OPEC Newswire

March World And Non-OPEC Oil Production Rises

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Production from November 2025 to December 2026 appears to be on a plateau at close to 84,000 kb/d. World oil …

The small-bore view of oil-pipeline critics

Open this photo in gallery:The Trans Mountain pipeline expansion project under construction in 2023. S&P Global projects Canada’s pipelines will hit capacity by 2030.DARRYL DYCK/The Canadian Press Anyone who has used a garden hose knows you don’t …

The palace, the protests and the red carpet: How OPEC’s seminar played out

The Hofburg palace receives attendees to the July 9-10 OPEC Seminar conference in Vienna. Ruxandra Iordache | CNBC For centuries, Vienna's romantic Hofburg palace served as a winter residence of the imperial Habsburg dynasty — this week, though, it …

Oil, gas to account for over half of global energy balance in next 25 years — OPEC

VIENNA, July 10. /TASS/. Oil and gas will continue to account for more than 50% of the global energy balance from 2024 through 2050, while oil alone is expected to contribute slightly less than 30% by 2050, according to the OPEC World Oil Outlook ( …

 NNPC/FIRST E&P JV Celebrates Major Safety Milestone In Nigerian Oil & Gas Sector 

1  The Honourable Minister of State for Petroleum Resources, Senator Heineken Lokpobiri (Ph.D.), has commended the NNPC Ltd/FIRST Exploration and Petroleum Development Company (FIRST E&P) Joint Venture (JV) on achieving 10 million Lost Time …

Oil falls amid bearish Trump tariff outlook

LONDON :Oil prices fell by around 2 per cent on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth. Brent crude futures were down $1.42, or 2.02 per cent, at $68.77 a barrel by 1327 …

Exxon Sees $1.5B Earnings Hit From Lower Oil, Gas Prices

Exxon Mobil Corp. expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits.  Oil prices pulled down earnings by about $1 billion while gas …

The three energy topics on everyone’s lips at the OPEC seminar

The blue logo of the Organization of the Petroleum Exporting Countries (OPEC) is displayed on the facade of its headquarters building in Vienna, Austria, on June 9, 2025. Nurphoto | Nurphoto | Getty Images OPEC says more than 1,000 ministers, CEOs, …

BP ratchets up oil and gas output after green energy retreat - but weaker prices weigh on profits

But weaker fossil fuel prices weigh on energy giant's profits By MIKE SHEEN Updated: 07:44 EDT, 11 July 2025 BP gas and oil production volumes are expected to have jumped over the second quarter as the energy giant continues to refocus efforts on …

Exxon, Chevron, Shell, BP Stocks Fall. OPEC Oil Plans, Gas Trading Fears Are Biting.

Oil Rises on Near-Term Tightness, But Outlooks Cap Gains

NYMEX-traded WTI for August was up $0.70 barrel (bbl) to trade near $67.27 bbl, and ICE Brent for September delivery gained $0.68 bbl to $69.32 bbl. August RBOB gasoline futures rose $0.0078 to $2.1602 gallon, and the front-month ULSD futures contract …

BP shares edge up despite warning of hit from lower oil and gas prices

BP has warned that its second quarter results, due next month, are likely to be affected by a downturn in oil and gas prices. The average price of crude oil was recorded at $67.9 per barrel over the quarter, a decrease from $75.7 per barrel in the previous …

Oil prices fall despite Russia sanctions threat and Trump's...

Shares in oil-producing companies were given a lift after crude oil prices rose on Friday, with analysts pointing to Donald Trump's comments that he plans to make a "major statement on Russia". Markets took this to imply sanctions, though the …

Oil posts weekly gain on potential Russia sanctions and Trump tariffs

Oil prices rose on Friday as the market considered potential US sanctions on oil-producer Russia and another round of tariff threats, with prices heading for a modest weekly gain. Brent, the benchmark for two thirds of the world's oil, rose 2.5 per …

Oil rises as investors weigh market outlook, tariffs, sanctions

LONDON: Oil prices rose by around 1% on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while U.S. tariffs and possible further sanctions on Russia were also in focus. Brent crude futures …

Oil edges higher as investors weigh market outlook

LONDON - Oil prices edged up on Friday, as investors weighed a tight prompt market against a potential large surplus this year, according to the International Energy Agency, while U.S. tariffs and possible further sanctions on Russia were also in focus. …

Russia says it plans to compensate oil overproduction in August-September

Russia's Deputy Prime Minister Alexander Novak said on Friday that Russia intended to fully compensate for oil produced earlier in excess of OPEC+ quota in August-September, Interfax news agency quoted him as saying. He also said that the government …

OPEC cuts global oil demand forecast for next four years

The Organization of the Petroleum Exporting Countries (OPEC) has revised its oil demand forecasts for the next four years, indicating a slower growth trajectory as Chinese economic expansion decelerates. Despite this, the organisation has raised its long- …

Commodities: OPEC+ Nearing The End Of Supply Hikes

Summary Oil prices came under pressure yesterday with ICE Brent settling more than 2.2% lower, taking it back below US$70/bbl. The sell-off came despite reports suggesting that OPEC+ is near the end of its supply hikes. This morning, prices have …

Blockchain-Verified Plastic Recovery Now Eligible for Certified Carbon Credits with RecycleGO & Ocean Integrity

New partnership transforms verified plastics recycling into carbon credits through blockchain-backed traceability and field-level validation. NEW YORK, NY, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- In a groundbreaking collaboration …

Serial Innovator Creates 'Clear-Title Solar Home™' Category to Solve Systemic Industry Problems

