OPEC Newswire

Russia Falls Short of OPEC Oil Output Quota for June

According to anonymous sources quoted by Bloomberg on Monday, Russia did not meet its OPEC+ monthly requirements in June, at the same time as sanctions are building on Russian oil and its derived products and Ukraine has targeted such facilities in its …

Global Oil Prices Capped Despite Geopolitical Shocks, Afreximbank Reports

Global oil markets remain balanced despite heightened geopolitical tensions, as rising supply offsets risk-driven volatility, according to the African Export-Import Bank’s July 2025 Commodity Market Update. Brent crude averaged US$81 per barrel in June, …

Exxon Mobil warns lower oil, gas prices could cut profit by over $1B

Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter’s level. The earnings snapshot from the largest US oil producer is closely watched for clues on how the …

Can the Oil Market Absorb OPEC+ Output Hikes? | OilPrice.com

Markets are thirsty for more oil, OPEC+ and oil majors say

Output increases from oil producer group OPEC+ are not leading to higher inventories, showing that markets are thirsty for more oil, ministers and executives from OPEC nations and bosses of Western oil majors said on Wednesday. OPEC+, which pumps about …

Drilling Plummets Under Trump Despite 'Drill, Baby, Drill' Promise

A slump in active oil and gas rigs across the United States has undercut President Donald Trump's rallying cry to "drill, baby, drill," raising economic and political stakes for his administration. Despite Trump's aggressive push for …

Global Commodity Prices Transformations Report 2025-2030 Opportunities In Copper Production Localization Efforts, Non-...

(MENAFN- GlobeNewsWire - Nasdaq) Explore the future of global commodity markets in the next 5 years, influenced by geopolitical shifts, trade policies, and technological advancements. Discover how supply chain disruptions, increasing demand for key …

Russia's Crude Oil Exports Fall To Lowest Level Since February

Experts have given reasons why. Russian oil supplies to global consumers have fallen to the lowest level since February this year. But this is only indirectly related to sanctions against the aggressor country. Oil shipments from Russia have fallen to the …

Azerbaijan 's daily oil production decreased in second quarter of year

In the second quarter of this year, the average daily crude oil production in Azerbaijan was at the level of 450 thousand barrels, which means a 4.3% decrease compared to the corresponding period of 2024, APA-Economics reports citing the U.S. Energy …

Crude oil prices fall as industry data shows increase in US inventories; copper futures rise post Trump tariff  

According to the industry body American Petroleum Institute (API), crude oil inventories in the US increased by 7.1 million barrels for the week ending July 4. Crude oil futures traded lower on Wednesday morning after an industry report showed an increase …

Oil steady on strong gasoline demand, Red Sea attacks while Trump tariffs loom

By Georgina McCartney HOUSTON (Reuters) -Oil prices were steady on Wednesday as investors weighed strong U.S. gasoline demand data and attacks on shipping in the Red Sea, while U.S. copper tariffs loomed. Brent crude futures settled up 4 cents, or 0.06%, …

ExxonMobil sees US$1.5 billion earnings hit from lower oil, gas prices

The company “has a much smaller trading organisation than its European peer Shell, and thus was not impacted by the same issues”Published Tue, Jul 8, 2025 · 06:14 AM [HOUSTON] ExxonMobil expects lower oil and gas prices to reduce the company’s earnings by …

Exxon signals lower oil, gas prices could hit second-quarter profit

By Sheila Dang HOUSTON (Reuters) -Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter's level. The earnings snapshot from the largest U.S. oil producer is …

Oil eases, traders weigh US tariffs, OPEC+ output hike

Oil prices retreated during Tuesday's Asian trade, reversing part of the previous session’s gains as markets digested the impact of fresh United States tariff threats and a larger-than-anticipated production increase by the Organisation of the …

OPEC forecast fuels optimism for Azerbaijan’s oil-driven growth

OPEC forecast fuels optimism for Azerbaijan’s oil-driven growth 9 July 2025 17:45 (UTC+04:00) The Energy Information Administration (EIA) of the U.S. Department of Energy recently released its forecast for OPEC’s daily crude oil production in 2026, …

Big Oil Braces for Oil Price Hit

Earlier this week, Shell warned its second-quarter earnings would be weaker due to lower trade in gas and oil derivatives. Now, Exxon has joined its peer in the warning series, saying weaker oil and gas prices during the second quarter would affect its …

Can the Oil Market Absorb OPEC+ Output Hikes?

