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A service for global professionals · Thursday, August 18, 2022 · 586,677,558 Articles · 3+ Million Readers
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Kuwait OPEC Newswire

  • Published on Aug 17, 2022

    OPEC not to blame for soaring inflation, new chief says, citing underinvestment in oil and gas

    New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to blame for soaring inflation, pointing the finger instead at chronic underinvestment in the oil and gas industry. "OPEC is not behind this price …

    Source: CNBC - Neutral
  • Published on Aug 17, 2022

    OPEC Chief Sees High Risk of Oil Squeeze

    Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said. Fears over slowing consumption in China and the wider world -- which have pushed crude prices …

    Source: Rigzone - Neutral
  • Published on Aug 16, 2022

    OPEC daily basket price stood at $100.04 a barrel Monday

    THE price of OPEC basket of 13 crudes stood at $100.04 a barrel on Monday, August 15, 2022, compared with $103.83 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following: …

    Source: Realnews Magazine - Uncategorized
  • Published on Aug 15, 2022

    Crude oil trades in tight range below $100 per barrel

    Muscat: Demand side concerns continued to haunt the oil market with prices once again going below 100 per barrel at the start of August-2022, according to a new report. Crude oil prices reached pre-war levels after fears of recession resurfaced as demand …

    Source: Times of Oman - Pro-Government
  • Published on Aug 14, 2022

    Again, Angola Overtakes Nigeria in Oil Production

    Emmanuel Addeh in Abuja Angola has again produced more crude oil than Nigeria for the third consecutive month, as Africa’s biggest economy lost 74,000 barrels per day in July compared with the previous month of June. In May and June, Angola produced more …

    Source: This Day - Uncategorized
  • Published on Aug 13, 2022

    Global oil demand rises as gas price soar to new records

    Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are prompting countries to switch fuels for power generation, the International Energy Agency said Thursday. Oil prices have dropped by $30 (about R485) …

    Source: The South African - Neutral
  • Published on Aug 12, 2022

    OPEC revises down oil demand forecast for 2022

    ANKARA – The Organization of the Petroleum Exporting Countries (OPEC) on Thursday slightly revised its global oil demand estimates for 2022 to average 100.03 million barrels per day (bpd), according to OPEC's latest monthly oil market report. Although …

    Source: Philippine News Agency - Gov't Propaganda
  • Published on Aug 12, 2022

    Angola produces more oil than Nigeria for third straight month

    For the third straight month, Angola produced more crude oil than Nigeria in July, as Africa’s biggest economy lost 74,000 barrels per day, according to a new report by the Organization of the Petroleum Exporting Countries (OPEC). BusinessDay reported last …

    Source: Business Day - Neutral
  • Published on Aug 12, 2022

    OPEC+ Crude Output Makes Biggest Gain in 5 Months

    OPEC and its nine allies posted their highest monthly crude oil production rise in five months ending July, led by gains in Saudi Arabia and Kazakhstan, the latest Platts survey by S&P Global Commodity Insights showed. The OPEC+ alliance hiked output …

    Source: Financial Tribune - Uncategorized
  • Published on Aug 12, 2022

    OPEC says Nigeria’s oil production averaged 1.183mbpd in July 2022

    The Organisation of the Petroleum Exporting Countries (OPEC) says that Nigeria recorded an average of 1.183 million barrels per day (bpd) in its crude oil production for the month of July 2022, according to secondary sources. This represents an increase of …

    Source: Nairametrics - Neutral
  • Published on Aug 12, 2022

    OPEC’s Oil Production Rises But Still Well Below OPEC+ Target

    OPEC’s total crude oil production rose by 216,000 barrels per day (bpd) in July compared to June, but combined production from the 10 OPEC members part of the OPEC+ pact continued to lag the targets in the agreement, OPEC’s monthly report showed on …

    Source: Oil Price - Neutral
  • Published on Aug 11, 2022

    ICE Brent briefly Tops $100 on Global Oil Demand Optimism

    On the supply side, OPEC estimates the 13-member cartel increased crude production by 162,000 bpd last month to 28.84 million bpd, with Saudi Arabia leading production gains with 136,000 bpd. Kingdom's direct communication indicated a July production …

    Source: Progressive Farmer - Neutral
  • Published on Aug 11, 2022

    Why Oman Crude Could Meet Asia's Growing Demand For Oil

    AT A GLANCE China is increasing its reliance on oil from the Middle East, with imports from the region growing in the first quarter In recent years, the national oil companies of Saudi Arabia, Bahrain and Kuwait added DME Oman to their pricing formulas due …

    Source: Benzinga - Neutral
  • Published on Aug 11, 2022

    Nigeria’s crude oil production averaged 1.183m b/d in July – OPEC

    1 The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in July 2022. OPEC made this known in its Oil Market Report for August 2022 which was obtained …

    Source: Nigeria News Today - Pro-Government
  • Published on Aug 15, 2022

    IEA report threatens Nigeria’s 1.830m bpd quota increase

    The possibility of Nigeria and other countries to actualise their production output quota, which was increased for September 2022 by the Organisation of Petroleum Exporting Countries (OPEC) is currently under threat as the International Energy Agency (IEA) …

    Source: New Telegraph - Neutral
  • Published on Aug 15, 2022

    Nigeria’s crude output slips marginally, rig count stable

    Nigeria’s crude oil production fell by 6,000 barrels per day (bpd) to 1.17 million barrels per day (mbd) in July 2022, down from 1.18 million bdp in June 2022, the Organization of Petroleum Exporting Countries (OPEC) said. Crude production fell to 752,000 …

    Source: Zawya - Uncategorized
  • Published on Aug 14, 2022

    Markets stay volatile even as deficit concerns support current prices

    Short Url Crude oil prices fell driven by weaker-than-expected Chinese manufacturing data, a rebound in Libyan production to 1.2 million barrels per day and further bearish macroeconomic news. However, prices recovered considering International Energy …

    Source: Arab News - Gov't Propaganda
  • Published on Aug 13, 2022

    Stateless in their own country

    Fighting for your rights in Kuwait is dangerous. Yet the Bedoon continue to demand justice despite the state’s repression.  The Beedon are an ethnic minority native to the region who regularly crossed borders between neighbouring countries, but were never …

    Source: FairPlanet - Left-wing
  • Published on Aug 12, 2022

    Clean Energy Stocks Are Shining

    By Editorial Dept - Aug 12, 2022, 12:00 PM CDT In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit …

    Source: Oil Price - Neutral

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