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OPEC Quota News Monitoring

  • Published on 12:43 GMT

    Exclusive-OPEC+ to further speed up oil output hikes, five sources say

    LONDON/MOSCOW :OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production quotas, five sources from the group …

    Source: Channel News Asia - Pro-Government
  • Published on 09:55 GMT

    OPEC+ to further speed up oil output hikes, sources say

    By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their …

    Source: Yahoo Finance - Pending
  • Published on 14:56 GMT

    Nigerian Crude sells below $65 per barrel, OPEC revamps oil production

    Nigerian crude fell below the Federal Government’s benchmark, selling for $65 per barrel, as OPEC increased production despite heightened geopolitical uncertainty. Nigerian cargoes loaded on May 10 remain unsold, reflecting a lack of enthusiasm from buyers …

    Source: Nairametrics - Neutral
  • Published on 10:26 GMT

    OPEC+ agrees to boost output in June despite falling oil prices

    Top oil producers, members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, have agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 …

    Source: Sabah - Pending
  • Published on 08:56 GMT

    Oil prices can drop more as OPEC+ ramps up supply again

    The production increase comes at a time when oil traders were already expecting further supply-side developments. Reports earlier in the week had pointed to internal discussions within OPEC+ about rebalancing compliance across member countries. Iraq and …

    Source: Gulf News - Gov't Propaganda
  • Published on 11:08 GMT

    OPEC+ to further speed up oil output hikes: Report

    OPEC+ shocked the oil market in April by agreeing a faster-than-expected unwinding of cuts despite weak prices and demand. The move was designed by OPEC+ leader Saudi Arabia to punish some members for poor quota compliance, sources have said. Last Updated …

    Source: Deccan Herald - Indeterminate
  • Published on 10:48 GMT

    OPEC+ to further speed up oil output hikes, three sources say

    LONDON (Reuters) -OPEC+ plans to further accelerate oil output hikes and possibly unwind 2.2 million barrel per day of voluntary cuts through October 2025 if members of the group don’t improve compliance with their production quotas, three OPEC+ sources …

    Source: Regional Media News - Iowa - Pending
  • Published on May 3, 2025

    OPEC+ decides to maintain elevated oil production in June

    LONDON/DUBAI: Despite falling prices and expectations of weaker demand, OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday. Following an …

    Source: The News International - Indeterminate
  • Published on May 3, 2025

    OPEC+ to Increase Oil Output in June Despite Global Price Slump

    A group of eight OPEC+ countries, including Saudi Arabia and Russia, have announced a significant rise in oil production for June, defying the current slump in crude prices and raising concerns of further market instability. According to a statement …

    Source: News Central TV - Indeterminate
  • Published on May 3, 2025

    OPEC+ agrees another accelerated oil output hike for June

    OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand. Following a short online meeting, …

    Source: The Economic Times - Pending
  • Published on May 3, 2025

    OPEC+ Agreed To Increase Oil Production In June

    What will happen to the Kremlin's revenues now? Saudi Arabia, as one of the most important players in the OPEC+ oil cartel, has lobbied for an increase in oil production among the association's countries for next month by the same 411,000 barrels …

    Source: Charter 97 - Center-left
  • Published on May 3, 2025

    OPEC+ countries to open the oil taps despite price slump

    Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June at the risk of driving down already very low prices. Saudi Arabia, along with Russia and six other members of the oil cartel, will implement a …

    Source: RTL Today - Neutral
  • Published on May 3, 2025

    OPEC+ May Hold Urgent Saturday Meeting To Finalize June Output Plan

    Friday, May 2, 2025 9:30 PM EDT Image Source: Unsplash Eight member nations of the OPEC+ alliance are likely to meet on Saturday to deliberate on a potential further acceleration of oil production increases for the month of June, Reuters reported, citing …

    Source: myMotherLode - Pending
  • Published on 14:51 GMT

    Iraq reaches diesel milestone, eyes end to gas flaring

    2025-05-04T14:36:14+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq has reached self-sufficiency in gas oil (diesel) and aims to eliminate gas flaring by 2028, Oil Minister Hayan Abdul Ghani said on Sunday, while warning that the halt in …

    Source: Shafaq News - Indeterminate
  • Published on May 2, 2025

    OPEC Output Down in April

    OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the Organization of the Petroleum Exporting Countries shrank by 200,000 …

    Source: Rigzone - Neutral
  • Published on 02:34 GMT

    IMF Warns of Structural Risks, Nigeria Sees Recovery

    One of the takeaways from the 2025 Spring Meetings of the World Bank and the International Monetary Fund (IMF) was the gap between Nigeria’s economic self-assessment and that of the Bretton Woods institutions. While Nigerian officials painted a picture of …

    Source: This Day - Pro-Government
  • Published on May 1, 2025

    OPEC+ plans phased output hike, but Iraq breaches quota

    2025-05-01T18:43:17+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Eight OPEC+ members involved in the voluntary production cut agreement are set to gradually raise oil output, while Iraq has already exceeded its quota by more than 200,000 bpd, …

    Source: Shafaq News - Indeterminate
  • Published on Apr 29, 2025

    Kazakhstan's Oil Output Surpasses OPEC+ Quota Amidst Internal Alliance Tensions

    (MENAFN- The Arabian Post) Kazakhstan's oil production from April 1 to 28 reached 1.814 million barrels per day , exceeding its OPEC+ quota of 1.473 million bpd by over 340,000 bpd, despite a 3% decline from March's average. This overproduction …

    Source: MENAFN - Indeterminate
  • Published on May 3, 2025

    Crimea Summer Holiday, Spring Offensive Update, Russian Oil and Bread Queues

    This big Ukraine news this week outside Ukraine seems to all have been inside the Beltway. First, there was this “minerals/rare earth deal” between the US and Ukraine that got signed after several failed attempts. The other not-in-Ukraine-about-Ukraine …

    Source: Kyiv Post - Indeterminate

01 days 11:31:43

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  • 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 - 13:37 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: ...
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