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Russia & CIS OPEC Newswire

  • Published on Jul 7, 2025

    OPEC set to complete unwinding of voluntary oil output cut in Sept, sources say

    OPEC+ oil producers are set to approve another big output boost for September as they complete the unwinding of voluntary output cuts by eight members and allow the United Arab Emirates to pump more to meet a larger quota, five sources said. Plans to …

    Source: ETEnergyworld.com - Indeterminate
  • Published on Jul 7, 2025

    Oil prices under pressure following OPEC+ cuts rewind

    Oil prices remain under pressure in the face of potential oversupply and uncertain demand, as OPEC+ rolls back output cuts The eight OPEC + countries which previously announced additional voluntary adjustments (ie Saudi Arabia, Russia, Iraq, UAE, Kuwait, …

    Source: Oil Review Middle East - Neutral
  • Published on Jul 7, 2025

    OPEC+ set to complete big oil output cut unwinding in Sept, sources say

    LONDON: OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates' move to a larger quota, five sources said. The group, …

    Source: Zawya - Indeterminate
  • Published on Jul 7, 2025

    OPEC+ Agrees on Larger-Than-Expected Supply Hike Again

    Michael Nguyen / NurPhoto via Getty Images OPEC+ said it will increase oil production by 548,000 barrels a day next month. The Organization of the Petroleum Exporting Countries and its allies agreed Saturday to boost output again next month by more …

    Source: Yahoo Finance - Center-left
  • Published on Jul 7, 2025

    Dollar payment on naira cards, OPEC+ output increase… business stories to track this week

    Here are the seven top business stories you need to track this week — July 7 to July 11. ENUGU AIR TO LAUNCH DOMESTIC FLIGHT OPERATIONS Festus Keyamo, minister of aviation and aerospace development, will inaugurate Enugu Air on July 7 (today). In an …

    Source: The Cable - Neutral
  • Published on Jul 7, 2025

    Eight OPEC+ Members Announce Bigger August Output Increase

    The eight members have agreed to increase production by 548,000 b/d in August, up from a 411,000 b/d increase in July. File Image / Pixabay Eight OPEC+ members have agreed to increase oil production by 548,000 b/d in August from July's …

    Source: Ship & Bunker - Neutral
  • Published on Jul 7, 2025

    Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil

    Gas prices at the pump could get even cheaper just as Americans hit the highways for summer travel. Over the weekend, OPEC+ jolted markets by announcing it would flood the market with even more oil. Eight producers, including heavyweights Saudi Arabia and …

    Source: Insider - Neutral
  • Published on Jul 7, 2025

    Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September

    Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in September, which would complete the unwinding of 2.2 million bpd of voluntary cuts, as they look to normalise spare capacity amid …

    Source: Profit by Pakistan Today - Neutral
  • Published on Jul 6, 2025

    US sanctions relief paves way for Syria to revitalize oil trade links

    The US has removed Syria’s oil ministry, its two refineries and maritime authority from its sanctions list, opening the door for the war-torn country’s return to the international oil trade and providing some relief to its embattled oil and refining …

    Source: Hellenic Shipping News - Neutral
  • Published on Jul 7, 2025

    Opec+ is pumping more oil, but is it needed and at what price?

    Two questions stand out after the decision by Opec+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group export the additional barrels they say they are going to produce? Opec+ agreed at a weekend meeting to …

    Source: Times LIVE - Indeterminate
  • Published on Jul 6, 2025

    Russian crude exports hit four-month low amid weaker Chinese demand

    Russia’s seaborne crude exports fell to their lowest in four months in June, according to cargo-tracking data, as Chinese buyers cut back their purchases amid refinery maintenance, less favorable pricing and a forecast rise in pipeline imports. Russia- …

    Source: Hellenic Shipping News - Neutral
  • Published on Jul 7, 2025

    OPEC+ to raise oil output sharply again this August

    OPEC+ will significantly increase oil production in August, extending its streak of output hikes. Eight of the bloc’s member nations will produce 548,000 additional barrels per day from August, with Saudi Arabia and Russia seeing the largest production …

    Source: Azzet - Indeterminate
  • Published on Jul 7, 2025

    Oil prices slip as OPEC+ raises output above expectations

    Oil prices fell on Monday after OPEC+ announced a larger-than-expected hike in crude production starting next month, signalling ample supply amid subdued global demand. Around 7:30 am, the August contract of Brent on the Intercontinental Exchange was …

    Source: Mint - Neutral
  • Published on Jul 7, 2025

    Eight OPEC+ Countries Reaffirm Commitment To Market Stability

    (MENAFN- Caribbean News Global) VIENNA, Austria – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually …

    Source: MENAFN - Indeterminate
  • Published on Jul 7, 2025

    CVX, SHEL, OXY: Oil Prices Fall as OPEC+ Again Boosts Production

    Oil prices are sliding lower as tensions in the Middle East ease and the OPEC+ cartel increases its production starting in August. Don’t Miss TipRanks’ Half-Year Sale An eight-nation subset of the Organization of the Petroleum Exporting Countries and its …

    Source: Markets Insider - Neutral
  • Published on Jul 7, 2025

    OPEC+ agrees to increase oil output

    A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, Nov 30, 2023. [Photo/Agencies] The Organization of Petroleum Exporting Countries and its allies, known as OPEC+, agreed on …

    Source: China Daily - Gov't Propaganda
  • Published on Jul 7, 2025

    OPEC is pumping more oil, but is it needed and at what price?: Russell

    (The opinions expressed here are those of the author, a columnist for Reuters) LAUNCESTON, Australia, July 7 (Reuters) - Two questions stand out after the decision by OPEC to accelerate increases in crude oil output: who is going to buy the extra crude, …

    Source: Mint - Neutral
  • Published on Jul 7, 2025

    Stocks slip in Asia on US tariff confusion, oil skids

    By Wayne Cole SYDNEY (Reuters) -Stock markets slipped in Asia on Monday amid confusion as U.S. officials flagged a delay on tariffs but failed to provide much detail on the change, while oil prices slid as OPEC+ opened the supply spigots more than expected …

    Source: Yahoo Finance - Center-left
  • Published on Jul 6, 2025

    Kazakhstan’s oil output returns to growth in June, matching record-high

    Oil output in Kazakhstan, one of the world’s 10 biggest producing countries, returned to growth last month and matched an all-time high, as the Chevron-led Tengiz field ramped up, a source familiar with the data told Reuters. Kazakhstan has persistently …

    Source: Hellenic Shipping News - Neutral

04 days 04:49:17

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  • Published on July 7, 2025 - 10:51 GMT

    OPEC+ Fast-Tracks August Oil Production

    (MENAFN) OPEC and its partner nations, collectively referred to as OPEC+, revealed on Saturday their plan to raise oil production by 548,000 barrels per day (bpd) in August—an accelerated increase compared to July’s 411,000 bpd rise. This move reflects the …

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  • Published on July 8, 2025 - 12:35 GMT

    Dangote Petroleum Refinery in Nigeria boasts capacity of over 600,000 barrels per day

    (MENAFN) The Dangote Petroleum Refinery in Nigeria, boasting a refining capacity of over 600,000 barrels per day (around 0.5% of global refining capacity), has gained international recognition, partly due to widespread media coverage. Initially hailed as …

    Distribution channels: ...
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