Kazakhstan OPEC Newswire

Looming oil surplus could stall price recovery, say analysts

Oil prices are not likely to recover much as a significant surplus is looming on the market, according to analysts. Brent crude oil prices fell below $60 at the beginning of last week following OPEC+’s announcement of a substantial production increase for …

Trade Tensions, Oil Sanctions, and the Future of Middle East Oil

Introduction On April 2, the Trump Administration announced global reciprocal tariffs, including the Middle East. Gulf partners were spared from high reciprocal tariffs, with the UAE, Oman, Qatar, Bahrain, Kuwait, and Saudi Arabia holding at the minimal …

OPEC+ policy shift clashes with demand uncertainty

OPEC+ policy shift Demand concerns induced by tariff uncertainty have only been compounded by a shift in OPEC+ policy, which has weighed heavily on oil prices. OPEC+ appears to be in the process of moving away from defending prices towards defending market …

Tankers: OPEC’s Price Policy Could Boost Rates Down the Line

The latest OPEC+ surprise decision to boost production could boost supply and lead to stronger tanker rates. In its latest weekly report, shipbroker Intermodal said that “the global oil market has been riding through intense swings, with Brent crude …

Chevron's Resilient Business Positions It to Thrive at Lower Oil Prices

Oil prices have slumped this year. Brent, the global oil benchmark, has fallen nearly 15% already this year and was recently in the low $60s. Several factors have weighed on crude oil prices, including OPEC's decision to increase its production at a …

Opec+ calls time on attempts to boost oil price as Trump visit looms

Opec+’s repeated decisions to boost oil output signal an acceptance by Saudi Arabia that it is unable to push prices higher, say analysts, amid growing frustrations with other members of the cartel and ahead of a key visit to the region by US President …

Kazakhstan's CPC Exports To Fall In May

Kazakhstan's oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia's Black Sea port of Novorossiysk expected to drop to approximately 1.5 million …

The Long Game in the Desert: Saudi Arabia’s Strategic Pivot on Oil Production

Saudi Arabia’s strategic pivot is about letting go of the illusion of market control and moving production back up toward capacity, which will provide more revenue in the long-term. At a brief online meeting on May 3, OPEC+ decided to again surprise the …

Oil after US-China trade deal: Where are prices headed?

Why prices rose initially Markets reacted swiftly and positively to the news of progress between Washington and Beijing. Brent crude futures jumped to over $65 per barrel, while WTI followed suit, topping $62. Investor optimism was driven by hopes that a …

Opec+ move to add more oil to the market will not only affect Kazakhstan and Ira

Opec+ Takes Aggressive Steps To Regain Market Share

(MENAFN- The Arabian Post) Opec+ has made significant moves in recent months, shifting from a neutral to a more aggressive stance. After a period of gradual production increases, the group, led by Saudi Arabia, has opted for a sharp rise in output, …

A note on the news: “Break-even” oil prices

(Oil & Gas 360) – Over the past few weeks, several headlines regarding the international oil business have surprised market watchers: A note on the news: “Break-even” oil prices- oil and gas 360 The news that the OPEC+ group decided to increase its …

Asia hopes for cheaper oil as Opec boosts output – but trade doubts linger

A surprise decision by Opec+ to accelerate production increases is fuelling hopes of cheaper oil across import-reliant Asia – but analysts warn the move could backfire, with deepening US-China trade tensions and persistent geopolitical uncertainty …

OPEC+ Tests the Shale Sector

When eight OPEC+ producers decided May 3 to accelerate production increases, they cited “healthy oil market fundamentals,” but the market is ailing. There are more plausible motivations for increasing output in the face of a global economic downturn: to …

Frontline report: Saudi sheikhs and Ukrainian drones brutally punish Russia as oil money drains

Today, there is interesting news from the Russian Federation. The crashing global oil prices have deepened Russia’s financial burden, making it too dependent on the interests of other countries to maintain its national budget. Saudi Arabia’s refusal to …

Tight Now, Loose Later: Oil Futures Flash Warning

Last week, OPEC+ announced it will once again accelerate the pace of unwinding of production cuts, with output targets for June increasing by 411,000  barrels per day, equivalent to three monthly increments. This follows a similar move in April, with the …

HALLIGAN: Power struggle in OPEC+ is pulling oil prices down

The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — sending Brent tumbling from over $74 a barrel at the start of the month to just under $60 by early …

Teekay Tankers Ltd. (NYSE:TNK) Q1 2025 Earnings Call Transcript

Teekay Tankers Ltd. (NYSE:TNK) Q1 2025 Earnings Call Transcript May 8, 2025 Operator: Welcome to the Teekay Group First Quarter 2025 Earnings Results Conference Call. During the call, all participants will be in a listen-only mode. Afterwards, you will be …

What a Carney government and global shifts mean for Canadian energy stocks

While Carney’s post-election cabinet has not yet been announced, Nuttall believes he will likely keep Johnathan Wilkinson in place as natural resources minister. Nutall describes Wilkinson as occasionally “patronizing” towards the sector, noting past …

Burkhan World Announces $15 Billion in Strategic MoUs with Saudi Arabia Across Mining, AI and Defense Technologies

Signed at USA-Saudi Strategic Investment Forum During President Donald J. Trump's Delegation Visit to Riyadh MIAMI, FL, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Burkhan World Investments (BWI), a United States-based global …

BLACK MOUNTAIN OIL AND GAS EXPANDS FOOTPRINT IN EAGLE FORD SHALE

Black Mountain Oil & Gas, in partnership with Trace Capital Management, announced it has acquired assets in South Texas through its joint venture, TBM Catarina. FORT WORTH, TX, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Black Mountain …