Revolutionary Solar-Ready Home™ Assessment Process Leads to Clear-Title Solar Homes™ That Build Equity from Day One MIAMI, FL, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- QuiqNest today unveiled the Clear-Title Solar Home™ category, a new …

Newsmatics to Host Global News Tech Workshops and AI Strategy Sessions in Prague

Week-long event brings together global teams to advance products like EIN Presswire, Perspectify, and the Newsmatics News Index through strategy workshops. WASHINGTON , DC, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- News tech powerhouse …

Chicago Residents Can Expect to Pay Between $250 and $650 Per Square Foot to Build a New Home in 2025

Building your own home in Chicago can be a rewarding journey, but it’s also one of the largest financial decisions you’ll ever make. CHICAGO, IL, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- As of mid-2025, EcoBuild Plus, a leading …

AAG’s 'Growth Room' Roundtable Offers Leaders a New Space for Honest Dialogue

Austin Alliance Group launches monthly forum for people managers and HR practitioners AUSTIN, TX, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- Leaders charged with guiding teams through relentless change rarely get uninterrupted time for …

As President Trump Pushes the Trades, IEC FL East Coast Chapter Gears Up for Record Year of New Electrical Apprentices

IEC FL East Coast connects students with in-demand electrical careers through hands-on training and job placement support WEST PALM BEACH, FL, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- As national attention continues to spotlight the …

HYDGEN Receives 'Our Power, Our Planet 2025' Award, Demonstrates Global Momentum in Hydrogen Ecosystem

NEW DELHI, SINGAPORE, INDIA, July 15, 2025 /⁨EINPresswire.com⁩/ -- HYDGEN, a clean hydrogen innovator pioneering decentralized electrolyzer systems, is proud to announce that it has been named a recipient of the “Our Power, Our Planet 2025” Award by …

Frontline Heating & Cooling Chicago Expands HVAC Services with Focus on Blower Motor Replacement and AC Installation

CHICAGO, IL, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- Frontline Heating & Cooling Chicago, a trusted name in heating and cooling services, has announced the expansion of its professional HVAC services across Chicago, with special …

Sensational Heating & Air Chicago Launches Seasonal HVAC Special Offers for Residential and Commercial Clients

CHICAGO, IL, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- Sensational Heating & Air Chicago, a trusted provider of professional heating and cooling services, has announced the launch of limited-time HVAC special offers to help Chicago …

Browns Heating & Cooling Expands Air Conditioning Services Across Chicago to Meet Summer Demand

CHICAGO, IL, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- Browns Heating & Cooling, a leading name in Heating, Ventilation, and Air Conditioning services, has announced a significant expansion of its air conditioning installation and …

ConServ Introduces 18 cu. ft. Top Mount Refrigerator with Pre-Installed Ice Maker for Efficient Apartment Living

HOUSTON, TX, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- ConServ, a division of Equator Advanced Appliances, announces the launch of the TMRI 180 S, a freestanding 30-inch top mount refrigerator with a factory-installed ice maker, designed …

Oil & Gas Exploration Drives Offshore Mooring Market to $1.8 Billion

Rising offshore E&P activities and tech advancements drive mooring market growth, despite high costs and renewable energy competition. WILMINGTON, DE, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by …

Collegiate Solar Car Teams Shine at the Electrek Formula Sun Grand Prix 2025

University of Illinois, Polytechnique Montreal take home top honors at premier solar car competition BOWLING GREEN, KY, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- The Innovators Educational Foundation (IEF) has announced the culmination …

Equator Introduces APSH 430 W Air Purifier and Humidifier for Cleaner, Pet-Friendly Indoor Air

HOUSTON, TX, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- Equator Advanced Appliances has introduced the APSH 430 W Air Purifier + Humidifier, a compact dual-function system designed to improve indoor air quality in homes with pets, …

Electrolyzer Porous Electrode Market to Expand Rapidly at 29.5% CAGR Through 2030

Supportive hydrogen policies and industrial demand drive growth; tech advancements and falling costs boost adoption across sectors. WILMINGTON, DE, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied …

Carbon Capture & Storage Industry to See 15.95% CAGR by 2031 | Global Market Outlook

The Carbon Capture & Storage Market is projected to grow at a 15.95% CAGR from 2024 to 2031, AUSTIN, NY, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- Market Overview The Carbon Capture and Storage Market is projected to expand at a …

Berntsen’s InfraMarker RFID and HID recognized by AIM as breakthrough solution for fossil asset management

Berntsen's InfraMarker RFID and HID awarded case study recognition for demonstrating real-world impact in managing paleontological assets MADISON, WI, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- MADISON, Wisc., July 14, 2025 - …

Powerledger’s TraceX is now integrated with ERCOT, opening up access to the US’s largest renewable market

NEW YORK, NY, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- Powerledger, a leading energy software company has announced the official integration of its REC marketplace, TraceX with ERCOT (Electric Reliability Council of Texas), opening …

Electrochromic Glass Market anticipated to reach US$4.710 billion by 2030 at a CAGR of 9.53%

The electrochromic glass market is anticipated to grow at a CAGR of 9.53% from US$2.988 billion in 2025 to US$4.710 billion by 2030. NEW YORK, NY, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- According to a new study published by Knowledge …

Solar E-Bike Market Size, Shares, Trends, Demands, Opportunities, Growth till 2040 | CAGR of 13.7%

WILMINGTON, NEW CASTLE, DE, UNITED STATES, July 14, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, titled, "Solar E-Bike Market Size, Share, Competitive Landscape and Trend Analysis Report, by Motor …