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A service for global professionals · Saturday, April 5, 2025 · 800,399,744 Articles · 3+ Million Readers
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  • Published on Apr 3, 2025

    OPEC+ unexpectedly speeds up oil output hikes, oil drops

    LONDON/MOSCOW - Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that prompted oil prices to extend earlier sharp losses. Oil, …

    Source: Zawya - Uncategorized
  • Published on Apr 3, 2025

    OPEC+ agrees to make larger than expected supply hike in May

    In a move that surprised markets, eight OPEC+ countries — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman — agreed to implement a larger-than-expected oil supply hike for May 2025. The decision came following a virtual meeting on …

    Source: Business Upturn - Label Pending
  • Published on Apr 3, 2025

    Middle East burns but oil prices remain steady, who's benefiting?

    Here's something strange – despite all the drama in the Middle East, oil prices haven't crossed the $90 per barrel threshold. Strange, isn't it? Logically, when the region supplying about a third of global oil is in turmoil, prices should surge …

    Source: Israel Hayom - Right-wing
  • Published on Apr 3, 2025

    OPEC+ ministers seen sticking to further oil output hikes as planned, sources say

    By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) - A meeting of eight top ministers of OPEC+ will likely keep oil output policy that calls for gradual oil output hikes from April unchanged, two OPEC+ sources said on Thursday. …

    Source: Yahoo Finance - Label Pending
  • Published on Apr 3, 2025

    TNP fire reduces daily crude oil production by 50,000 barrels 

      Oil production in Nigeria went down by 50,000 barrels a day to an average of 1.5 million per day, in line with its quota. Also, loading of the country’s Bonny Light crude grade faced delays following a fire at the Trans-Niger Pipeline. This is as the …

    Source: Blueprint Newspapers Limited - Label Pending
  • Published on Apr 4, 2025

    Wam, bam, thank you, ma’am

    April 4, 2025 Liberation Day, Wednesday, April 2, brought not one but two body blows to the offshore industry. First came the announcement of tariffs on virtually every commodity and goods used in the industry. That blow was followed by OPEC+ members …

    Source: WorkBoat - Neutral
  • Published on Apr 3, 2025

    Saudi Arabia chooses sides in Sudan's civil war

    In the final days of Ramadan, before Mecca's Grand Mosque, Sudan's de facto president and army chief, General Abdel Fattah al-Burhan knelt in prayer beside Saudi Crown Prince Mohammed Bin Salman. Al-Burhan had arrived in the kingdom just two days …

    Source: Responsible Statecraft - Washington D.C. - Neutral
  • Published on Apr 3, 2025

    OPEC Sets Production Target For Kazakhstan Under New Output Plan

    (MENAFN- Trend News Agency) BAKU, Azerbaijan, April 3. Kazakhstan is set to produce up to 1.486 million barrels per day (mb/d) in May 2025, following the latest OPEC+ decision to gradually adjust oil production levels, Trend reports. During a virtual …

    Source: MENAFN - Uncategorized
  • Published on Apr 3, 2025

    OPEC+ To Boost Oil Supply In May As Market Conditions Improve

    (MENAFN- Trend News Agency) BAKU, Azerbaijan, April 3. Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman have reaffirmed their commitment to oil market stability and agreed to adjust production levels in response to improving …

    Source: MENAFN - Uncategorized
  • Published on Apr 2, 2025

    OPEC+ will discuss Kazakhstan's output at the Thursday meeting, sources claim

    Two delegates said that eight OPEC+ nations meeting on Thursday, will focus on convincing Kazakhstan to stop exceeding their output quota as well as its plans to compensate overproduction while the group increases gradual production. Sources have said that …

    Source: World Energy News - Connecticut - Label Pending
  • Published on Apr 2, 2025

    Global Crude Oil Shipments Rise Ahead of OPEC+ Supply Boost

    Global seaborne crude oil flows rose in March from February, just ahead of the supply increase coming from OPEC+ in April, oil flows tracking data by Bloomberg showed on Wednesday. Global crude exports averaged 39.92 million barrels per day (bpd) in March, …

    Source: Oil Price - Neutral
  • Published on Apr 2, 2025

    Eight OPEC+ countries to hold online meeting on Thursday

    MOSCOW, April 3. /TASS/. Eight OPEC+ member-countries that have agreed to voluntarily cut oil production will hold a remote meeting on Thursday. The meeting participants are expected to discuss the oil production plan for May and the schedule for …

    Source: TASS - Gov't Propaganda
  • Published on Apr 1, 2025

    Do the Saudis Really Want Peace in Ukraine?

    U.S. President Donald Trump’s campaign pledge to end the Russo-Ukrainian war within 24 hours of assuming office has fallen flat. As well as failing to extract a single concession from Moscow and hinting at premature sanctions relief, Trump's selection …

    Source: The Moscow Times - Center-left
  • Published on Apr 2, 2025

    Iraq cuts oil output ahead of OPEC+ move

    2025-04-02T09:05:13+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq has reduced its oil production ahead of planned supply increases by the OPEC+ alliance, according to a Bloomberg survey. OPEC+, led by Saudi Arabia and Russia, is scheduled to …

    Source: Shafaq News - Uncategorized
  • Published on Apr 2, 2025

    Federal Government Threatens To Revoke Licenses Of Inactive Oil Blocks

    The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, has issued a warning of potential license revocations for owners of oil blocks who have failed to develop them. This declaration is set against the backdrop of the Federal …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Apr 2, 2025

    Nigeria Cuts March OPEC Quota by 50,000bpd in Blow to 2025 Budget

    •Oil steadies near $75 as market weighs Trump’s tariffs, sanctions Emmanuel Addeh in Abuja The Organisation of Petroleum Exporting Countries (OPEC) reduced crude oil production last month, with curbs in Nigeria amounting to about 50,000 barrels per day, a …

    Source: This Day - Pro-Government
  • Published on Apr 2, 2025

    Saudi Arabia Faces Oil Price Dilemma

    As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the world’s top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per …

    Source: Oil Price - Neutral
  • Published on Apr 2, 2025

    Kazakhstan’s oil and condensate production hits record in March, sources say

    Kazakhstan’s oil and condensate output reached a record high in March, with higher output from the giant Tengiz oilfield and stable exports via the Caspian pipeline, further exceeding OPEC+ production quotas, two industry sources said and Reuters …

    Source: Hellenic Shipping News - Neutral
  • Published on Apr 2, 2025

    FG threatens to revoke dormant oil blocks licences

    The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, threatened to withdraw oil blocks from owners that have failed to develop them. This is against the backdrop of the Federal Government calling on international oil companies …

    Source: Punch - Uncategorized

02 days 23:18:11

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