OPEC (Organization of the Petroleum Exporting Countries) News Monitoring

OPEC sees solid second half of 2025 for oil demand growth, trims 2026 supply

Open this photo in gallery:OPEC left its forecasts for global oil demand growth unchanged in 2025 and 2026, after reductions in April.Alexander Manzyuk/Reuters OPEC said on Monday it expected the global economy to remain resilient in the second half of …

Nigeria’s Crude Oil Output Falls By 33,000b/d To 1.46mbpd In May – OPEC

Share Nigeria’s crude oil production in May 2025 plunged by 33,000 barrels per day, using direct report of the Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC). The report for May published on Monday showed that …

OPEC expects solid second-half of 2025 for world economy, trims 2026 supply

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group in 2026. In a monthly report …

Nigeria’s oil output records third decline in 2025, misses OPEC quota

Nigeria recorded a third production decline in the first five months of 2025, dropping by 32,759 barrels per day (bpd). This indicates inefficiencies in tackling issues surrounding investment, pipeline vandalism, and theft. Data from the Nigerian Upstream …

OPEC+ output falls short in May as members cut oil to offset quota breaches

The Organisation of Petroleum Exporting Countries and its allies (OPEC+) recorded a decline in crude oil output in May 2025, as several member states implemented voluntary production cuts to compensate for prior breaches of agreed production quotas.  The …

OPEC: Global oil demand growth for 2025, 2026 remain unchanged

The Organisation of the Petroleum Exporting Countries (OPEC) says it will maintain the global oil demand growth forecast at 1.3 million barrels per day (bpd) for 2025. In its latest monthly oil market report on Monday, the oil alliance said its forecast …

OPEC says Nigeria’s crude oil production of 1.4m largest in Africa

The Organisation of the Petroleum Exporting Countries (OPEC) says despite a decline in production, Nigeria retained its position as Africa’s largest crude oil producer in May.  In its latest monthly report on Monday, the oil cartel said Nigeria’s oil …

OPEC’s Oil Output In May Was Lower Than Planned: Here’s Why

The Organization of the Petroleum Exporting Countries (OPEC) produced less crude oil in May than its laid out plans. According to the data published by OPEC, the cartel increased its production output by 154,000 barrels a day, despite announcing plans to …

Kazakhstan's oil output edges down in May, but above quota, OPEC says

Moscow: Oil output in Kazakhstan, which has frequently exceeded the quota set by the OPEC+ group, declined by 21,000 barrels per day in May to 1.803 million bpd, but was again above the group's quota, OPEC monthly data showed on Monday. Under the …

Global oil demand unchanged for 2025, 2026: OPEC

VIENNA, June 16 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) said on Monday it would keep its forecasts for global oil demand growth unchanged at 2.9 percent for 2025 and 3.1 percent for 2026. In its latest monthly oil market …

OPEC trims supply for 2026, despite a strong second half of the world economy in 2025

OPEC stated on Monday that it expects the global economy to be resilient in the second part of this year despite trade conflict concerns. It also lowered its forecasts for the growth in oil production from producers outside the broader OPEC+ in 2026. The …

OPEC Oil Output Increase Falls Short of Target

OPEC’s crude oil production rose by 180,000 barrels per day (bpd) to 27 million bpd in May, with producers part of the OPEC+ agreement raising output by much less than the 411,000 bpd headline hike planned for last month as some members compensated for …

OPEC Says Output Hike Tempered by Compensation from Quota Cheats

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s leadership pushed members to atone for earlier over-production. The eight members involved in the group’s current accord raised …

OPEC sees solid second-half of 2025 for world economy, trims 2026 supply

LONDON/MOSCOW: OPEC said on Monday it expected the global economy to remain resilient in the second half of this year despite concerns about trade conflicts and trimmed its forecast for growth in oil supply from producers outside the wider OPEC+ group …