Trusted Union Contractors Offer Skilled Workforce for Responsible Data Center Construction

Carpenter Contractor Trust Highlights Benefits of Union Labor in Building Critical Digital Infrastructure PHILADELPHIA, PA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- As demand for data centers continues to surge across the United States, …

Austin Alliance Group Leaders Named Among Top Coaches in Austin

Lisa Blanton and David Hughen recognized by Influence Digest Media for leadership and coaching excellence AUSTIN, TX, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Two familiar faces from Austin Alliance Group have just landed on Influence …

Global LED Conformal Coating Market Outlook: Drivers, Trends, Opportunities & Forecast 2025–2034

The Business Research Company's Global LED Conformal Coating Market Outlook: Drivers, Trends, Opportunities & Forecast 2025–2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 13, 2025 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

The High Efficiency Energy Car Air Purifier Market 2025: Rising Air Pollution Driving The Growth Of The Market

The Business Research Company's High Efficiency Energy Car Air Purifier Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 14, 2025 /⁨EINPresswire.com⁩/ -- The Business …

World Happiness Foundation Response to 'A Call for Peace: The End of Wars and Respect for International Law'

By Luis Miguel Gallardo – Founder & President of the World Happiness Foundation NEW YORK, NY, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Introduction and Context The World Happiness Foundation warmly commends the High …

Preferred Utilities acquires Hays Cleveland Controls and Instrumentation product line from Cleveland Controls

Acquisition strengthens Preferred Utilities' product portfolio and offers continuation of service to Hays Cleveland customers. DANBURY, CT, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Preferred Utilities Manufacturing Corporation, a leader in …

Smart Grid Analytics Market Set to Surge from USD 6.2 Billion in 2024 to USD 17.9 Billion by 2033

Global demand for efficient energy systems, integration of renewable energy sources & deployment of smart grids are significant factors driving market growth VANCOUVER, BC, CANADA, May 13, 2025 /⁨EINPresswire.com⁩/ --  The global smart grid analytics …

Hydrogen Gas Market Sees Significant Growth Driven by Chemical Industry Demand and Sustainable Solutions

The growing emphasis on cleaner production methods and the shift toward sustainable chemical manufacturing are further fueling demand VANCOUVER, BC, CANADA, May 13, 2025 /⁨EINPresswire.com⁩/ --  The global hydrogen gas market is experiencing …

EvoChip.ai launches revolutionary AltiCoreAI, redefining AI efficiency and performance

DANA POINT, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- EvoChip.ai, the company reinventing Machine Learning from the ground up, today announced AltiCoreAI, the next-generation model training and inference IP block that delivers orders- …

Brightmerge Delivers Advanced Energy & Financial Intelligence to Accelerate Jacksons Food Stores' EV Charging Deployment

Brightmerge's techno-financial scenario analysis solution plays a key role in optimizing fleet and public EV charging infrastructure planning and operation. TULSA, OK, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Brightmerge, a leading …

EticaAG Appoints John Dohm as Chief Operating Officer to Drive Scalable Growth and Operational Excellence

EticaAG names tech veteran John Dohm as COO to lead operational scale-up and support growing demand for its fire-safe energy storage systems. PITTSBURGH, PA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- EticaAG, a leader in non-flammable …

proMX to host webinars on Productivity Suite for new and experienced users

NUREMBERG, GERMANY, May 13, 2025 /⁨EINPresswire.com⁩/ -- proMX will host two upcoming webinars focused on the proMX 365 Productivity Suite, a set of apps built to make project work more productive, as well as complement and enhance the features of …

Project Haystack Unveils Haystack 5 with Xeto Schema Language and RDF Integration at Haystack Connect 2025

RICHMOND, VA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- The Project Haystack Organization (www.project-haystack.org), a 501(c) non-profit focused on advancing data modeling and interoperability for IoT devices, smart equipment, and …

Colorado State University (CSU) and Pivot Energy partner to develop solar project to support CSU’s decarbonization goals

Will help CSU achieve 100% renewable electricity by 2030 DENVER, CO, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Colorado State University (CSU) and Pivot Energy, a leading national renewable energy independent power producer (IPP), today …

Hydrogen Energy Storage Market 2025 Is Booming Worldwide by 2032 | Lhyfe, HySiLabs, Engie, BP, Shell, ExxonMobil

The global hydrogen energy storage market is estimated to be valued at USD 17.50 Bn in 2025 and is expected to reach USD 24.32 Bn by 2032 BURLINGAME, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Coherent Market Insights has published a …

Offshore Wind Market 2025 Is Booming Worldwide by 2032 | Siemens AG, General Electric, ABB, Ltd., EEW Group

Offshore Wind Market is estimated to be valued at USD 63.43 Bn in 2025 and is expected to reach USD 175.83 Bn in 2032 BURLINGAME, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Coherent Market Insights has published a comprehensive …

PJM’s Reliability Resource Initiative Results to Be Discussed at Appalachian AI Energy Conference

Conference Will Discuss Impact on AI Data Centers PITTSBURGH, PA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- PJM Interconnection’s Reliability Resource Initiative (RRI) marks a pivotal response to surging electricity demand across the Mid …

The EnCorps Summer Learning Summit Highlights Important Topics in STEM and Education

A Day of Exploration and Innovation: EnCorps STEM Learning Summit Offers Educators and STEM Professionals Hands-On Learning Experiences. LOS ANGELES, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- “The EnCorps Learning Summit stands as …