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A service for global professionals · Friday, July 4, 2025 · 828,521,633 Articles · 3+ Million Readers
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Africa OPEC Newswire

  • Published on 14:39 GMT

    OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds

    OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction. The Organization of the …

    Source: Zawya - Indeterminate
  • Published on 11:52 GMT

    OPEC+ set to make another accelerated oil output hike on Saturday, sources say

    LONDON :Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share. The group, which includes Saudi Arabia, Russia, …

    Source: Channel News Asia - Pro-Government
  • Published on 15:26 GMT

    OPEC+ Is Hunting for Market Share

    Leaving Price Targets in the Past, OPEC+ Is Hunting for Market Share The upcoming OPEC+ meeting, initially planned for July 6 but subsequently moved a day earlier citing the Muslim holy day of Ashura, is set to see another expedited 411,000 b/d output …

    Source: Oil Price - Neutral
  • Published on 15:27 GMT

    OPEC Set to Move Up Meeting to July 5 and Hike Output Again

    The OPEC+ producers unwinding their oil production cuts may bring forward their meeting to Saturday instead of on Sunday, with another accelerated output hike likely to be agreed, delegates and sources from the group tell various news outlets ahead of the …

    Source: Oil Price - Neutral
  • Published on 10:36 GMT

    Oil Prices Fall As OPEC+ Signals Potential Output Increase

    Oil prices slipped in the global market as signals of renewed nuclear diplomacy between the United States and Iran, expectations of increased OPEC+ output, and concerns over US trade policy combined to ease supply fears. Brent crude, the international …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on 10:00 GMT

    Milestone 60th edition of OPEC's annual statistical bulletin launched

    VIENNA -- The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical Bulletin (ASB) on Wednesday in a hybrid event. The publication and its key highlights were presented by OPEC Secretary General …

    Source: Zawya - Indeterminate
  • Published on 10:18 GMT

    Oil prices fall on Opec+ output hike expectations and Iran talks

    Oil prices fell on Friday on expectation that Opec will agree to another increase in crude output over the weekend and the resumption of US-Iran nuclear talks in Oslo will reduce risks to global supplies. Brent, the benchmark for two thirds of the world…

    Source: The National News - Pro-Government
  • Published on 03:44 GMT

    Oil and Beyond: China's Expanding Global Footprint

    When Chinese Xiaomi launched its first EV models last month, it sold more than 300,000 cars in a matter of three days. The electronics giant is eyeing international shipments in two years. Sinopec, meanwhile, is drilling for oil in Kazakhstan. The two are …

    Source: Oil Price - Neutral
  • Published on 03:02 GMT

    How U.S. Energy Policy Shaped Global Stability: Ed Hirs on Oil, Geopolitics, and Economic Strategy

      Ed Hirs is a Yale-educated energy economist and an Energy Fellow at the University of Houston, where he teaches undergraduate and graduate courses in energy economics. Known for his precise, nonpartisan analysis, he is a trusted voice on energy markets, …

    Source: The Good Men Project - California - Left-wing
  • Published on 02:07 GMT

    OPEC nudges up global oil reserves estimate, despite capex fears

    The world’s proven crude oil reserves rose slightly year-over-year to 1.567 trillion barrels in 2024, OPEC said July 2, with its members accounting for 79% of that total, as relatively healthy oil prices continued to fuel drilling activity. In its Annual …

    Source: Hellenic Shipping News - Neutral
  • Published on Jul 3, 2025

    “We can turn Africa into a ‘heaven’ in the next five years” — Dangote

    Africa’s richest man, Aliko Dangote, has urged Africans to adopt bold thinking and a long-term mindset, asserting that the continent could be transformed into a “heaven” within just five years. He made the remarks while speaking at the 32nd Annual Meeting …

    Source: Business Day - Neutral
  • Published on Jul 3, 2025

    Why didn’t oil prices rise during the Israel-Iran war?

    The Abu Dhabi National Oil Company’s Ruwais Refinery in March 2020. Photo courtesy of  Rickmaj via Wikimedia Commons. By ELAI RETTIG JNS Despite the intense 12-day military confrontation between Israel and Iran, global oil markets remained remarkably calm …

    Source: The Jewish World - New York - Neutral
  • Published on Jul 2, 2025

    Libya eyes oil revival as Chevron, TotalEnergies, others vie in first tender since 2011 war

    Chevron Corp. and TotalEnergies SE are among 37 global energy firms vying for exploration rights in Libya’s first energy tender since the 2011 conflict, as the North African nation seeks to restore its battered oil sector and attract foreign investment. …

    Source: Business Insider Africa - Neutral
  • Published on Jul 3, 2025

    OPEC: Global Crude Oil Production Declined in 2024 for the First Time Since 2020

    Facebook Twitter LinkedIn WhatsApp According to the Annual Statistical Bulletin (ASB), one of the flagship publications of the Organization of the Petroleum Exporting Countries (OPEC), global crude oil production declined in 2024 by 0.77 million barrels …

    Source: Tunisie Numerique - Neutral
  • Published on Jul 3, 2025

    Analysts Reveal What They Expect at Next OPEC+ 8 Meeting

    In a report sent to Rigzone by the Standard Chartered Bank team late Tuesday, analysts at the bank, including the company’s commodities research head Paul Horsnell, revealed their projection for the next meeting of the eight OPEC+ countries that made …

    Source: Rigzone - Neutral
  • Published on Jul 3, 2025

    IMF: FG Needs to Rework 2025 Budget to Accommodate Lower Oil Prices

    •Puts savings from fuel subsidies to 2% of 2024 GDP   •Says Nigeria’s reforms have stabilised economy, seeks action on power •FG welcomes Fund’s findings  • Senate applauds CBN’s mid-year policy performance Ndubuisi Francis,  Emmanuel Addeh, James Emejo,  …

    Source: This Day - Pro-Government
  • Published on Jul 3, 2025

    OPEC’s Oil Production Rises To 2.15m Barrels A Day, Amid $17.4trn Deficit

    The Organisation of Petroleum Exporting Countries (OPEC) pumped a total of oil and condensate of 2.15 million barrels a day (bpd) in June, up from 2.02 million in May. This is even as OPEC is working to abate perceived supply shortages that could disrupt …

    Source: Leadership - Neutral
  • Published on Jul 3, 2025

    Higher crude oil offset rand gains, lifting fuel prices for July

    After a modest reduction in June, the fuel price trend reversed and increased due to a geopolitically driven spike in international Brent crude oil prices, which more than offsets the gains made by the rand. Crude oil prices rose by 8.5% month-on-month (m…

    Source: Cape Business News - Neutral
  • Published on Jul 2, 2025

    Chevron, Total Vying in Libya's First Oil Tender Since 2011 War

    Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Eni SpA and Exxon …

    Source: Rigzone - Neutral

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  • Published on July 2, 2025 - 10:37 GMT

    Oil Prices Drop After Israel-Iran Ceasefire

    (MENAFN) Oil prices dropped by more than 12% last week, breaking a three-week surge, with experts forecasting prices to stabilize near the $60 mark if the fragile ceasefire between Israel and Iran holds. Brent crude surged to $77.81 a barrel on June 23, …

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