OPEC News Monitoring

Oil prices soften as markets assess US-China trade talks outcome

Oil prices softened in Asian trade on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market. Brent crude …

BofA: The Saudis Are Readying for a Long Oil Price War

Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is …

Gas Prices Ease as Summer Driving Season Begins

BEND, Ore. (KTVZ) – Gas prices are ticking down in most states, including Oregon. Refineries are cranking out plenty of product for the summer driving season. However, the price of crude oil has climbed above $65 per barrel, which could cause pump prices …

‘No peak in oil demand on the horizon’: Energy industry on growing oil and gas production

While there’s optimism about increasing oil and gas projects in Canada as the U.S. continues its trade war, those at Calgary’s Global Energy Show say the focus shouldn’t be on transitioning away from oil and gas, but rather using it to meet demand. “There …

Oil prices down, markets assess US-China trade talks outcome

By Katya Golubkova TOKYO (Reuters) -Oil prices fell in early trade on Wednesday as markets were assessing the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases …

Oil up on hopes of positive US-China trade talks

NEW YORK: Oil prices edged up 1% to a seven-week high on Tuesday on hopes trade talks between the US and China - the world’s two biggest economies - will result in a deal that could support global economic growth and boost oil demand. Brent crude futures …

Oil demand growth to continue, no peak in sight, Opec Secretary General says

[CALGARY] Oil demand growth will remain robust over the next two and a half decades as the world population grows, Opec Secretary General Haitham Al Ghais said on Tuesday. The organization expects a 24 per cent increase in the world’s energy needs between …

Oil prices hold near 7-week high as market waits for news from US-China trade talks

[NEW YORK] Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks between the US and China. Analysts have said a trade deal between the countries with the world’s two biggest economies could boost prices by …

Varcoe: 'No peak in oil demand on the horizon' OPEC head tells Global Energy Show — as lower crude prices expected next ...

“More importantly, it actually affects consumers and, of course, the wider global economy. And, as can be clearly seen at this event, a belief (in) the critical need for adequate and timely investments in energy and in the oil industry is yet another view …

Oil Edges Lower as Traders Await Result of USA-China Trade Talks

Oil edged lower as the market awaits the outcome of a second day of trade talks between the US and China. West Texas Intermediate slipped near $65 a barrel after earlier rising as much as 1.5%. US Commerce Secretary Howard Lutnick said the negotiations had …

OPEC secretary-general takes aim at net-zero targets calling them ‘detached from reality’

There’s no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet that need, the secretary-general of the Organization of Petroleum Exporting Countries said Tuesday in an address to the Global Energy …

BofA's Blanch Sees 'Long and Shallow' Oil Price War

Francisco Blanch, head of commodities and derivatives research at BofA Securities, examines OPEC's strategy on pricing and supplies as he says $90 oil and six million barrels per day of exports was "not working."

Fallen Oil Prices Threaten Nigeria-Saudi Aramco’s $5bn Loan Deal

June 10, (THEWILL) – The recent drop in crude oil prices has affected a proposed loan deal between Nigeria and the Saudi Arabian oil company, Aramco. According to Reuters, the $5bn facility, said to be Nigeria’s largest oil-backed loan, is being threatened …

Oil rises on optimism about US-China talks easing trade tensions

LONDON - Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China trade talks and as Saudi Arabia's crude supply to China is set to dip slightly. Brent crude futures rose 34 cents, or 0.5%, to $67.38 a barrel by 1045 GMT. U.S. West …

Nigeria’s $5bn oil-backed loan from Aramco faces setback amid slumps in oil price

Nigeria and Saudi Arabian oil company Aramco have been unable to reach an agreement on a $5 billion oil-backed loan, according to Reuters. Sources told Reuters that the delay was due to a persistent decline in crude prices, which had sparked concerns among …

OPEC boss slams net-zero targets, promotes big future for oil in Calgary speech

The secretary-general of the Organization of Petroleum Exporting Countries says the world's thirst for oil will continue for decades to come and investment in the sector is necessary to meet those needs. Haitham al-Ghais made his remarks in a speech to …

