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Caucasus OPEC Newswire

  • Published on Dec 12, 2024

    USA EIA Lowers 2024 and 2025 Brent Oil Price Forecast

    The U.S. Energy Information Administration (EIA) lowered its 2024 and 2025 Brent spot price forecast in its latest short term energy outlook (STEO), which was released this week. According to its December STEO, the EIA now sees the Brent spot price …

    Source: Rigzone - Neutral
  • Published on Dec 12, 2024

    IEA projects a comfortably supplied oil market by 2025 despite a demand increase

    The International Energy Agency (IEA), which is a part of the OPEC+ producer group, said that there will be enough oil on the world market in 2025. This was despite OPEC+ extending its oil supply cuts, and a slightly higher demand forecast than expected. …

    Source: World Energy News - Connecticut - Label Pending
  • Published on Dec 12, 2024

    IEA Boosts 2025 Oil-Demand Forecast, Notes Soft Outlook

    UCG via Getty Images Offshore petroleum drilling rig in the Gulf of Mexico. The International Energy Agency (IEA) on Thursday raised its projection for 2025 oil demand growth, driven by emerging Asia, but noted that overall demand remains soft. The …

    Source: Yahoo Finance - Label Pending
  • Published on Dec 12, 2024

    Iran to Chair OPEC 2025

    Thu 12 Dec 2024 | 12:10 PM Iranian Oil Minister Mohsen Paknejad has been appointed as the President of the Organization of the Petroleum Exporting Countries (OPEC) for 2025, following a decision made during OPEC’s 189th meeting held virtually. Paknejad …

    Source: Sada Elbalad - Gov't Propaganda
  • Published on Dec 12, 2024

    Nigeria Witnesses Oil Production Upsurge With 1.7 Daily Output In November 

      Uche Cecil Izuora Nigeria’s oil production has been recovering in recent months and hit its highest level for 2024 in November with a total of 1.7 million barrels per day (bpd) of crude oil and condensate output, the latest data from the upstream …

    Source: Oriental News Nigeria - Neutral
  • Published on Dec 12, 2024

    OPEC+ Oil Production in November Above Quotas by 680,000Bpd - IEA Report

    https://sputnikglobe.com/20241212/opec-oil-production-in-november-above-quotas-by-680000bpd---iea-report-1121152273.html OPEC+ Oil Production in November Above Quotas by 680,000Bpd - IEA Report OPEC+ Oil Production in November Above Quotas …

    Source: Sputnik News - Gov't Propaganda
  • Published on Dec 12, 2024

    An Opec for solar energy is a bad idea: This Chinese idea is best dropped

    What do you do in an energy industry that’s facing its first speed bumps after decades of meteoric growth? In the case of oil, the answer in 1960 was the formation of a producer’s cartel: the Organization of the Petroleum Exporting Countries (Opec). Solar …

    Source: Mint - Neutral
  • Published on Dec 12, 2024

    Nigeria’s Oil Production Climbs To 1.7mbpd, Retains Africa’s Top Spot

    This is according to the latest report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report highlighted a significant 11.42% boost in crude oil production, which rose to 1.48mbpd in November from 1.33mbpd in October. However, …

    Source: Naija News - Uncategorized
  • Published on Dec 12, 2024

    Crude oil futures fluctuate amid sanctions concerns

    Crude oil futures saw minor fluctuations on Thursday morning due to the concerns over supply risks driven by sanctions in the coming days. At 9:54 a.m. on Thursday, February Brent oil futures were at $73.58, up by 0.08 per cent, and January crude oil …

    Source: The Hindu Business Line - Neutral
  • Published on Dec 11, 2024

    Nigeria retains top spot in Africa as OPEC’s oil production rises in November 

    Nigeria has maintained its top spot as Africa’s largest oil producer, according to the Organisation of the Petroleum Exporting Countries (OPEC). In its Monthly Oil Market Report (MOMR) for November, OPEC revealed that Nigeria’s oil production rose to 1.48 …

    Source: Nairametrics - Neutral
  • Published on Dec 12, 2024

    Oil Rises As Tight Supply Resulting From New Russian Sanctions Is Anticipated

    Traders remain unfazed by separate bearish signals: File Image/ Earlier fears of tight global supply persisted on Wednesday, but this time due to the European Union agreeing to new sanctions against Russia for its war against Ukraine – and as a result, …

    Source: Ship & Bunker - Neutral
  • Published on Dec 12, 2024

    Oil Slips After IEA Maintains Supply Glut Outlook for Next Year

    (Bloomberg) -- Oil snapped three days of gains after the International Energy Agency renewed its warning of a supply surplus next year. Most Read from Bloomberg WTI futures slipped below $70 a barrel, following a rally of more than 4% in previous sessions. …

    Source: Yahoo Finance - Label Pending
  • Published on Dec 12, 2024

    OPEC appoints Nigeria’s Ademola Adeyemi-Bero as Chairman, OPEC Board of Governors

    The Organisation of Petroleum Exporting Countries (OPEC) has appointed Nigeria’s Mr. Ademola Adeyemi-Bero, Chairman of the OPEC Board of Governors for 2025. Adeyemi-Bero who is the Managing Director/CEO, First E&P, is also Nigeria’s OPEC Governor. …

    Source: The Citizen (Nigeria) - Uncategorized
  • Published on Dec 12, 2024

    Oil production hits 1.7mbpd – FG

    The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024. According to the latest data released by the …

    Source: Punch - Uncategorized
  • Published on Dec 11, 2024

    Brent Crude – Oil Still in Downtrend Despite Today's Gains

    Oil prices continued its steady move higher on Wednesday, up around 2%. This is a slight surprise given that OPEC downgraded its 2024 and 2025 forecasts. OPEC Monthly Report OPEC has cut its forecast for global oil demand growth in 2024 for the fifth month …

    Source: Investing - Neutral
  • Published on Dec 11, 2024

    Iran Looks To Ramp Up Production In The World’s Largest Gas Reservoir

    With an estimated 14.2 trillion cubic metres (Tcm) of gas reserves in place plus 18 billion barrels of gas condensate, Iran’s 3,700-square kilometre (sq.km) South Pars gas field is one part of the world’s largest gas field. The other is Qatar’s 6,000- …

    Source: Oil Price - Neutral
  • Published on Dec 10, 2024

    What the oil and gas industry wants from Trump and how his administration might deliver it

    US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024. Allison Robbert | AFP | Getty Images The oil and gas industry has a "to do" list for President-elect …

    Source: CNBC - Neutral
  • Published on Dec 11, 2024

    Seplat to Double Oil Production With $800m Mobil Assets Acquisition

    By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) has once again trimmed its 2024 and 2025 oil demand growth forecasts. The bloc made this in its latest monthly oil market report for December 2024. The 2024 world oil demand …

    Source: BusinessPost Nigeria - Uncategorized
  • Published on Dec 11, 2024

    Chinese Demand, Europe, Syria Development Buoy Oil Prices

    By Adedapo Adesanya Oil prices rose on Tuesday, influenced by increasing demand in China, the world’s largest buyer, as well as developments in Europe and Syria, with Brent crude futures closing at $72.19 per barrel after chalking up 5 cents or 0.07 per …

    Source: BusinessPost Nigeria - Uncategorized

17 days 20:30:21

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