OPEC (Organization of the Petroleum Exporting Countries) News Monitoring

UAE to Curb Oil Shipments Amid OPEC+ Push for Quota Discipline

The United Arab Emirates, a key member of OPEC+, will reduce oil shipments early next year as the alliance seeks stronger discipline in meeting production targets to shore up prices. Abu Dhabi National Oil Co., known Adnoc, has cut the allocation of crude …

OPEC: oil production in Iran surges by 37,000 bpd in November

(MENAFN) Iran's oil production saw an increase of 37,000 barrels per day (bpd) in November, reaching a total of 3.323 million bpd, according to the latest report from the Organization of the petroleum Exporting Countries (OPEC). This growth occurred …

The African Energy Chamber (AEC) Endorses Haitham Al Ghais’ Renewal as the Organization of the Petroleum Exporting ...

UAE participates in 113th ministerial meeting of Arab Energy Organisation

Abu Dhabi [UAE], December 15 (ANI/WAM): The UAE participated in the 113th ministerial meeting of the Arab Energy Organisation (AEO), which took place today in the State of Kuwait, with the participation of ministers of oil and energy from the member …

OAPEC to undergo restructuring, rebrand with new name AEO

KUWAIT: The Organization of Arab Petroleum Exporting Countries (OAPEC) is undergoing a major restructuring, including a revision of its founding mandate and a new name. The 113th Ministerial Meeting held in Kuwait on Sunday officially approved the overhaul …

World News | UAE Participates in 113th Ministerial Meeting of Arab Energy Organisation

Abu Dhabi [UAE], December 15 (ANI/WAM): The UAE participated in the 113th ministerial meeting of the Arab Energy Organisation (AEO), which took place today in the State of Kuwait, with the participation of ministers of oil and energy from the member …

OAPEC Rebrands Into AEO

(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Dec 15 (KUNA) -- the Organization of Arab petroleum Exporting Countries (OAPEC) announced Sunday rebranding into the Arab energy Organization (AEO). The organization's Secretary General Jamal Al-Loughani …

Kuwait's Hosting Energy Events Boosts Joint Arab Action - Saudi Min.

(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Dec 15 (KUNA) -- Kuwait has been hosting many events that contributed to bolstering joint Arab action, Saudi Minister of energy Prince Abdulaziz bin Salman said on Sunday. Speaking at a news conference on the …

Oil Flat As IEA Anticipates 2025 Surplus, Despite OPEC Cut Extensions

Meanwhile, Canada's oil giants will ramp up production in 2025: File Image/Pixabay Oil prices declined minimally on Thursday as traders divided their attention between more expectations for inventory surpluses in 2025 and hope that the U.S. Federal …

Adeyemi-Bero’s OPEC Appointment A Big Leap For IPPG 

  Uche Cecil Izuora The Independent Petroleum Producers Group (IPPG) has celebrated the historic appointment of Ademola Adeyemi-Bero, one of its founding members, pioneer Chairman, and Trustee, as Chairperson of the Organisation of Petroleum Exporting …

Nigeria retained spot as Africa’s biggest oil producer in November, says OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria has retained its position as the largest oil producer in Africa. In its latest monthly report on Wednesday, OPEC said Nigeria’s oil output increased in November to 1.48 million …

OPEC Revises Forecasts and Cadre: Decline in Global Oil Demand Expected

The Organization of the Petroleum Exporting Countries (OPEC) has once again lowered its forecast for global oil demand growth in 2024. According to the latest monthly report, demand growth will only amount to 1.61 million barrels per day (bpd) in the …

Kuwait PM Receives OAPEC Chief, Member States' Ministers Of Oil, Energy

(MENAFN- Kuwait News Agency (KUNA)) Kuwait, Dec 15 (KUNA) -- His Highness the Prime Minister sheikh Ahmad Abdullah Al-Sabah on Sunday received the Ministers of Oil and energy from member states of the Organization of Arab petroleum Exporting Countries ( …