OPEC chief backs Alberta oil sector, blasts ‘unrealistic’ net-zero targets

An Oil Slump Could Take Prices Into $40 Range

Oil prices could fall below $50 this year as a flood of new supply from OPEC and its allies comes onto the market in the coming months, according to a new projection by S&P Global Commodity Insights released on Monday. The projection comes after oil …

OPEC secretary-general takes aim at net-zero targets ‘detached from reality’

CALGARY – There’s no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet that need, the secretary-general of the Organization of Petroleum Exporting Countries said Tuesday. Primary energy demand …

Premium 73‑Acre Off‑Grid Luxury Barndominium Estate Listed Near Richards, Texas

Custom 12,000  sq ft barndominium with guest home, 96‑panel solar array, workshop and pond just 45 minutes from College Station and North Houston. HOUSTON, TX, UNITED STATES, June 13, 2025 /⁨EINPresswire.com⁩/ -- James Bigley Ranches today …

International African Energy, Oil & Gas Summit (IAEOGS) 2025 Set for August in Namibia Amid Record Investment Growth

JOIN US AT IAEOGS 2025 WINDHOEK, NAMIBIA | AUGUST 4–10 2025 The International African Energy, Oil & Gas Summit (IAEOGS) returns for its 4th edition in Namibia LONDON, BEDFORD MK 402LJ, UNITED KINGDOM, June 13, 2025 /⁨EINPresswire.com⁩/ -- …

Patrick Lange Closes Sale of HVAC Company in Florida Panhandle

MADISON, FL, UNITED STATES, June 13, 2025 /⁨EINPresswire.com⁩/ -- Patrick Lange, founder of Business Modification Group and one of the HVAC industry’s most trusted business brokers, is pleased to announce the successful sale of a well-established …

Neighborhood Sun Releases First-Ever Community Solar App Available on Both Google and Apple Marketplaces

Neighborhood Sun's new app allows community solar subscribers to track savings, quantify their environmental impact, and manage their account from their pocket. NORTH BETHESDA, MD, UNITED STATES, June 13, 2025 /⁨EINPresswire.com⁩/ -- …

TechDemocracy Joins Forces with SailPoint to Deliver Managed Services for Identity Security

TechDemocracy proudly announces the extension of its current partnership with SailPoint, a pioneer and market leader in identity security. PISCATAWAY, NY, UNITED STATES, June 13, 2025 /⁨EINPresswire.com⁩/ -- TechDemocracy, a trusted cybersecurity …

Global Next Generation Batteries Market To Reach $6.33 Billion By 2029 With A Growth Rate Of 6.0%

The Business Research Company’s Next Generation Batteries Global Market Report 2025 – Market Size, Trends, And Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, June 13, 2025 /⁨EINPresswire.com⁩/ -- The next generation batteries market …

Global Offshore Wind Turbine Installation Vessel Market To Reach $3.60 Billion By 2029 With A Growth Rate Of 12.0%

The Business Research Company’s Aimovig Offshore Wind Turbine Installation Vessel Market Report 2025 – Market Size, Trends, And Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, June 13, 2025 /⁨EINPresswire.com⁩/ -- The offshore wind …

Next Generation Advanced Batteries Market Trends, Growth Forecast, and Key Players 2025–2032 | DataM Intelligence

The Global Next Generation Advanced Batteries Market is expected to reach at a CAGR of 7.24% during the forecast period 2025-2032. AUSTIN, TX, UNITED STATES, June 13, 2025 /⁨EINPresswire.com⁩/ -- The Global Next Generation Advanced Batteries Market was …

Global Water Treatment Ozone Generator Market Outlook 2025–2034: Trends, Drivers, Opportunities & Forecasts

The Business Research Company's Global Water Treatment Ozone Generator Market Outlook 2025–2034: Trends, Drivers, Opportunities & Forecasts LONDON, GREATER LONDON, UNITED KINGDOM, June 13, 2025 /⁨EINPresswire.com⁩/ -- The Business Research …

