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A service for energy industry professionals · Friday, April 18, 2025 · 804,376,760 Articles · 3+ Million Readers
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United Arab Emirates OPEC Iraq News Monitoring

  • Published on Apr 17, 2025

    Iraq leads OPEC+ overproduction as OPEC battles to enforce output limits

    Baghdad (IraqiNews.com) – OPEC+ continues to wrestle with production discipline, as the latest March crude output figures reveal significant overproduction by key members. According to the latest data, three countries — Iraq, Kazakhstan, and the United …

    Source: Iraqi News - Indeterminate
  • Published on Apr 17, 2025

    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 17, 2025

    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 Apr 17, 2025

    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 Apr 17, 2025

    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 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

    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 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 17, 2025

    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 17, 2025

    Paradigm shift’ in world economy to slash oil demand growth by one-third: IEA

    Global oil demand growth prospects are rapidly shrinking as drastic trade tariffs threaten to hit consumption in the US and China, the International Energy Agency said in its monthly oil market report published April 15. Responding to a “paradigm shift in …

    Source: Hellenic Shipping News - 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 17, 2025

    Oil Market Soars 2% as US Targets Chinese Importers of Iranian Oil

    By Adedapo Adesanya The oil market was up by nearly 2 per cent on Wednesday due to concerns about global supplies after the United States issued new sanctions targeting Chinese importers of Iranian oil. Brent crude futures grew by $1.18 or 1.8 per cent to …

    Source: BusinessPost Nigeria - 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 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

    UAE non-oil economy continues to exhibit healthy growth: Opec

    The organisation of the Petroleum Exporting Countries (Opec) stressed that the UAE’s non-oil economy continued to exhibit a healthy growth dynamic, with the most recent data and economic indicators highlighting a robust expansion. In its Monthly Oil Market …

    Source: Gulf Today - Pro-Government
  • Published on Apr 15, 2025

    OPEC+ states’ output in March exceeds plan by 1.12 mbd — IEA

    MOSCOW, April 15. /TASS/. OPEC+ countries participating in the agreement on oil production cuts boosted output by 50,000 barrels per day (bpd) in March 2025, with the plan exceeded by 1.12 mln barrels per day (mbd) considering voluntary …

    Source: TASS - 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
  • Published on Apr 14, 2025

    OPEC+ Policy Shift 'Highly Significant'

    In a report sent to Rigzone by Standard Chartered Bank Commodities Research Head Paul Horsnell recently, analysts at the bank, including Horsnell, noted that, in their view, “the shift in OPEC+ policy announced on April 3 is a highly significant one”. “We …

    Source: Rigzone - Neutral

04 days 02:11:21

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