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A service for energy industry professionals · Friday, June 13, 2025 · 821,907,990 Articles · 3+ Million Readers
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OPEC Production News Monitoring

  • Published on 02:36 GMT

    OPEC+ Bets on Summer Demand as Q4 Glut Looms

    The OPEC+ group was likely betting on robust demand during the peak summer driving season when it decided to start accelerating the oil production hikes in May. The market proves it has been right. At the end of the second quarter and the start of the …

    Source: Oil Price - Neutral
  • Published on 01:13 GMT

    Oil production shrinks again, threatens 2mbpd target

    Efforts by the Federal Government to ramp up oil production to over two million barrels per day suffered another setback last month, The PUNCH reports. This was as Nigeria’s daily oil production declined again in May, falling from 1.68 million barrels per …

    Source: Punch - Indeterminate
  • Published on 00:47 GMT

    Venezuela Proposes Strategic Redesign of OPEC: A Path Forward Amid Sanctions and Energy Transition

    Venezuela urges OPEC+ unity and new governance model to protect oil producers’ interests.Photo:Xinhua. June 12, 2025 Hour: 4:14 pm Venezuela urges OPEC+ to adopt a new strategy in response to sanctions, volatile prices, and the global energy transition. …

    Source: teleSUR - Gov't Propaganda
  • Published on Jun 12, 2025

    Soaring Saudi crude output drives 180,000 b/d May OPEC+ boost: Platts survey

    OPEC+ crude production surged to 41.19 million b/d in May as Saudi Arabia took the opportunity of accelerated quota hikes to pump an extra 170,000 b/d to meet domestic demand, the Platts OPEC+ Survey from S&P Global Commodity Insights showed …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 12, 2025

    OPEC’s crude tanker loadings jump 24% week-on-week

    “In a possible sign that the unwinding of OPEC+ production cuts could increase seaborne volumes, the combined crude tanker loadings of OPEC countries has jumped 24% week-on-week to 2.281 million barrels per day (mbpd) in week 23, the bloc’s highest weekly …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 12, 2025

    How OPEC and BRICS are shaping the future of Global Energy Trade

    CHINA: Founded in 2016, OPEC—which controls over 50% of global oil production, plays a key role in stabilising prices by strategically adjusting its output levels. BRICS+ on the other hand, now including Middle Eastern countries Iran, UAE and possibly …

    Source: Daily News Tanzania - Pro-Government
  • Published on Jun 12, 2025

    OPEC Crude Tanker Loadings Surge 24% as Production Cuts Unwind

    OPEC countries have recorded their highest weekly crude tanker loadings since April 2023, with a significant 24% week-on-week increase to 2.281 million barrels per day (mbpd) in week 23, according to BIMCO. Despite this notable uptick, BIMCO’s Chief …

    Source: gCaptain - Neutral
  • Published on 14:04 GMT

    What’s Fueling Oil Prices? Geopolitics, Not Growth

    EDMONTON, CANADA, MAY 24: Close-up of a replica oil with words 'oil Country' well painted in ... More Edmonton Oilers colors, displayed outdoors in Edmonton, Alberta, Canada, on May 24, 2025. (Photo by Artur Widak/NurPhoto via Getty Images) …

    Source: Forbes - Neutral
  • Published on Jun 12, 2025

    U.S. Crude Production Set For A Decline Amid Low Oil Prices

    Earlier in the year, U.S. Treasury Secretary Scott Bessent unveiled his ambitious“3-3-3” plan wherein the Trump administration will target real GDP growth of 3% per year; cut the annual budget deficit from 7% of GDP to 3% and ramp up domestic oil …

    Source: Oil Price - Neutral
  • Published on 12:50 GMT

    Israel’s Attack On Iran Pushes Oil Prices Well Back Above $70

    An Iranian oil refinery in the industrial Gulf port of Bandar Abbas. (Photo: Jamshid Bairami)AFP via Getty Images Oil prices surged past $70 per barrel on Friday, following heightened tensions in the Middle East as Israel struck Iran overnight with what it …

    Source: Forbes - Neutral
  • Published on 09:32 GMT

    Oil Prices Surge, Russian Stocks Rise Amid Growing Tensions in Middle East

    Oil prices soared on Friday as Israel said it struck Iran’s nuclear facilities and missile factories, and while Tehran responded with a wave of more than 100 drones, sparking fears that a wider conflict in the Middle East could disrupt global oil supplies …

    Source: The Moscow Times - Center-left
  • Published on Jun 11, 2025

    Crude price fall to continue in 2025-26 as global production outpaces demand: US EIA

    Crude oil spot prices will continue to decline throughout 2025 and 2026 as slower demand growth and OPEC+ production will continue to cause global oil inventories to build, the United States Energy Information Administration forecast June 10. In its June …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 11, 2025

    US oil output set to fall next year for the first time since 2021, EIA says

    U.S. crude oil production will fall next year as lower commodity prices cause a slowdown in drilling activity, the U.S. Energy Information Administration said on Tuesday in its monthly Short-Term Energy Outlook report. The forecast marks a major milestone …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 10, 2025

    Demand for oil to soar 44 per cent from now until 2050, OPEC’s secretary-general tells Calgary gathering

    Open this photo in gallery:Haitham al-Ghais, Secretary-General of OPEC, delivers a speech at the Global Energy Show in Calgary on Tuesday.Jeff McIntosh/The Canadian Press There is no oil demand peak on the horizon, the head of the OPEC says, taking aim …

    Source: The Globe and Mail - Neutral
  • Published on Jun 11, 2025

    US oil output set for first annual drop since pandemic

    Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world US oil production will fall next year for the first time since the Covid-19 pandemic, according to a government forecast …

    Source: The Financial Times - Neutral
  • Published on Jun 10, 2025

    OPEC oil output in May rises less than planned

    OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi Arabia and the United Arab Emirates made smaller hikes than allowed. The Organization of …

    Source: Cyprus Mail - Indeterminate
  • Published on Jun 11, 2025

    Iraq scales back oil output under OPEC+ compliance push

    2025-06-11T17:15:09+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq reduced crude exports to 4 million barrels per day (bpd) in May 2025, down 50,000 bpd from April, to address overproduction, according to S&P Global Commodity Insights on …

    Source: Shafaq News - Indeterminate
  • Published on 13:50 GMT

    Oil prices, defense stocks jump on Israel's Iran strike

    00:00 Speaker A Israel began a major operation against Iran late Thursday, launching a series of strikes aimed at Iran's nuclear program and military leaders. Security camera footage captured explosions in Tehran overnight. Footage aired by Iran state …

    Source: Yahoo Finance - Center-left
  • Published on 11:20 GMT

    Oil Gains Over 7% Amid Israeli-Iran Conflict

    Crude oil prices surged more than 7% on Friday following reports that Israel launched a military strike on Iran, fueling investor anxiety over a potential broader conflict in the Middle East. The sudden escalation has sent shockwaves through global markets …

    Source: Investing - Neutral

18 days 19:40:12

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