OPEC+ never fails to surprise speculators and market analysts. This weekend’s meeting to decide August production levels was expected to be a short routine video call to announce another output hike of 411,000 barrels per day (bpd).   Short it was, but the …

Why Communities In The Niger Delta Region Must Unite Against Pipeline Vandalism, Oil Theft

1 In March 2025, President Bola Tinu­bu declared a state of emergency in Rivers State following a devastating pipeline explosion on the Trans-Niger Pipeline. Citing “disturbing incidents of vandalism by some militants,” the move served as a stark reminder …

Oil steadies as industry report points to gain in US stockpiles

Oil steadied as traders weighed signs of swelling US crude stockpiles and the fallout from President Donald Trump’s tariff regime. Brent held near $70 a barrel after a two-day gain, and West Texas Intermediate was around $68. US inventories rose by 7.1 …

Voler Systems Announces 2025 Spark Design Challenge for $20K in Engineering Services

Voler, a Silicon Valley leader in electronic design, announces the Spark Design Challenge. This initiative will award two $10K prizes in engineering services. SUNNYVALE, CA, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- Voler Systems, a …

cCarbon Launches Carbon Removal Market Intelligence Service, Expanding its Carbon Markets Offerings

New offering delivers regular updates including latest data and market reviews on CDR investments, offtake agreements, and broader market dynamics SAN FRANCISCO, CA, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- cCarbon, a leading provider …

GPRS Announces Client Experience & Commercial Operations Teams

Company Continues to Position for Explosive Growth MAUMEE, OH, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- GPRS is pleased to announce the evolution of their Customer Service Team into an integrated Commercial Operations Team with several …

US Navy funds Eta Space to develop advanced cryogenic cooling systems

Eta Space awarded Phase I STTR contract in partnership with Florida State University ROCKLEDGE, FL, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- Eta Space has been awarded a Phase I STTR contract to research rapid cryogenic cooling of …

Masdar and Iberdrola Announce €5.2bn UK Offshore Wind Deal and Full Energization of 476MW German Offshore Wind Farm

MADRID, SPAIN, July 10, 2025 /⁨EINPresswire.com⁩/ -- • One of the largest offshore wind transactions of the decade: Masdar and Iberdrola will co-invest €5.2 billion in the 1.4 GW East Anglia THREE project, each holding 50% and joint governance. • …

Savant Labs Showcases Agentic AI Analytics Release in Live Webinar

Time-saving agentic workflows, language model integration, and analytics governance take center stage SAN MATEO, CA, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- Savant Labs, the leader in agentic AI and analytics automation, invites data …

Chicago Residents Can Expect to Pay Between $6,000-$40,000 for a New Roof in 2025

Green Attic Roofing breaks down the real-world factors that shape roof replacement projects, empowering homeowners to plan ahead in 2025. CHICAGO, IL, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- As of mid-2025, homeowners in Chicago can …

First GaN-Based Motor Drive Reference Design for Humanoid Robots Delivers up to 15 ARMS in an Ultra-Compact Format

EPC91118 Reference Design Combines Power, Sensing, and Control in an Ultra-Compact Format for Robot Joints and UAVs EL SEGUNDO, CA, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- Efficient Power Conversion Corporation (EPC), the world leader …

LYTEN Powers America’s Energy Future—A Homegrown Alternative to Chinese Battery Dominance

