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A service for energy industry professionals · Tuesday, May 13, 2025 · 812,096,619 Articles · 3+ Million Readers
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OPEC Output News Monitoring

  • Published on May 12, 2025

    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 …

    Source: New Telegraph - Pending
  • Published on 02:17 GMT

    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 …

    Source: The Financial Times - Neutral
  • Published on 07:29 GMT

    Experts List Obstacles To FG 2.5mbpd Oil Production Target

    ABUJA – Analysts have identified several obstacles to Nigeria’s ambitious target of produc­ing 2.5 million barrels of oil per day by 2026, a goal set for the Nigerian National Petroleum Company Limited (NNPCL) by President Bola Ahmed Tinubu. The Minister …

    Source: Daily Independent - Pending
  • Published on 04:13 GMT

    Tankers: OPEC’s Price Policy Could Boost Rates Down the Line

    The latest OPEC+ surprise decision to boost production could boost supply and lead to stronger tanker rates. In its latest weekly report, shipbroker Intermodal said that “the global oil market has been riding through intense swings, with Brent crude …

    Source: Hellenic Shipping News - Neutral
  • Published on 04:42 GMT

    OPEC+ policy shift clashes with demand uncertainty

    OPEC+ policy shift Demand concerns induced by tariff uncertainty have only been compounded by a shift in OPEC+ policy, which has weighed heavily on oil prices. OPEC+ appears to be in the process of moving away from defending prices towards defending market …

    Source: Hellenic Shipping News - Neutral
  • Published on 02:48 GMT

    Nigeria's Oil Production Hits 1.4mbpd In April, Up 6% - Nuprc

    NUPRC reported that Nigeria's average crude oil production for April reached 99% of the 1.5 million barrels per day (bpd) quota allocated by the Organization of Petroleum Exporting Countries (OPEC). According to the Nigerian Upstream Petroleum …

    Source: The Nigerian Voice - Indeterminate
  • Published on May 12, 2025

    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 …

    Source: Oil Price - Neutral
  • Published on May 12, 2025

    U.S. Shale Industry Braces for Increased Saudi Oil Production

    Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPEC’s Trillion Dollar Miscalculation), the kingdom has decided to boost oil production in a market that is already adequately …

    Source: Oil Price - Neutral
  • Published on May 12, 2025

    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 …

    Source: Channels TV - Neutral
  • Published on May 12, 2025

    Nigeria’s oil production rose by 6% to 1.48m bpd in April, says NUPRC

    The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April. According to NUPRC’s latest crude oil and condensate production data, the figure represents the …

    Source: The Cable - Neutral
  • Published on May 12, 2025

    The Long Game in the Desert: Saudi Arabia’s Strategic Pivot on Oil Production

    Saudi Arabia’s strategic pivot is about letting go of the illusion of market control and moving production back up toward capacity, which will provide more revenue in the long-term. At a brief online meeting on May 3, OPEC+ decided to again surprise the …

    Source: The National Interest - Washington D.C. - Right-wing
  • Published on May 12, 2025

    ‘FG Generated ₦7bn In Mining License Fees Q1 2025’, Says Alake

      The Minister of Solid Minerals Development, Dr Dele Alake, said Nigeria is already showing signs of further economic development, as the Federal Government generated nearly ₦7 billion in mining license fees in the first quarter of the year. He gave the …

    Source: Channels TV - Neutral
  • Published on May 12, 2025

    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 …

    Distribution channels: Politics
  • Published on May 12, 2025

    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. …

    Source: The Economic Times - Pending
  • Published on 00:43 GMT

    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. …

    Source: Yahoo Finance - Pending
  • Published on May 12, 2025

    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 …

    Source: The Business Times Singapore - Neutral
  • Published on 06:07 GMT

    Oil falls as concerns over rising supplies

    Ammon News - 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. Brent crude futures dropped 22 …

    Source: Ammon News - Indeterminate
  • Published on 08:22 GMT

    Trump visit raises diplomatic hopes in Saudi Arabia

    Ahead of US President Donald Trump's visit to the Middle East on Tuesday, officials in Riyadh believe his administration has significantly shifted toward their current stance on the Israeli-Palestinian conflict. Khalid Manzlawi, Saudi Arabia's …

    Source: Israel Hayom - Right-wing
  • Published on May 12, 2025

    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. …

    Source: Hellenic Shipping News - Neutral

06 days 19:19:45

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