OPEC (Organization of the Petroleum Exporting Countries) News Monitoring

OPEC sees lower supply growth from rivals, keeps demand outlook steady

The Vienna-based cartel expects supply from producers outside of the wider OPEC+ alliance to rise by 730,000 barrels a day in 2026, down from 800,000 barrels a day previously. U.S. oil output is projected to grow by 210,000 barrels a day, compared with …

OPEC Sees Lower Supply Growth From Rivals, Keeps Demand Outlook Steady

OPEC+ states’ production 52,000 bpd below plan considering voluntary cuts in May

MOSCOW, June 16. /TASS/. Oil production by OPEC+ countries participating in the output reduction agreement increased by 200,000 barrels per day (bpd) in May 2025, though their production was 52,000 bpd below the plan considering voluntary cuts and …

Russia boosts oil output by 3,000 bpd in May — OPEC

MOSCOW, June 16. /TASS/. Russia’s crude oil production went up by 3,000 barrels per day (bpd) in May 2025 to 8.984 mln barrels per day (mbd), though output was 14,000 bpd below the OPEC+ plan considering compensations and voluntary cuts, according …

Business : OPEC To Continue Investing In Fossil Fuels Despite Growing Sustainability And Energy Transition Initiatives

KUALA LUMPUR, June 16 (Bernama) -- 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 …

Iran-Israel conflict not to alter OPEC trajectory, to continue 2.2 million barrels/ day production cuts: Vandana Hari

Vandana Hari, Founder & CEO, Vanda Insights, says OPEC+ is likely to continue unwinding its 2.2 million barrels per day production cuts, a decision driven more by internal dynamics than external market pressures. Eight member nations are expected to …

Globe Climate: Keeping G7 leaders safe from grizzlies

If you’re reading this on the web or someone forwarded this e-mail newsletter to you, you can sign up for Globe Climate and all Globe newsletters here. Good afternoon, and welcome to Globe Climate, a newsletter about climate change, environment and …

Oil prices fall $1 per barrel on reports Iran seeks truce with Israel

Both Israel and Iran have traded airstrikes, including on energy infrastructure, but key oil export facilities have not yet been hit. "The Israelis have not touched Kharg Island, so that is the story right now," Mizuho's Yawger said, …

Oil prices rise as Iran-Israel conflict fans supply worries

Oil prices climbed over 2 per cent on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged "everyone" to evacuate Tehran, increasing the prospect of deepening unrest in the region and disruption to oil supply. The …

OPEC calls for IEA restraint on stock releases as members monitor Israel-Iran risks

OPEC Secretary General Haitham al-Ghais has accused the International Energy Agency of raising “false alarms” amid Israeli attacks on Iranian nuclear facilities, after the agency’s chief hinted at potentially releasing emergency oil stocks. In a statement, …

Why Israel's attacks aim to cripple Iran's energy sector

The escalating conflict between Israel and Iran, with both sides firing missiles and drones at each other, has unsettled global energy markets.   Israeli attacks on Saturday targeted Iran's energy infrastructure, including vital oil storage sites, …

OPEC Stuck between Market Share Push, Demand Uncertainty

In the past, oil price wars were short, sharp and, to those who profited from them, sweet. Now, an oil price war is a more cautious affair—assuming what OPEC is doing with its supply return is a price war, of course. And because most assume just that, all …

Oil ministry attends key OPEC statistical meeting in Vienna

A delegation from Libya’s Ministry of Oil and Gas has taken part in the 24th Annual Statistical Meeting at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna. The meeting, attended by representatives from member …

Oil Dips On Ceasefire Hopes Despite Trump Urging Tehran To Evacuate

Analysts respond to Iran wanting a ceasefire and write off Friday's price spike as "knee jerk" trading: File Image/Pixabay The interpretation of pundits that Iran is seeking an end to hostilities with Israel caused a dip in oil prices on …

Oil prices fall US$1 per barrel on reports Iran seeks truce with Israel

[NEW YORK] Oil prices slipped $1 per barrel on Monday in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region. Brent …

Oil prices now $74/b as Israel-Iran hostilities escalate

Rising tensions between Israel and Iran have severely damaged critical oil infrastructure, triggering a sharp spike in global oil prices, Daily Trust can report. Brent crude increased by 11.71% from $66.45 last Monday to $74.23 as of yesterday after …

America and rare earths: a little urgency, please

America usually has other countries over a barrel.  Not the other way around – unless you’re old enough to remember when the Organization of Petroleum Exporting Countries (OPEC) cracked the whip and Washington and the West usually fell in line. But last …

Oil rises as Iran-Israel conflict spurs uncertainty

SINGAPORE: Oil prices climbed on Tuesday on concerns the Iran-Israel conflict may intensify, raising the risk of further unrest and the potential disruption of oil supply from the key Middle East producing region. Brent crude futures rose 34 cents, or 0.5% …

What analysts say it will take for the Israel-Iran conflict to rattle the markets

The Israel-Iran conflict escalated over the weekend — not that you could tell by looking at the financial markets on Monday. The major U.S. stock benchmarks opened higher. Oil prices fell. Gold, the ultimate safe-haven asset, also edged lower. Abroad, the …

Bluegrace Energy Bolivia (BGEB) Powers Peru's First Fully Token-Financed Industrial Green Energy System at ZOFRATACNA

BGEB, & Partners to Launch Latin America’s 1st Vegan Factory Powered by Tokenized Carbon Credits in a UN-Backed Eco-Industrial Zone. LONDON, GREATER LONDON, UNITED KINGDOM, June 17, 2025 /⁨EINPresswire.com⁩/ -- In a landmark step toward …

DCAC Austin 2025 Welcomes Back Wade Vinson of NVIDIA as Keynote Speaker

NVIDIA’s Chief Data Center Distinguished Engineer Returns to the DCAC Stage to Lead This Year’s Visionary Conversation. AUSTIN, TX, UNITED STATES, June 17, 2025 /⁨EINPresswire.com⁩/ -- DCAC Austin is honored to announce that Wade Vinson, Chief …

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 …