OPEC News Monitoring

Opec+ calls time on attempts to boost oil price as Trump visit looms

Opec+’s repeated decisions to boost oil output signal an acceptance by Saudi Arabia that it is unable to push prices higher, say analysts, amid growing frustrations with other members of the cartel and ahead of a key visit to the region by US President …

Goldman Sachs Sees Final OPEC+ Output Hike in July

Goldman Sachs analysts have reportedly suggested that OPEC+ is likely to pause further oil production increases due to deteriorating global economic conditions. Goldman reportedly anticipates that OPEC+ will make a "final" decision in July to …

Nigeria Increases Crude Oil Production, Nears OPEC+ Quota

  Nigeria increased its crude oil output to an average of 1.486 million barrels per day (bpd) last month, up from 1.401 million bpd recorded in March, nearing the official quota of 1.5 million barrels per day set by OPEC+.   According to data released by …

Opec+ Takes Aggressive Steps To Regain Market Share

OPEC+ to ensure main growth of global oil supplies after 2030 — Novak

MOSCOW, May 12. /TASS/. OPEC+ countries, including Russia, will ensure the main growth of global oil supplies after 2030, Russian Deputy Prime Minister Alexander Novak wrote in an op-ed for the Energy Policy magazine. Meanwhile the share of the …

Nigeria’s crude output hits two-month high but below OPEC quota

Nigeria’s crude oil production climbed to a two-month high in April, signalling modest recovery efforts in Africa’s largest oil producer. However, it remained below the country’s official quota set by the Organisation of the Petroleum Exporting Countries ( …

Antigua and Barbuda Participates in Inaugural OPEC SIDS Summit in Vienna 

Ministry of Health & The Environment: The Honourable Michael Joseph, Minister of State in the Ministry of Health, Wellness, Environment and Civil Service Affairs, is currently participating in the inaugural OPEC Fund SIDS (Small Island Developing …

OPEC+ Expected to Halt Output Hikes in August, Goldman Says

Texas oil drilling applications hit 4-year low as producers weigh OPEC+ hike, trade war

Oil and gas drilling permit applications in Texas, the top U.S. oil-producing state, fell to their lowest last month since February 2021, consultancy Enverus said, amid concerns that rising OPEC+ supplies and a trade war will continue to hit crude prices. …

Oil falls as concerns over rising supplies overshadow US-China trade relief

By Stephanie Kelly and Trixie Yap (Reuters) -Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supplies, despite earlier optimism over the pause in the U.S.-China trade war after both countries temporarily cut tariffs. …

Trump travels to a Middle East in transition

This week, US President Donald Trump makes his inaugural visit to the Middle East since the start of his second term, traveling to Saudi Arabia, Qatar, and the United Arab Emirates on May 13-16. Amid the heightened focus on US policy toward the Middle East …

Oil prices climb 2% to two-week high on US-China tariff reductions

Oil prices climbed about 2% to a two-week high on Monday after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world's two biggest economies. Brent crude futures rose $1.35, or 2.1%, to $65. …

Oil prices settle up at two-week high as US, China ease tariffs

[NEW YORK] Oil prices rose about 1.5 per cent to settle at a two-week high on Monday, after the US and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. Brent crude futures rose …

Nigeria’s Oil Output Rises To 1.49m Barrels Per Day In April – NUPRC

Share Nigeria’s crude oil production rose to 1,485,700 barrels per day (bpd) in April, representing a 6.06% increase from the 1,400,783 bpd recorded in March, according to the latest figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC …

Iraq to reduce crude oil exports in May and June

2025-05-12T21:49:18+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq is set to export 3.2 million barrels per day of crude oil in May and June, an Iraqi official source told Reuters, in what would amount to a significant reduction from previous …

Oil Prices Rise on Eased Trade Tensions

Oil and most other commodities powered higher, while gold fell, after China and the US ratcheted down trade tensions that had threatened to slash demand for raw materials. West Texas Intermediate crude rose 1.5% to settle at $61.95 a barrel in New York, …

Global supply glut brings down fuel prices anew

The country’s oil firms will roll back effecive 6am today pump prices by P1.25 per liter for kerosene, P0.90 per liter for diesel and P0.30 per liter for gasoline. “Petron will implement the following price rollbacks effective 6 am, May 13: P0.30 per liter …

Pump prices down for second straight week

MOTORISTS will again have a slight reprieve this week, as firms yesterday announced another round of pump price rollbacks to mark the second straight week of downward price adjustments. In an advisory, Petron Corp. and Shell Pilipinas Corp. said they will …

Oil prices climb 2% to two-week high

NEW YORK: Oil prices climbed about 2% to a two-week high on Monday after the US and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world's two biggest economies. Brent crude futures rose $1.35, or 2.1%, …

Suncovia Expands Residential Solar Services to Massachusetts

Fast-Growing Solar Company Builds on Success in Maine and New Hampshire BANGOR, ME, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Suncovia, a leading provider of residential solar energy solutions in Northern New England, is proud to announce its …

InterContinental Energy’s Game-Changing P2(H2)Node™ System Cuts Green Hydrogen Costs and Scales Global Production

PERTH, FOREIGN, AUSTRALIA, May 12, 2025 /⁨EINPresswire.com⁩/ -- New Innovation can Lower CAPEX by 10%, Improve Efficiency by 10%, and will Power the Largest Hydrogen Projects in the World InterContinental Energy, a global leader in giga-scale …