Opec: will continue to invest in fossil fuel production amid growing energy transition momentum: Sec-gen

KUALA LUMPUR: The Organisation of the Petroleum Exporting Countries (Opec) will continue to invest in fossil fuel production, despite the growing momentum behind sustainability initiatives and the global energy transition. Opec secretary-general Haitham Al …

Eight OPEC+ countries’ oil production above target in May — OPEC

MOSCOW, June 16. /TASS/. Eight OPEC+ countries voluntarily reducing oil production lifted 394,000 barrels per day more above the agreed plan with consideration of voluntary compensations, according to data released by the Organization of Petroleum …

OPEC keeps oil demand outlook globally for 2025, 2026

MOSCOW, June 16. /TASS/. The global oil demand may grow in 2025 by 1.3 mln barrels daily and the similar incremental growth is expected next year, the Organization of Petroleum Exporting Countries (OPEC) said in its June report. Therefore, the …

OPEC pantau konflik Israel-Iran

OPEC secretary-general condemns Israeli attack on Iran, offers condolences

TEHRAN – The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) has condemned Israel’s recent attack on Iran, expressing solidarity with the Iranian government and people in a message to Oil Minister Mohsen Paknejad, who also …

IAN OXENHAM ESQ SELECTED AS TOP ASSOCIATE COUNSEL OF THE YEAR BY IAOTP

Ian Oxenham Esq. will be honored at the International Association of Top Professionals annual awards gala in Las Vegas NEW YORK, NY, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- Ian Ross Athelstane Oxenham, Esq. was recently selected as …

TESCO® Launches SSM-6330-KIT for Reliable Substation and Intertie Testing in the Field

Enables utility technicians to safely validate substation voltages and currents—reducing downtime, increasing reliability, and improving grid diagnostics. BRISTOL, PA, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- TESCO®, the trusted name …

Free2move, Fiat 500e, and Ample Introduce Revolutionary Battery Swap Technology in Madrid

MADRID, SPAIN, June 16, 2025 /⁨EINPresswire.com⁩/ -- Free2move, a leading mobility solutions provider, is proud to announce the rollout of its partnership with Ample, bringing modular battery swapping technology to the Madrid car-sharing market. …

Southern Quality Propane Welcomes Valdosta Locals for Customer Celebration

VALDOSTA, GA, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- Just in time for summer grilling season, Southern Quality Propane (SQP) invites Valdosta-area residents to join them for Customer Appreciation Day. On Friday, June 27, guests can …

Novation Ltd. Unveils Advanced AI Threat Detection Platform for Energy Infrastructure

ALBERTA, CANADA, June 16, 2025 /⁨EINPresswire.com⁩/ -- Novation Ltd., a Canadian engineering and AI consultancy, has announced the launch of its next-generation Threat Detection and Predictive Monitoring System for energy, utilities and public …

Xcede Group shortlisted three times at 2025 Recruiter Awards

LONDON, UNITED KINGDOM, June 16, 2025 /⁨EINPresswire.com⁩/ -- Xcede Group, a specialist recruitment consultancy, is celebrating after being shortlisted in three categories at the 2025 Recruiter Awards. The Group’s three nominations are for: • …

Efficient Mobility Could Also Improve Energy Consumption: Alfredo Del Mazo Maza

SAN ANTONIO, TX, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- In recent decades, energy efficiency has become a key priority for countries aiming to lead the implementation of the 2030 Agenda to address climate change. According to …

Texas 5,000 Acre AI Data Center Site Fast Tracks 500 MW Behind-Meter Power

Texas Panhandle site offers 750 MW wind, 1 GW gas, and 250 MW BTM power—no PPAs signed, fully customizable to end-user load profiles. DALLAS, TX, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- A 5,000-acre Panhandle campus listed by Roxanne …

Dimension Energy Closes $360 Million Financing Package

Company’s largest financing to-date will support 112 MWdc community solar portfolio ATLANTA, GA, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- Dimension Energy (Dimension), a leading community solar developer, owner, and operator, announced …