Wave and Tidal Energy Market Outlook 2025–2034: Key Growth Drivers, Market Share, Segments, and Trends

The Business Research Company's Wave and Tidal Energy Market Outlook 2025–2034: Key Growth Drivers, Market Share, Segments, and Trends LONDON, GREATER LONDON, UNITED KINGDOM, June 13, 2025 /⁨EINPresswire.com⁩/ -- The Business Research Company’ …

KAEFER Powers Up Safety with iPermit Go-Live on National Gas Projects

Scottish energy services giant, Wood Group, now part of KAEFER UK & Ireland has officially gone live with the iPermit electronic Permit to Work (ePTW) system. CLEVELAND, UNITED KINGDOM, June 13, 2025 /⁨EINPresswire.com⁩/ -- Scottish energy …

NAMIBIA TO HOST 15TH AFRICA PPP 2025- THE ANNUAL PAN-AFRICAN INFRASTRUCTURE FINANCE, INVESTMENT AND PARTNERSHIPS SUMMIT

The 15th edition of the annual Africa PPP Summit (#APPP2025) is set to take place on 28 – 31 October 2025 at Hilton Hotel, Windhoek, Republic of Namibia. WINDHOEK, NAMIBIA, June 13, 2025 /⁨EINPresswire.com⁩/ -- The 15th edition of the annual …

Elite Capital & Co. Limited Moves to 1 Cornhill After 12 Years at 33 St. James Square Amid Financial Sector Expansion

LONDON, UNITED KINGDOM, June 13, 2025 /⁨EINPresswire.com⁩/ -- Mr. George Matharu, President and CEO of Elite Capital & Co. Limited, announced today that Elite Capital & Co. has relocated its headquarters from 33 St. James Square to the …

Houston American Energy Corp. Provides Response to Unusual Market Action

HOUSTON, TX, June 13, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) announced today that the Company had become aware of unusual trading activity in its common stock on the New York Stock Exchange …

Stellar Market Research examines the growth rate of the Hydropower Turbine Market during the forecasted period 2025-2032

Hydropower Turbine Market size was valued at USD 3.60 Bn in 2024, and the total to grow at a CAGR of 4.9% from 2025 to 2032, reaching nearly USD 5.28 Bn. SAVANNAH, GA, UNITED STATES, June 13, 2025 /⁨EINPresswire.com⁩/ -- The Global Hydropower …

Heidmar Maritime Holdings Corp. Partners with B2i Digital as a Featured Company to Expand Investor Awareness

B2i Digital to Highlight Heidmar's 40+ Years of Maritime Excellence and Global Tanker Pool Management Platform Heidmar Maritime Holdings Corp. (NASDAQ:HMR) NEW YORK, NY, UNITED STATES, June 13, 2025 /⁨EINPresswire.com⁩/ -- NEW YORK, NY / …

Alectra releases 2024 ESG and GRE&T Centre reports highlighting commitment to sustainability, community support and grid ...

MISSISSAUGA, Ontario, June 13, 2025 (GLOBE NEWSWIRE) -- Alectra Inc. presents its 2024 Annual Environmental, Social and Governance (ESG) Report, ‘Discover the Possibilities’, showcasing significant progress toward its long-term sustainability goals while …

PHX Energy Services Corp. Announces Quarterly Dividend

CALGARY, Alberta, June 13, 2025 (GLOBE NEWSWIRE) -- PHX Energy Services Corp. ("PHX Energy" or the "Corporation") is pleased to announce that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share …

Tree Island Steel Announces Quarterly Dividend

VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Tree Island Steel Ltd. (“Tree Island” or the “Company”) (TSX:TSL) is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.015 per share, on the issued and …

QuadriSpace Unveils Document3D 2025: Revolutionizing 3D Documentation and Illustration

Document3D 2025 includes SolidWorks and Creo import, repackaged into product subscription tiers. ALLEN, TX, UNITED STATES, June 12, 2025 /⁨EINPresswire.com⁩/ -- QuadriSpace, a pioneer in 3D communication software based in Allen, TX, is excited to announce …