Indra Energy Sponsors Tickets for Kids' 30th Anniversary Celebration Dinner

Indra Energy continues long-standing support of organization Tickets for Kids which provides access to enriching experiences for children in need. PITTSBURGH, PA, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Indra Energy, a leading supplier of …

EarthSoft zeigt praxisnahe Lösungen für den Umgang mit industriellen Schadstoffen auf dem NICOLE-Frühjahrsworkshop

EarthSoft präsentiert EQuIS: intelligente Tools für Monitoring, Modellierung und Risikobewertung bei industriellen Schadstoffen. FRANKFURT, GERMANY, May 12, 2025 /⁨EINPresswire.com⁩/ -- Dan Alexander, Chief Commercial Officer bei EarthSoft, …

AMPP Launches New Fusion-Bonded Epoxy (FBE) Coating Course to Strengthen Workforce Training and Industry Standards

Certification exam to follow; program designed with and for industry to enhance safety, sustainability, asset integrity HOUSTON, TX, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- The Association for Materials Protection and Performance ( …

Third Wave Digital Unveils Website Redesign For Sunoco LP

Third Wave Digital is excited to unveil the newly redesigned website for Sunoco LP, the largest independent fuel distributor in North America. MACON, GA, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Third Wave Digital is excited to unveil …

IPT Well Solutions Named Project Management Partner for MGL’s Exploration Program in Greenland’s Jameson Land Basin

DENVER, CO, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- IPT Well Solutions, a leading engineering and consulting firm serving the energy, CCUS, geothermal and industrial gas sector, announced its engagement by March GL Company (MGL) to …

Alicat Scientific increases its flow range for mass flow meters & controllers

Flowing up to 12,000 SLPM for all 130 selectable gas calibrations TUCSON, AZ, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Alicat® Scientific of Tucson, Arizona, pioneer of laminar differential pressure technology for mass flow, expands its …

InventionHome® Product Developer Creates Portable and Renewable Solution for Reliable Power

PITTSBURGH, PA, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Matthew S. of Glendale, CA is the creator of the Steam Powered Electric Generator, a portable generator system that utilizes steam to power a piston that turns a generator and …

Scientists hail new ‘industrially viable technology’ that can squeeze hydrogen from seawater

Scientists say they have developed a new technology capable of extracting clean hydrogen fuel directly from seawater. SHARJAH, EMIRATE OF SHARJAH, UNITED ARAB EMIRATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- By Ifath Arwah, University of Sharjah …

Interlynk Reaches 100 Customers on Community Tier, Including Four Fortune 500 Companies

Expands Free Offering with API Access, Enhanced Notifications, and Broader Vulnerability Coverage MENLO PARK, CA, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Interlynk, the leading platform for SBOM (Software Bill of Materials) management …

Saniflow Corp. to Exhibit at Cruise Ship Interiors Expo Americas 2025

Saniflow Corp, a leading manufacturer of commercial hand dryers and baby changing stations, announces they will exhibit at Cruise Ship Interiors Expo Americas. MIAMI, FL, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Saniflow Corp., a …

General Session Speakers Announced for 41st Annual International Fuel Ethanol Workshop & Expo

OMAHA, NE, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Ethanol Producer Magazine announced the keynote speakers for the 2025 International Fuel Ethanol Workshop & Expo (FEW) being held June 9-11, 2025, at the CHI Health Center in Omaha, …

Charge Rigs Launches Strategic Dealer Expansion, Invites New Partners in EV Charging Infrastructure

Charge Rigs announces strategic dealer expansion initiative, seeking new partners committed to advancing fleet electrification with premium DC charging. APOPKA, FL, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Charge Rigs today announced a …

3 Rivers Energy Partners Announces Key Leadership Transition

3 Rivers Energy Partners, is pleased to announce a strategic leadership transition designed to support the company’s continued growth and operational excellence THREE RIVERS, MI, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Due to its …

Clearing the air: microbial biofilters offer low-cost methane mitigation

FAYETTEVILLE, GA, UNITED STATES, May 12, 2025 /⁨EINPresswire.com⁩/ -- Methane, a greenhouse gas over 25 times more potent than carbon dioxide, continues to seep into the atmosphere from landfills, fossil fuel operations, and agricultural sources. …

Prospera Energy Announces Convertible Debt Private Placement and Operations Update

CALGARY, Alberta, May 12, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ("Prospera", “PEI” or the "Corporation") Convertible Debt Offering Prospera Energy Inc. ("Prospera" or the "Corporation…

Consolidated Water Reports First Quarter 2025 Results

GEORGE TOWN, Cayman Islands, May 12, 2025 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported results for the quarter ended …

leagend Unveils Smart Lead-Acid Battery Tester to Revolutionize Battery Manufacturing

leagend announced its smart lead-acid battery tester solution designed to tackle critical pain points in battery production and service operations. SHENZHEN, GUANGDONG, CHINA, May 12, 2025 /⁨EINPresswire.com⁩/ -- leagend, a leader in battery …

Industry Titans & Policymakers Gather in Mumbai to Redefine the Future of Energy

On June 11th 2025, Mumbai, Global experts and innovators convene to explore the next steps in the energy transition. MUMBAI, MAHARASHTRA, INDIA, May 12, 2025 /⁨EINPresswire.com⁩/ -- As the world races toward a low-carbon future, Mumbai is emerging …