Certified Secure: Qube’s Continuous Methane Monitoring Platform Meets SOC 2 Type II Standards

This certification confirms Qube's systems, protocols, and infrastructure meet rigorous standards for data security, availability, and confidentiality. CALGARY, ALBERTA, CANADA, June 16, 2025 /⁨EINPresswire.com⁩/ -- Qube has officially passed …

Tehama Technologies Expands Secure Hybrid Work Solutions on AWS Marketplace

Powering Enterprise-Grade Security, Compliance, and AI Governance for the Hybrid Workforce OTTAWA, ON, CANADA, June 16, 2025 /⁨EINPresswire.com⁩/ -- Tehama Technologies, a leading provider of integrated cybersecurity and hybrid work solutions, …

Alexander Döll Appointed CEO of the Methanol Institute

BRUSSELS, BELGIUM, June 16, 2025 /⁨EINPresswire.com⁩/ -- The Methanol Institute (MI) is pleased to announce the appointment of Alexander Döll as its new Chief Executive Officer. Alex succeeds Greg Dolan, who is retiring after nearly 30 years of …

Lynxspring Announces 'Forward Together' Partner Conference

RETHINK the Possibilities. LEE'S SUMMIT, MO, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- Lynxspring, Inc. (https://www.lynxspring.com), a leading provider of open software and hardware platforms for smarter buildings, smart …

Zapgo selects AMPECO to power EV charging network expansion across underserved UK locations

The partnership will support the delivery of an ambitious rollout programme of rapid charging at destinations around the UK LONDON, UNITED KINGDOM, June 16, 2025 /⁨EINPresswire.com⁩/ -- Zapgo, the UK-based Charge Point Operator (CPO) bringing …

Access Fixtures Introduces AFFO - High-Performance Marine-Grade LED Flanking Lights

AFFO LED flanking lights deliver durable, high-performance lighting with a marine-grade finish, IP66+, IK10, and 3G ratings for marine environments. WORCESTER, MA, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- Access Fixtures, a leader in …

Gireve, Hubject & Irdeto Form Strategic Partnership to Expand Plug & Charge Network Access

Gireve, Hubject, and Irdeto join forces to expand global Plug & Charge access, boosting EV interoperability and accelerating adoption. GOTHENBERG, SWEDEN, June 16, 2025 /⁨EINPresswire.com⁩/ -- at EVS38 three pioneering forces in the eMobility …

Zeo Energy Corp. Reports First Quarter 2025 Financial Results

NEW PORT RICHEY, Fla., June 16, 2025 (GLOBE NEWSWIRE) -- Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the first …

Global Leader VAC AERO Establishes First US Facility in Greenville, SC

VAC AERO invests $5.8M to open its first US operation in Greenville, SC, partnering with Meyer Tool to deliver advanced heat treating solutions. GREENVILLE, SC, UNITED STATES, June 16, 2025 /⁨EINPresswire.com⁩/ -- VAC AERO International Inc., a …

REMINDER: Boralex to hold Investor Day and present its 2030 Strategy on June 17, 2025

MONTREAL, June 16, 2025 (GLOBE NEWSWIRE) -- Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that its 2030 Strategy will be presented at an Investor Day on June 17, 2025, from 10 a.m. to 12:30 p.m., in Toronto. Financial analysts, investors …

RAPPEL : Boralex tiendra une Journée de l’investisseur et présentera sa Stratégie 2030 le 17 juin 2025

MONTRÉAL, 16 juin 2025 (GLOBE NEWSWIRE) -- Boralex inc. (« Boralex » ou la « Société ») (TSX : BLX) annonce que sa Stratégie 2030 sera présenté dans le cadre d’une Journée de l’investisseur le 17 juin 2025, de 10 h à 12 h 30, à Toronto. Les analystes …