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Published on 04:44 GMT

OPEC cuts forecasts of rivals’ supply growth through 2026

OPEC has revised down its forecasts for non-OPEC+ crude supply growth by 100,000 b/d in 2025 and 2026, it said in its monthly oil market report released May 14. It now estimates non-OPEC+ supply growth at 800,000 b/d in 2025 and 2026, with the bulk …

Source: Hellenic Shipping News - Neutral
Published on May 15, 2025

Global crude oil market backwardation responsible for dropping oil prices and Cedi appreciation – Prince Ellis Antsroe

The claims that the current dropping of the oil prices at the pump and the declining of the dollar against the Ghana Cedi is predominantly as a result of some extraordinary economic measures put in place by the President John Mahama-led administration are …

Source: Joy FM - Indeterminate
Published on May 15, 2025

Indonesia approves Kuwaiti explorer to develop Anambas block in Natuna Sea

JAKARTA - The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday. KUFPEC will invest about $1.54 billion to …

Source: Zawya - Indeterminate
Published on May 15, 2025

Elevated Crude Inventories Weaken Oil Prices

By Adedapo Adesanya Oil prices eased on Wednesday after government data showed crude stockpiles in the United States rose unexpectedly last week, prompting investor concerns of excess supplies. Brent crude futures lost 54 cents or 0.81 per cent to sell for …

Source: BusinessPost Nigeria - Indeterminate
Published on May 14, 2025

OPEC+ Production Fell in April Despite Pledge to Start Hiking Output

All the countries in the OPEC+ pact saw their combined crude oil production drop by 106,000 barrels per day (bpd) in April compared to March, despite the pledge of the eight OPEC+ producers who are withholding supply to begin easing their cuts. OPEC+ …

Source: Oil Price - Neutral
Published on May 14, 2025

Eight OPEC+ countries oil output by 475,000 bpd above target in April — OPEC

MOSCOW, May 14. /TASS/. Oil production by the eight OPEC+ countries, which voluntarily reduce oil production, totaled 30.807 million barrels per day (bpd) in April, which is 475,000 bpd above the target, according to the data in OPEC's May …

Source: TASS - Gov't Propaganda
Published on May 13, 2025

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 …

Source: Georgetown Journal of International Affairs - Washington D.C. - Pending
Published on May 13, 2025

Kuwait oil experts: US-China tariff suspension boosts optimism, global economic growth

KUWAIT: Kuwaiti oil experts have welcomed the 90-days suspension of tariffs between the US and China, saying that the move has bolstered confidence in the global economy and could lead to increased demand for oil. Experts told KUNA that oil prices had …

Source: Zawya - Indeterminate
Published on May 12, 2025

What The Endgame in Gaza Means For Middle East Security And Oil Prices

The next phase of Israeli Prime Minister Benjamin Netanyahu’s plan for Gaza could well be the beginning of the endgame of the ongoing Israel-Hamas War that poses the most danger for the global oil market. According to his statement on 5 May, he said that …

Source: Oil Price - Neutral
Published on May 13, 2025

Saudi Arabia and United States sign deals worth over $300 bn

Saudi Crown Prince Mohammed bin Salman has announced that the kingdom has signed agreements with the U.S. worth more than $300 billion during US President Donald Trump’s current visit. The two leaders also inked a series of bilateral agreements covering …

Source: 5Pillars - Right-wing
Published on May 15, 2025

Equity Investors Gain N186bn Amid Momentum Investing

By Adedapo Adesanya Oil prices eased on Wednesday after government data showed crude stockpiles in the United States rose unexpectedly last week, prompting investor concerns of excess supplies. Brent crude futures lost 54 cents or 0.81 per cent to sell for …

Source: BusinessPost Nigeria - Indeterminate
Published on May 13, 2025

Four energy deals Trump will look to make on his Middle East Trip

President Donald Trump is traveling to the Gulf states this week in a visit aimed at negotiating business deals rather than wading into geopolitical issues. Here are four ways this strategy may play out. STAY CONNECTED Sign up for PowerPlay, the Atlantic …

Source: Atlantic Council - Indeterminate
Published on May 13, 2025

Mideast Stocks: Most Gulf Markets settle higher as investors weigh U.S.-China trade truce

Most stock markets in the Gulf settled higher on Tuesday, although gains were limited as investors paused to weigh whether a temporary pause in the U.S.- China trade war would lead to a long-lasting agreement. Brent crude futures rose about 1%, to $65.61 a …