IEA Forecasts Adequate Oil Supply in 2025 Despite OPEC+ Cuts and Higher Demand

The International Energy Agency (IEA) has projected that the global oil market will be comfortably supplied in 2025, even as OPEC+ extends oil supply cuts and revises demand growth slightly upwards. In its monthly oil market report, the IEA, which advises …

UAE to cut oil shipments amid OPEC+ push for quota discipline, Bloomberg News reports

The United Arab Emirates plans to reduce oil shipments early next year, amid the OPEC+ group's push to seek stronger discipline in meeting production targets, Bloomberg News reported on Friday. The Abu Dhabi National Oil Co (ADNOC) has cut allocation …

Egypt Secures USD 40M OPEC Fund Loan for Gulf of Suez Wind Farms

Egypt received USD 40M from the OPEC Fund to develop 1.1 GW wind farms in the Gulf of Suez, advancing its renewable energy targets. The USD 1.1B project will supply power to 1.3M homes by 2026. December 13, 2024. By EI News Network Egypt has obtained a USD …

Libya leads OPEC production rise in November

Archive image: Libyan oil facility. CC: AALibya’s crude oil output surged by 141,000 barrels per day in November, contributing significantly to OPEC’s overall production increase, according to the monthly oil market report cited by Oil Price. Total OPEC …

OPEC Fund for International Development (OPEC Fund) approves close to US$1 billion in new development finance

Sierra Leone Telegraph: 12 December 2924: The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board …

OPEC+ decision to postpone production growth justified — Gazprom Neft

MOSCOW, December 13. /TASS/. The decision made by the OPEC+ to postpone the increase of oil production to April 2025 is justified, Gazprom Neft CEO Alexander Dyukov told reporters. "The decision is justified because the market is rebalanced at …

Mark Gilbert of ATN Discusses the Future of the Used Car Industry on Auto Remarketing Podcast

SCOTTSDALE, AZ, UNITED STATES, December 15, 2024 /⁨EINPresswire.com⁩/ -- Mark Gilbert, an esteemed figure in the automotive industry and CEO at Automotive Training Network (ATN), was featured on the latest edition of the Auto Remarketing Podcast, …

James Michael Matthew’s Vision for Climate Change: Launching the Movement Behind Building Fjords in the Great Deserts

Transforming Arid Landscapes into Thriving Ecosystems: A Bold Blueprint for Climate Solutions and Global Collaboration GLENDALE, CA, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- James Michael Matthew, an award-winning author and …

Middle East Energy Powers Up with New Features, Product Sectors, and Industry Conferences

DUBAI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The expanded 2025 edition of Middle East Energy, the region’s leading energy exhibition bringing together the leading lights of the industry, will feature a host of new shows, …

eMobility Forum at World Future Energy Summit 2025 in Abu Dhabi Will Help Drive Global Decarbonisation Goals

ABU DHABI, ABU DHABI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- As part of global efforts to decarbonise the transport sector, the upcoming World Future Energy Summit in Abu Dhabi will explore, examine, and encourage the use …

eMobility Forum at World Future Energy Summit 2025 in Abu Dhabi Will Help Drive Global Decarbonisation Goals

ABU DHABI, ABU DHABI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- As part of global efforts to decarbonise the transport sector, the upcoming World Future Energy Summit in Abu Dhabi will explore, examine, and encourage the use …

Longi Hi Mo X6 Artist by Longi Green Energy Technology Co.,Ltd. Wins Iron in A' Energy Industry Awards

Innovative Solar PV Module Recognized for Exceptional Design, Efficiency, and Aesthetic Appeal in Prestigious International Design Competition COMO, CO, ITALY, December 14, 2024 /⁨EINPresswire.com⁩/ -- The A' Design Award, a highly respected …

Batteryless Storage Solutions Market to Grow at a 29.6% CAGR, Surpassing US$ 9.2 Bn by 2034

The global batteryless storage solutions market, valued at $540 million in 2023, is projected to grow at a 29.6% CAGR, reaching $9.2 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global batteryless …

