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A service for energy industry professionals · Friday, May 30, 2025 · 817,680,092 Articles · 3+ Million Readers
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OPEC & Quotas News Monitoring

  • Published on 13:04 GMT

    OPEC+ retains 3.6 mil b/d of group-wide cuts through 2026

    OPEC+ agreed to stick to plans to keep 3.6 million b/d of crude off the market until the end of 2026 at a meeting May 28, in a move that was widely expected. In a statement released after the meeting, the OPEC Secretariat said it had been mandated to …

    Source: Hellenic Shipping News - Neutral
  • Published on 15:32 GMT

    OPEC+ Mulls Even Larger Oil Output Hike as It Seeks Market Share

    OPEC+ is considering accelerating its production increases by discussing a potential hike of more than 411,000 barrels a day for July as it seeks to recoup lost market share, according to people familiar with the matter. Eight key members of the …

    Source: Rigzone - Neutral
  • Published on 15:52 GMT

    Brent Slides Below $64 as Trump and OPEC+ Rattle Crude Markets

    A turbulent week for global energy markets saw oil prices slide amid OPEC+ uncertainty and escalating U.S.-China tensions. The double whammy of OPEC+’s unpredictability and Donald Trump’s heated rhetoric over China ‘totally violating its agreement’ with …

    Source: Oil Price - Neutral
  • Published on 11:51 GMT

    Oil declines amid tariff concerns; OPEC+ hike looms

    Oil prices fell during Asian trade on Friday, on course to post a weekly decline of around 2.5% as markets reacted to volatile developments in United States trade policy and anticipated an output increase from OPEC+. By 3 pm AEST (5 am GMT) Brent crude …

    Source: Azzet - Pending
  • Published on 09:24 GMT

    Oil prices head for second weekly drop ahead of Opec+ output decision

    Oil prices slipped on Friday and are heading for their second weekly decline as the Opec+ alliance prepares for its meeting this weekend, where it is expected to announce its third major output increase. Brent, the benchmark for two thirds of the world…

    Source: The National News - Pro-Government
  • Published on 05:26 GMT

    Oil could sink further as OPEC+ shuns warning signals

    Oil prices could plummet further as eight members of the OPEC+ alliance are weighing a further increase in oil production of up to 411,000 barrels per day (bpd) in July, according to unnamed sources familiar with the matter. The potential adjustment would …

    Source: Azzet - Pending
  • Published on May 29, 2025

    OPEC+ members could hike July oil production by 411,000 barrels per day: Sources

    Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance could …

    Source: CNBC - Neutral
  • Published on May 29, 2025

    OPEC+ Maintains Output Targets Amid Market Uncertainty

    (MENAFN- The Arabian Post) Arabian Post Staff -Dubai OPEC and its allies, collectively known as OPEC+, have reaffirmed their existing oil production targets through 2026, opting to maintain current supply restraints despite ongoing market volatility and …

    Source: MENAFN - Indeterminate
  • Published on May 28, 2025

    OPEC+ discusses quota mechanism for 2027

    MOSCOW, May 28. /TASS/. OPEC+ countries are discussing a mechanism of assessing oil production quotas within the deal framework for 2027, a source in one of delegations told TASS. Recommendations of OPEC+ monitoring committee in conclusion of the …

    Source: TASS - Gov't Propaganda
  • Published on May 28, 2025

    OPEC to develop mechanism for OPEC+ quotas for 2027

    MOSCOW, May 28. /TASS/. The OPEC Secretariat will develop a mechanism to assess maximal oil production capacities in OPEC+ countries that will be used to determine base production levels under the OPEC+ agreement in 2027, according to the statement …

    Source: TASS - Gov't Propaganda
  • Published on May 29, 2025

    OPEC+ Ratifies Group-Wide Quotas Before July Output Decision

    OPEC+ ratified group-wide production quotas for this year and next, ahead of a decision by eight key members at the weekend whether to bolster output again in July. The Organization of the Petroleum Exporting Countries and its partners reaffirmed their …

    Source: Rigzone - Neutral
  • Published on May 29, 2025

    Opec plus adopts plan for 2027 baselines

    OPEC+ agreed yesterday to establish a mechanism for setting baselines for its 2027 oil production, while Opec+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. The group, which includes the …

    Source: Gulf Daily News Online - Pro-Government
  • Published on May 29, 2025

    WTI Rises Above $62.00 As OPEC+ Holds Oil Quotas

    Wednesday, May 28, 2025 11:00 PM EDT Image Source: Pixabay WTI edges higher to around $62.15 in Thursday’s early Asian session, adding 0.88% on the day.  OPEC+ kept its output policy unchanged; attention will shift to the July OPEC+ output decision. Oil …

    Source: myMotherLode - Pending
  • Published on May 28, 2025

    OPEC+ alliance holds oil quotas ahead of July output review

    A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024.  Maxim Shemetov | Reuters OPEC+ countries on Wednesday agreed to leave their …

    Source: CNBC - Neutral
  • Published on 16:03 GMT

    Tinubu’s 2 years in office: APC lauds Nigerians for understanding

    By Emmanuel Mogbede The All Progressives Congress (APC), has commended Nigerians for their understanding and support to President Bola Tinubu-led administration in the last two years. Mr Felix Morka, the party’s National Publicity Secretary made the …

    Source: News Diary Online - Indeterminate
  • Published on May 28, 2025

    OPEC+ to Begin Discussing 2027 Production Baselines This Week

    The OPEC+ group could start talks about establishing the baselines for individual members’ production quotas for 2027 as early as today, delegates from the alliance told Reuters on Wednesday. Some big OPEC producers, such as Iraq, the United Arab Emirates …

    Source: Oil Price - Neutral
  • Published on May 28, 2025

    Opec+ affirms quotas through 2026 while developing targets for 2027 production

    Decision comes ahead of expected Sunday meeting on July production levels Opec Secretary General Haitham Al-Ghais looks on as he leaves the Capitolio, the house of the National Assembly, after attending the presidential inauguration of Venezuela's …

    Source: Upstream - Neutral
  • Published on May 28, 2025

    OPEC+ to Maintain Group Quotas Ahead of July Output Decision

    [Stay on top of transportation news: Get TTNews in your inbox.] OPEC+ gathered online May 28 to ratify their current groupwide production quotas, ahead of a decision by eight key members at the weekend whether to bolster output again in July. The …

    Source: Transport Topics - Neutral
  • Published on May 28, 2025

    OPEC+ Adopts Plan for 2027 Baselines Ahead of July Output Hike Talks

    LONDON/MOSCOW, May 28 (Reuters) – OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. …

    Source: gCaptain - Neutral

03 days 05:00:46

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