OPEC News Monitoring

Oil Extends Rise on US-China Trade Talks

NYMEX-traded WTI for July delivery was up $0.19 barrel (bbl) to trade near $65.48 bbl, and ICE Brent for August delivery rose $0.24 bbl to $67.28 bbl. July RBOB gasoline futures were up $0.0057 to $2.1009 gallon, and the front-month ULSD futures contract …

The new Texas wastewater regulations could increase costs for oil producers

The new guidelines for permitting wastewater disposal wells are likely to increase the costs of oil producers, as the crude price is low. This will be the latest challenge faced by an industry that has seen its output growth slow down as it matures. U.S. …

Oil firmer as traders await outcome of US-China talks

Singapore — Oil prices climbed on Tuesday as investors awaited the outcome of US-China talks that could pave the way for easing trade tension and improve fuel demand. Brent crude futures rose 28c, or 0.4%, to $67.32 a barrel by 3.30am GMT. US West Texas …

Record US Gulf Oil Output to Soften 2026 Production Decline

(Bloomberg) -- US oil production will likely decline next year, but the scale of the dropoff will be substantially reduced by an old source of new supplies: the Gulf of Mexico. Most Read from Bloomberg Producers in the body of water — which President …

Oil Prices Could Sink Below $50 This Year

Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy - Jun 10, 2025, 1:40 AM CDT Analysts from S&P Global and others predict crude oil prices may drop below $50 per barrel due to weak demand growth, the slowest since the …

Oil Starts Summer on Borrowed Time as OPEC+ Fuels Surplus Threat

(Bloomberg) -- The oil market is racing toward a reckoning as a Saudi-led output surge only adds to expectations of a market that will be in surplus later this year. The crucial question is when? Most Read from Bloomberg For months, the biggest news in the …

Oil Rises on Trade-Talk Optimism, Signs of Near-Term Tightness

(Bloomberg) -- Oil ticked higher, rising for a fourth straight day, on investor optimism around extended trade talks between the US and China, and signs of near-term tightness in the physical market. Global benchmark Brent rose above $67 a barrel, while …

OPEC+ holds back as global oil supply increases: EIA forecast update

OPEC+ holds back as global oil supply increases: EIA forecast update 11 June 2025 12:05 (UTC+04:00) The U.S. Energy Information Administration (EIA) has revised its 2025 forecast for global liquid hydrocarbon production. According to the EIA’s latest …

Even with low oil prices, Opec could come out on top

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and …

Saudi Oil Flow To China Inches Down Amid OPEC+ Expansion

(MENAFN- The Arabian Post) Saudi Arabia will export about 47 million barrels of crude to China in July, marking a modest decline of one million barrels compared with June allocations. Despite the slight reduction, this remains the third consecutive month …

OPEC+ fails to deliver on output pledge – Morgan Stanley

The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not materialised, commodity analysts from Morgan Stanley said. “Notwithstanding the around 1 million-barrel-a-day increase in production quotas between March and June, an …

US-China trade talks resume in London as rare earths, tariffs dominate agenda; oil and gold hold steady

US-China trade talk: Top leaders from the United States and China met in London on Monday to strengthen a temporary 90-day trade agreement that has caused global economic concerns. The talks took place at Lancaster House, a historic building near …

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

By Scott DiSavino NEW YORK (Reuters) -Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks between the U.S. and China. Analysts have said a trade deal between the countries with the world's two biggest …

Oil prices hit multi-week highs amid US-China trade talks

[NEW YORK] Oil prices hit multi-week highs on Monday, buoyed by a weaker US dollar, while investors awaited news from US-China trade talks in London in hopes a deal could boost the global economic outlook and subsequently fuel demand. Brent crude futures …

Even with low oil prices, Opec could come out on top

Bank of America says Saudi Arabia preparing for 'long and shallow' oil price war

Saudi Arabia is batting down the hatches for a "long and shallow” oil price war, in part to clip the wings of US shale energy companies, the Bank of America’s top commodities expert said.  “It’s not a price war that is going to be short and steep; …

Current State of Venezuela’s Oil Industry: Resilience Amidst US Sanctions

Venezuela, home of one world’s largest oil reserves, has long been a key player in the global energy market. However, years of U.S. led economic sanctions have severely impacted its oil sector, restricting production, exports, and foreign investment. …

EUR/USD, Oil Forecast: Two Trades to Watch

EUR/USD holds above 1.14, and the US–China trade talks are in focus. Oil looks to US-China trade talks after Chinese data EUR/USD Holds Above 1.14, US–China Trade Talks in Focus USD rose after the US NFP on Friday EUR supported as ECB nears the end …

Saudi Arabia’s economy grows 3.4% in Q1 2025, beating expectations despite oil drag

Saudi Arabia’s economy grew by more than expected in the first quarter of 2025, according to government estimates, with lower oil prices impacting the economy less than previously forecast. First-quarter GDP rose 3.4% compared to the same quarter of the …

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 …

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 …

Wrecking Ball in the Water: Fishermen, Environmental Groups Seek Injunction to Stop Empire Wind Project

Fishermen and environmental groups file for injunction to stop Empire Wind, citing marine harm, legal violations and foreign control by Norway's Equinor. TRENTON, NJ, UNITED STATES, June 12, 2025 /⁨EINPresswire.com⁩/ -- Wrecking Ball in the …

Wipro Joins EarthSoft’s Business Partner Program

PENSACOLA, FL, UNITED STATES, June 12, 2025 /⁨EINPresswire.com⁩/ -- EarthSoft proudly welcomes Wipro, a leading technology services and consulting company, as a member of its Business Partner Program. EarthSoft Business Partners implement and …

UFA Celebrates Farmer’s Day with Food, Fun, and Community Spirit – June 13, 2025

Friday, June 13, UFA will proudly celebrate Farmer’s Day across its locations, honouring the hardworking farmers who are the backbone of our rural communities. CALGARY, ALBERTA, CANADA, June 12, 2025 /⁨EINPresswire.com⁩/ -- Tomorrow, Friday, June …

WinStar Data Center Leaders and Innovators Report Confirms Continuing Robust Growth

NEW HAVEN, CT, UNITED STATES, June 12, 2025 /⁨EINPresswire.com⁩/ -- WinStar LLC has officially published its 2025 International Data Center Industry Report, offering a comprehensive analysis of global data center leaders and innovators. “The …