Source: Zawya - Indeterminate
Published on May 13, 2025

Trump begins Saudi Arabia visit amid key geopolitical and economic talks

Daijiworld Media Network - Riyadh Riyadh, May 13: US President Donald Trump launched his four-day Middle East tour on Tuesday by meeting with Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman. The visit marks a significant diplomatic …

Source: Daijiworld News - Indeterminate
Published on May 13, 2025

President Trump Visits Saudi Arabia

President Trump is visiting Saudi Arabia today, the key OPEC+ player, which has ramped up production to discipline non-compliant members by pressuring oil prices, Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB), stated in a …

Source: Rigzone - Neutral
Published on May 13, 2025

Saudi crown prince meets Trump at start of Mideast tour

President Donald Trump has opened his four-day Middle East trip by paying a visit to Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, for talks on US efforts to dismantle Iran's nuclear program, end the war in Gaza, hold down oil …

Source: The West Australian - Center-right
Published on May 13, 2025

Saudi crown prince welcomes Trump to kingdom as US leader begins four-day Middle East tour

RIYADH, Saudi Arabia (AP) — Crown Prince Mohammed bin Salman welcomed President Donald Trump to Saudi Arabia on Tuesday as the U.S. leader began a four-day Middle East tour. Trump, as he did in his first term, is paying an early visit to the kingdom after …

Source: WHEC 10 - New York - Neutral
Published on May 13, 2025

Trump lays out vision for Mideast during first major foreign trip of term. See highlights from Tuesday.

Federal judge OKs use of Alien Enemies Act to deport Venezuelans who are labeled gang members — 9:01 p.m. By the Associated Press A federal judge says President Trump can use the Alien Enemies Act to deport Venezuelan citizens who are shown to be members …

Source: The Boston Globe - Massachusetts - Neutral
Published on May 13, 2025

Trump will open his Mideast trip by visiting the Saudi crown prince

RIYADH, Saudi Arabia (AP) — President Donald Trump is opening his four-day Mideast trip on Tuesday by paying a visit to Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, for talks on U.S. efforts to dismantle Iran's nuclear program, …

Source: Yahoo News - Center-left

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Published on May 15, 2025 - 16:00 GMT

Everyone’s Watching the Fed—But a $150 Trillion U.S. Asset Could Be the Real Key to Lower Gas Prices, Says Ex CIA ...

WASHINGTON, May 15, 2025 (GLOBE NEWSWIRE) -- As media headlines obsess over interest rate cuts, Wall Street volatility, and OPEC negotiations, one critical story has flown under the radar. According to former CIA advisor Jim Rickards, the biggest driver of …

Distribution channels: Consumer Goods, Media, Advertising & PR ...
Published on May 13, 2025 - 11:20 GMT

US oil sector expresses disappointment with Trump

(MENAFN) The US oil industry is increasingly dissatisfied with President Donald Trump’s policies, with falling crude prices and tariffs putting pressure on producers, particularly smaller ones, according to Bloomberg. During his campaign, Trump’s “drill, …

Distribution channels: ...

Published on May 15, 2025 - 05:30 GMT

Vallourec First Quarter 2025 Results

Meudon (France), May 15th, 2025 Vallourec, a world leader in premium tubular solutions, announces today its results for the first quarter 2025. The Board of Directors of Vallourec SA, meeting on May 14th 2025, approved the Group's first quarter 2025 …

Distribution channels: Business & Economy, Technology ...
Published on May 6, 2025 - 16:38 GMT

OPEC+ and BP Reshape the Global Energy Narrative - Ian Timis Offers a Steady Hand in Natural Resources Management

As BP and OPEC+ reset priorities, Ian Timis brings strategic clarity and operational strength to today’s evolving natural resources sector. LONDON, LONDON, UNITED KINGDOM, May 6, 2025 /⁨EINPresswire.com⁩/ -- In early May 2025, OPEC+ announced an …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on May 4, 2025 - 12:01 GMT

India insulates itself from oil shocks

(MENAFN) India is making strategic moves to protect itself from global oil market volatility, with crude imports from the US reaching a 27-month high in April 2025. This shift toward dependable suppliers comes amid sanctions on Venezuela and Iran. …

Distribution channels: ...
Published on April 30, 2025 - 13:40 GMT

Oil Prices Dip Due to Trade Tensions, Supply Concerns

(MENAFN) Oil prices continued their downward trajectory on Wednesday, pressured by fears of weak demand due to the ongoing trade war between the U.S. and China, and growing worries about an oversupply in the market. Brent crude, the international benchmark …

Distribution channels: ...
Published on April 30, 2025 - 13:37 GMT

Oil Prices Drop Amid Trade Tensions

(MENAFN) Crude oil values declined once again on Wednesday, pressured by growing anxieties over weakened consumption, largely driven by escalating trade tensions between the United States and China—the globe’s two largest petroleum importers. Additionally, …

Distribution channels: ...
Published on May 8, 2025 - 21:00 GMT

Total Energy Services Inc. Announces Q1 2025 Results

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended March 31, 2025. Financial Highlights ($000’s except per share …

Distribution channels: Business & Economy, Consumer Goods ...

