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Caucasus OPEC Newswire

  • Published on Dec 12, 2024

    Nigeria retains top spot as Africa’s biggest oil producer

    The Organisation of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria retained its position as the largest oil producer in Africa. OPEC, in its latest monthly report on Wednesday for the month of November, said Nigeria’s oil output …

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

    Exxon cranks up oil output despite fears of supply glut

    Myles McCormick in Houston and Jamie Smyth in New York December 11 2024 Jump to comments sectionPrint this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ExxonMobil plans to …

    Source: The Financial Times - Neutral
  • 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

    IEA expects comfortably supplied oil market in 2025 despite demand hike

    LONDON - The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on Thursday, even after producer group OPEC+ extended oil supply cuts and a slightly higher than expected demand forecast. The agency said its …

    Source: Zawya - Uncategorized
  • 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

    OPEC+ Supply Delay Won’t Prevent Oil Glut Next Year, IEA Says

    (Bloomberg) -- Global oil markets face a glut next year despite last week’s decision by OPEC+ to delay supply increases, the International Energy Agency said. Most Read from Bloomberg World markets will be oversupplied by a hefty 1.4 million barrels a day …

    Source: Yahoo Finance - Label Pending
  • 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

    IEA lifts 2025 oil-demand forecast but expects growth to remain subdued

    The Paris-based organization now forecasts global demand to grow by 1.1 million barrels a day in 2025 from 990,000 barrels a day previously. Estimates for this year were instead cut to 840,000 barrels a day from 921,000 barrels a day, largely due to lower- …

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

    OPEC cuts 2024 oil demand growth forecast for fifth time

    OPEC has reportedly reduced its 2024 global oil demand growth forecast for the fifth consecutive month, marking the largest cut so far. OPEC now expects demand to rise by 1.61mbbl/d, down from the previous estimate of 1.82mbbl/d, citing China’s …

    Source: Offshore Technology - Neutral
  • Published on Dec 12, 2024

    Oil supply to rise in 2025 despite OPEC cuts: IEA

    Oil supply is set to outpace global demand next year even as OPEC+ members extended cuts in efforts to prop up prices, the International Energy Agency said Thursday. Eight members of the alliance, including Saudi Arabia and Russia, agreed earlier this …

    Source: The Guardian (Nigeria) - Uncategorized
  • 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

    Nigeria misses out on OPEC's $1b development fund

    Africa’s biggest oil producer, Nigeria, was conspicuously missing from the long list of beneficiaries in key project financing by the Organisation of Petroleum Exporting Countries (OPEC) Fund for International Development (OPEC Fund). OPEC Fund President, …

    Source: The Guardian (Nigeria) - 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 slips as glut outlook outweighs optimism on China stimulus

    Oil declined as persistent concerns of a looming supply glut overshadowed the outlook for bolder Chinese stimulus next year. Brent futures traded below $72 a barrel, while holding most of the previous day’s gain. China’s decision-making Politburo vowed to …

    Source: Financial Gazette - 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 prices hand back some gains; US to increase sanctions?

    Investing.com-- Oil prices slipped lower Thursday, handing back some of the previous sessions gains, as traders digested a storm of factors, including the potential for more US oil sanctions, fresh stimulus measures in China and a dour outlook on oil …

    Source: Investing - Neutral

17 days 20:21:42

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