of OPEC+’s weekend decision to increase oil production quotas, energy ETFs are back in the spotlight—some surfing the wave of positive sentiment, others protecting against geopolitical uncertainty. As oil prices surged on the U.S.-UK trade …

    Source: Benzinga - Neutral
  • Published on May 8, 2025

    OPEC+ Overproducer Kazakhstan Will Not Cut Oil Output in May

    Kazakhstan doesn’t have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal. Kazakhstan, one of the …

    Source: Oil Price - Neutral
  • Published on May 9, 2025

    Oil prices rise as U.S.-China trade tensions ease

    Oil prices rose on Friday, poised for a weekly gain as trade tensions between top oil consumers, China and the United States, showed signs of easing. Brent crude increased by $1.20, or 1.9%, reaching $64.04 per barrel by 1203 GMT. U.S. West Texas …

    Source: Profit by Pakistan Today - Neutral
  • Published on May 8, 2025

    Latest OPEC announcement sparks fears over tumbling oil prices

    “They’re certainly not helpful. You have all this oil price impact on one hand, while your tariffs are going to raise input costs. So companies can get squeezed a little bit on the margin side,” said Syed, head of equity research energy services at ATB …

    Source: Wealth Professional Canada - Pending
  • Published on May 8, 2025

    Standard Chartered Says OPEC+ Policy 'Explained by 2 Main Factors'

    It is very easy to fall for the temptation of layering various types of conspiracy theories together as explanations of changes in OPEC+ policy, analysts at Standard Chartered Bank, including the company’s commodities research head Paul Horsnell, said in a …

    Source: Rigzone - Neutral
  • Published on May 8, 2025

    How Saudi Arabia is cranking up the pressure on its OPEC allies

    YOU cannot fault the Organisation of the Petroleum Exporting Countries for its communication. On May 3rd it and its allies (OPEC+), which supply 40% of the world’s crude oil, announced that they would crank up output by 411,000 barrels a day (b/d) in …

    Source: The Economist - Neutral
  • Published on May 8, 2025

    Kazakhstan reaffirms commitment to OPEC+ agreement

    Kazakhstan’s energy ministry said on Tuesday it is committed to the OPEC+ agreement and will continue to fulfil all its obligations in order to ensure the stability of the global energy market. Kazakhstan has repeatedly exceeded its oil output quotas over …

    Source: Hellenic Shipping News - Neutral

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  • Published on May 10, 2025 - 19:29 GMT

    US, Russia talk about beginning again gas flows to EU

    (MENAFN) The United States and Russia have engaged in behind-the-scenes discussions about restarting Russian natural gas exports to the European Union, according to a Thursday report by Reuters citing eight unnamed sources. The talks are said to be part of …

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  • Published on May 10, 2025 - 19:28 GMT

    Deputy Premier declares Putin, Xi making progress on main gas pipeline

    (MENAFN) Russian President Vladimir Putin and Chinese President Xi Jinping have agreed to fast-track the development of the Power of Siberia 2 gas pipeline, Deputy Prime Minister Aleksandr Novak announced following their meeting in Moscow. The discussions …

    Distribution channels:
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