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Published on May 16, 2025 - 05:16 GMT

Global Rig And Oil Field Market Growth: Projected To Reach $96.08 Billion By 2029 With An Impressive 6.9% CAGR

The Business Research Company’s Rig And Oil Field Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 16, 2025 /⁨EINPresswire.com⁩/ -- The Business Research Company’s Latest …

Distribution channels: Business & Economy, Energy Industry ...
Published on May 15, 2025 - 17:27 GMT

82-Acre Off-Market Texas Tract Available for AI, Crypto and Energy Development

Texas Land Opportunity for Global Investors: 82 acres unzoned Texas land near Dallas for $1.2M. Ideal for global AI, crypto, & BESS investors. DALLAS, TX, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- Texas leads the global surge in AI, …

Distribution channels: Agriculture, Farming & Forestry Industry, Amusement, Gaming & Casino ...
Published on May 15, 2025 - 17:15 GMT

Cognisense Launches to Lead the Charge in AI Risk Intelligence, Enforcement Insights, and Vendor Analysis

Cognisense launches to transform compliance with expert-led insights, AI risk intelligence, and training integrity for high-stakes industries. CALGARY, ALBERTA, CANADA, May 15, 2025 /⁨EINPresswire.com⁩/ -- Cognisense, a North America-based remote …

Distribution channels: Education, Energy Industry ...
Published on May 15, 2025 - 17:00 GMT

Budget-Friendly Amazon.com Find Helps Bring Awareness and Energy Savings to American Homeowners

BOCA RATON, FL, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- More American homeowners have begun capping the tiny gaps around their home’s high hat lights in order to keep their homes cooler in summer and warmer in winter, a budget-friendly, …

Distribution channels: Building & Construction Industry, Companies ...
Published on May 15, 2025 - 17:00 GMT

Mazama Energy & MicroThermal Energy Embarks to Drill Deeper with Enhanced Geothermal System (EGS)

Superhot Rock (SHR) Geothermal Demonstration Project HOUSTON, TX, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- MicroSeismic® Inc. (MSI) is proud to announce our first EGS contract in the field with Mazama Energy, Inc. (Mazama) to utilize …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 15, 2025 - 16:00 GMT

Humphreys University Adds MBA – Project Management Concentration, Designed for International Students

STOCKTON, CA, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- Humphreys University is proud to announce the addition of a new Project Management concentration to its Master of Business Administration (MBA) program, with enrollment beginning …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 15, 2025 - 15:11 GMT

CREDAI Andhra Pradesh Steps Forward For Amravati’s Growth - Hydromo Supports

CREDAI AP 2025, Crowning The Torchbearers, May 13, Tuesday VIJAYAWADA, ANDRAPRADESH, INDIA, May 15, 2025 /⁨EINPresswire.com⁩/ -- The Confederation of Real Estate Developers' Associations of India (CREDAI Andhra Pradesh) welcomed its new leadership …

Distribution channels: Building & Construction Industry, Energy Industry ...
Published on May 15, 2025 - 14:15 GMT

RINA exceeds €900 million in revenues in 2024 and updates its global strategy

GENOA, ITALY, May 15, 2025 /⁨EINPresswire.com⁩/ -- • RINA reported revenues of €915 million and EBITDA of €138 million in 2024, up 15% and 22% respectively on the previous year. • The positive growth trend continued into the first quarter of 2025 …

Distribution channels: Companies, Energy Industry ...
Published on May 15, 2025 - 14:05 GMT

Fieldman and Utilities One Group Announce Partnership to Advance AMI Projects

Fieldman and Utilities One Group team up to accelerate AMI adoption and streamline smart meter installations across the U.S. SAWYER, MI, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- Fieldman and Utilities One Group are proud to announce a …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 15, 2025 - 13:12 GMT

Vision Air Conditioning Expands Service with Industrial Desiccant Dehumidifier Solutions Across Canada and the USA

Vision Air Conditioning has expanded its services across Canada and the USA. They offer installation and maintenance for industrial desiccant dehumidifiers. EDMONTON, ALBERTA, CANADA, May 15, 2025 /⁨EINPresswire.com⁩/ -- Vision Air Conditioning …