Advanced Wind Turbine Blade Materials Market to Reach US$ 9.8 Bn by 2034, Expanding at a 6.3% CAGR

The global advanced wind turbine blade materials market, valued at $5.0 billion in 2023, is projected to grow at a 6.3% CAGR, reaching $9.8 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global …

Paper-based Biofuel Cell Market Forecast: From US$ 300.0 Mn in 2023 to US$ 580.0 Mn by 2034

The global paper-based biofuel cell market, valued at $300 million in 2023, is projected to grow at a 6.3% CAGR, reaching $580 million by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global paper-based biofuel …

Floating Wind Turbines Market Trends: Valued at US$ 4.9 Bn in 2023, Projected to Reach US$ 83.4 Bn by 2034

The global floating wind turbines market, valued at $4.9 billion in 2023, is projected to grow at a 29.4% CAGR, reaching $83.4 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global floating wind …

Smart Bins for Waste Management Market Forecast: From US$ 75.3 Mn in 2023 to US$ 292.4 Mn by 2034

The global smart bins for waste management market, valued at $75.3 million in 2023, is projected to grow at a 13.1% CAGR, reaching $292.4 million by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global smart …

Solar Panel Operation & Maintenance Market Set to Achieve US$ 16.4 Bn by 2034, Growing at a 10.1% CAGR

The global solar panel operation & maintenance market, valued at $5.7 billion in 2023, is projected to grow at a 10.1% CAGR, reaching $16.4 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global …

SEAPEAK LLC DECLARES DISTRIBUTIONS ON SERIES A AND B PREFERRED UNITS

HAMILTON, BERMUDA, December 13, 2024 /⁨EINPresswire.com⁩/ -- Seapeak LLC (Seapeak or the Company) has declared cash distributions of $0.5625 per unit on the Company’s Series A preferred units (NYSE:SEAL PR A) and $0.5313 per unit on the Company’s …

Teflon Heat Exchanger Market Expected to Grow at a 7.7% CAGR, Reaching US$ 2.5 Bn by 2034

The global Teflon heat exchanger market, valued at $1.1 billion in 2023, is expected to grow at a 7.7% CAGR, reaching $2.5 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global Teflon heat exchanger …

Alternative Energy Market Projected to Reach US$ 3.4 Trn by 2034, Growing at a 12.4% CAGR

The global alternative energy market, valued at $940.4 billion in 2023, is projected to grow at a 12.4% CAGR, reaching $3.4 trillion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global alternative energy …

8 Trends Influencing U.S. Freight Railroading In 2025

Consumer confidence, energy pricing & deregulation, among other factors, provide a favorable environment for short-term growth and long-term industry planning MARLTON, NJ, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to …

Smart Society Ventures Releases Whitepaper on Decentralized Energy and Grid Technology

GENEVA, SWITZERLAND, December 13, 2024 /⁨EINPresswire.com⁩/ -- Smart Society Ventures (SSV) is proud to announce the release of its latest whitepaper, “Building a Smart Society: Decentralized Energy and the Grid Tech to Power It.” This …

Worry Free Davis Bacon Isssues for Construction Companies Doing Business with the Federal Government

Tax Incentives SCOTTSDALE, AZ, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Making sure that every employee receives the prevailing wage on a government construction job may sound easy if the company has 2 or 3 employees. Add in 15 …

Arden Nights 2024: How Music and Evertreen’s Tree-Planting Initiative Transformed Nepal’s Ecosystems

LOS ANGELES, CA, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Evertreen, the platform that makes it easy to plant real trees online, is thrilled to look back on the success of its partnership with Arden Records during Arden Nights 2024. …

Surpreenda neste Natal com as Estações de Energia Portátil BLUETTI para Todos os Estilos de Vida

SÃO PAULO, SÃO PAULO, BRAZIL, December 13, 2024 /⁨EINPresswire.com⁩/ -- Surpreenda neste Natal com as Estações de Energia Portátil BLUETTI para Todos os Estilos de Vida A contagem regressiva para o Natal já começou, e esta é a época perfeita …