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    • OPEC & Heavy Crude

OPEC & Heavy Crude Newsletter
  • Iran heavy crude stands at $69.18 in August as OPEC output rises 12 Sep 2025 12:25 GMT

    … s heavy crude fell in August in line with declines across OPEC’s … latest monthly report. Iran’s heavy crude averaged $69.18 a barrel … $3.29 for forward delivery. OPEC crude production rose by 478 … upbeat outlook came shortly after OPEC+ agreed on Sunday to raise …

  • Heavy crude supplies tight as US considers allowing Chevron to operate in Venezuela 03 Aug 2025 23:25 GMT

    … in Venezuela, a producer of heavy crude grades. S&P … 6 million barrels of waterborne heavy crude so far in July, down … production recovers and grows, and OPEC+ unwinds its 1.9 million … pointed to higher Latin American heavy crude prices. “This rebound is …

  • Alberta’s oil slump will affect every Canadian 11 Sep 2025 21:59 GMT

    … are bracing for a glut. OPEC+ members are turning on the … , to pitch both light and heavy crude. Ottawa says it is monitoring …

  • Sanctions, trade wars grip already-tight heavy crude market 07 Mar 2025 16:40 GMT

    … 8.3 million barrels of heavy crude a day, adding tightness … are tightening the market for heavy crude, boosting prices for the sludgy … 8.3 million barrels of heavy crude a day, adding tightness … of heavy crudes, Dwivedi said. “OPEC could solve the tightness of …

  • Oil holds gains as Alberta wildfires offset OPEC+ output hike 03 Jun 2025 13:00 GMT

    … of heavy crude production, more than three quarters the amount of oil OPEC …

  • Oil Extends Gains as Canada Wildfires Offset OPEC+ Output Hike 03 Jun 2025 10:13 GMT

    … from Canada’s wildfires countered OPEC’s latest bumper supply increase … of heavy crude production, more than three quarters the amount of oil OPEC … 4.7% on Monday after OPEC+ boosted supply in line with …

  • Saudi Arabia may drop July oil prices to Asia to 6-month lows after OPEC+ boosts supply 28 May 2025 06:52 GMT

    … by rising supply from OPEC+. The July official … Arab Medium and Arab Heavy crude are expected to decrease … tumbled since OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies … May and June. Eight OPEC+ countries, set to meet …

  • Oil Rises As Ukraine War Increases Supply Worries 02 Sep 2025 08:31 GMT

    … shipped 600,000 barrels of heavy crude by tanker on Monday.   READ … meeting among members of the Organization of the Petroleum Exporting Countries and their allies on … production plans. The market expects OPEC+ to keep output unchanged for …

  • Iran's heavy crude oil prices surge in January: OPEC 13 Feb 2025 07:13 GMT

    … Secondary sources cited in OPEC’s February report indicated that … 28 million bpd. Meanwhile, OPEC+ members produced 13.947 … OPEC’s latest monthly report highlighted that Iran’s heavy crude oil … compared to December 2024. OPEC’s February report projected that …

  • Discount on Western Canada Select narrows slightly 08 Sep 2025 11:05 GMT

    … threat of competition from Venezuelan heavy crude exports to the U.S … supplies may grow further after OPEC and allied producers meet over …

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