“U.S. EXIM Bank Champions American Innovation with LYTEN” SAN JOSE, CA, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- Silicon Valley energy company LYTEN is leading the charge to deliver cutting-edge lithium-sulfur battery technology that …

SKYRE Launches its Next-Gen H2RENEW™ Gemini-1 Series: Scalable Technology for the Next Phase of Hydrogen Recovery

SKYRE’s Gemini-1 Series is Advancing Clean Energy Production With Cost-Effective and Scalable Hydrogen Recovery EAST HARTFORD, CT, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- SKYRE, a pioneer in scalable hydrogen solutions, proudly …

Masdar Hosts European Business Partners and Executives in Madrid to Accelerate Advanced Energy Partnerships

MADRID, SPAIN, July 10, 2025 /⁨EINPresswire.com⁩/ -- A senior-level forum in Madrid brought together more than 200 decision-makers from government, finance, and the broader Spanish energy ecosystem. Dr Sultan Al Jaber visited Saeta’s Madrid …

WattCycle Prime Day Sale Offers Deep Cycle LiFePO4 Batteries at 2025’s Lowest Prices

LOS ANGELES, CA, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- WattCycle today announces its 2025 Prime Day Sale, running from July 1 through July 12. During this limited-time event, every deep cycle LiFePO4 battery on WattCycle will be …

Next Generation Biofuels Market Poised for Explosive Growth, Set to Reach $59.4 Billion by 2030

Sustainable Fuel Future: Next Generation Biofuels Market Set to Grow at 26.4% CAGR Through 2030 ♻️🔋 WILMINGTON, DE, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- According to a recent report published by Allied Market Research, the next …

Clean Energy Infrastructure Market to Hit $1.8 Trillion by 2033, Fueled by Renewable Energy and Electrification Trends

🚀 Clean Energy Infrastructure Industry Set for 9.2% CAGR Growth, Powered by Renewable Innovation & Urban Expansion ⚡ WILMINGTON, DE, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- According to a recent report published by Allied …

Gas Meter Market Poised for Strong Growth with Smart Technology Driving Transformation

Smart Gas Meter Surge Powers Global Market Toward $13.1 Billion Milestone by 2033 🚀 WILMINGTON, DE, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- According to a new report by Allied Market Research, the global gas meter market size was …

Residential Boiler Market Set to Surpass $12.5 Billion by 2031, Driven by Urbanization and Energy Efficiency Trends

Global Residential Boiler Market to Grow at 5.2% CAGR Fueled by Smart Homes, Cold Climates, and Gas-Powered Systems WILMINGTON, DE, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- According to a recent report published by Allied Market …

Solid-State Transformer Market Poised to Hit $468 Million by 2028 Amid Smart Grid & EV Infrastructure Boom

Smart Grid & EV Charging Demand Boost Solid-State Transformer Market at 16.9% CAGR Through 2028 WILMINGTON, DE, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- According to a recent report by Allied Market Research, the global solid- …

This Week in Construction: Top Innovations & Industry Trends – July 9, 2025

Peer-to-peer digital content sharing for construction and building professionals SUNDRE, ALBERTA, CANADA, July 9, 2025 /⁨EINPresswire.com⁩/ -- Since its establishment in 2003, Construction Links Network has emerged as a premier news and …

Heinrich Urges Trump DOE and DOI Nominees to Lower Energy Costs, Keep Americans Safe, and Maintain America’s Competitive ...

WASHINGTON — In his opening statement, U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the U.S. Senate Energy and Natural Resources Committee, grilled several pending Trump Administration nominees on the President’s Fiscal Year 2026 (FY26) budget …

Heinrich Grills Trump Administration Nominee on Maintaining a Robust Energy Grid That Keeps Utility Costs Low for ...

Heinrich to Audrey Robertson, nominee to spearhead DOE’s Energy Efficiency and Renewable Energy Office: “Do you agree that in the face of rising demand, that the grid requires more, not less affordable, reliable energy?”  WASHINGTON — During a U.S. Senate …