Distribution channels: Business & Economy, Chemical Industry ...
Published on May 15, 2025 - 13:09 GMT

Global Rotary Lobe Compressor Market To Reach $2.21 Billion By 2029 With A Growth Rate Of 4.6%

The Business Research Company's Global Rotary Lobe Compressor Market To Reach $2.21 Billion By 2029 With A Growth Rate Of 4.6% LONDON, GREATER LONDON, UNITED KINGDOM, May 15, 2025 /⁨EINPresswire.com⁩/ -- The Business Research Company’s Latest …

Distribution channels: Business & Economy, Electronics Industry ...
Published on May 15, 2025 - 13:00 GMT

Telaeris XPressEntry Now Certified and Integrated with the LenelS2 OnGuard v8.3 Access Control System

Enhancing Physical Security with Seamless Handheld Badge, Biometric, and Mobile Credential Validation and Emergency Mustering SAN DIEGO, CA, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- Telaeris, Inc., a global leader in handheld security …

Distribution channels: Chemical Industry, Energy Industry ...
Published on May 15, 2025 - 13:00 GMT

More Than Half of Energy Leaders Say Their Weather Forecasts Are Not Accurate Enough

Meteomatics’ New Report Reveals Energy Leaders’ Concerns as They Navigate Weather’s Increasing Impact on Operations MINNEAPOLIS, MN, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- Meteomatics, the weather intelligence and technology company …

Distribution channels: Energy Industry, Environment ...
Published on May 15, 2025 - 11:00 GMT

Bharti Airtel Partners with TierOne to Automate Application Assurance and Boost NOC Efficiency

MISSISSAUGA, ONTARIO, CANADA, May 15, 2025 /⁨EINPresswire.com⁩/ -- Bharti Airtel has partnered with TierOne to launch an unmatched application assurance initiative aimed at increasing reliability and reducing the operational overhead across its …

Distribution channels: Business & Economy, Electronics Industry ...
Published on May 15, 2025 - 11:00 GMT

Juniper® Systems Adds RTK Precision to Archer™ 4 GNSS Expansion Pod

An all-in-one RTK mapping solution. The Archer 4 with GNSS Expansion Pod and RTK connection is now an all-in-one centimeter mapping solution. LOGAN, UT, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- Juniper® Systems Inc. is pleased to …

Distribution channels: Agriculture, Farming & Forestry Industry, Building & Construction Industry ...
Published on May 15, 2025 - 11:00 GMT

Geoactive Achieves ISO 27001 Certification with Support from TechForce Cyber and ISMS.online

Geoactive earns ISO 27001 with TechForce Cyber and ISMS.online, boosting security, cutting workload, and building global trust in geoscience software. ABERDEEN, ABERDEENSHIRE, UNITED KINGDOM, May 15, 2025 /⁨EINPresswire.com⁩/ -- Certification …

Distribution channels: Business & Economy, Companies ...
Published on May 15, 2025 - 10:30 GMT

ByteBridge Launches Industry's First Foundational Liquid Cooling Certification (FLCC) Program

ByteBridge launches the first FLCC program to equip professionals with essential knowledge in AI data center liquid cooling technologies. HAYWARD, CA, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- Global AI data center innovator ByteBridge …

Distribution channels: Business & Economy, Companies ...
Published on May 15, 2025 - 10:00 GMT

PG&E Automates BVLOS Compliance with AirData

EL DORADO HILLS, CA, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- Pacific Gas and Electric (PG&E) has long been an innovator of drone use, using remote flight capabilities to better serve a 70,000-square-mile area in California. As their …

Distribution channels: Aviation & Aerospace Industry, Emergency Services ...
Published on May 15, 2025 - 10:00 GMT

VizConnect, Inc. ($VIZC: OTC) Reaffirms Commitment to Core Fundamentals Amid Market Uncertainty

VizConnect, Inc. (OTCMKTS:VIZC) PORTLAND, ME, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- VizConnect, Inc. (OTC: VIZC), a publicly traded holding company specializing in strategic business development, today issued a statement of …

Distribution channels: Building & Construction Industry, Electronics Industry ...
Published on May 15, 2025 - 09:45 GMT

Louisiana Mesothelioma Victims Center Urges the Family of a Former Chemical Plant-Refinery Worker with Mesothelioma or ...

NEW ORLEANS, LA, UNITED STATES, May 15, 2025 /⁨EINPresswire.com⁩/ -- The Louisiana Mesothelioma Victims Center is urging the family of a former chemical plant or refinery worker who has just learned they have mesothelioma or lung cancer to please …

Distribution channels: Automotive Industry, Building & Construction Industry ...