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OPEC+ Tests the Shale Sector
09 May 2025 17:43 GMT
… OPEC+ states with voluntary production cuts announced they would raise output … Even before the latest OPEC+ surprise, Trump’s chaotic … of overproduction. Periodically, when OPEC countries focus more on … market share and avoid production cuts.
Source: IMF …
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OPEC April oil output falls – Report
09 May 2025 01:19 GMT
… Petroleum Exporting Countries’ oil output edged lower in April … reduction comes despite OPEC+, which comprises OPEC and its allies, … boost compliance with OPEC+ output quotas, also curbed output, the survey … and Kuwait, despite higher OPEC+ quotas for April.
“ …
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Has US oil production peaked? CEO reopens debate.
09 May 2025 11:30 GMT
… for a while that oil production in the United States could … , he told investors he sees output going down for the first … oil executives even as oil production hit world records under then … looming boost in supply from OPEC+ producers around the world.
…
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Nigeria’s crude oil output falls by 4.37% in March, below OPEC’s quota – Report
09 May 2025 10:44 GMT
… Nigeria’s actual production and its OPEC quota of 1 … , and any reduction in output directly affects government income. … , it can improve domestic production. Tackling oil theft, encouraging … Mbps.
Nigeria’s oil production has been consistently underperforming, …
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OPEC April oil output edges lower despite plans for hike, survey finds
08 May 2025 12:39 GMT
… Alex Lawler LONDON (Reuters) -OPEC oil output edged lower in April despite … Iraq and Libya. The Organization of the Petroleum Exporting Countries pumped 26.60 million barrels … to boost compliance with OPEC+ output quotas, also curbed output, the survey found …
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Texas oil drilling applications at 4-year low as producers consider OPEC+ increase, trade war
08 May 2025 22:46 GMT
… due to concerns about rising OPEC+ supply and a trade … drop in demand for oil.
OPEC+, the Organization of Petroleum … oil production for a second month in a row, increasing output … Administration, Permian crude oil production accounted for approximately half of …
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HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
08 May 2025 21:38 GMT
… practice OPEC has chosen this moment to increase production quotas … new. OPEC controls around 40% of global oil output and … have significantly exceeded their production quotas. As bne … have significantly exceeded their production quotas. In Kazakhstan’ …
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Oil ETFs Heat Up As OPEC+ Pump-Up, US-UK Trade Deal, China Talks Fuel Rally
08 May 2025 20:45 GMT
… keen to observe whether the OPEC+ production increase smoothes the front … events, such as the OPEC+ output boost or US-Iran nuclear … of looser supply conditions from OPEC+ and stronger global trade … which occurs after April production slipped by a small margin …
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Nigeria Sets Higher Oil Production Target
08 May 2025 16:36 GMT
… bottlenecks against our oil production are being addressed,” the … official said.
Production data shows Nigeria has … This just leaves one problem: OPEC+ production control commitments. In this, … its course, switching from production control to growth.
By …
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Oil Falls to Fresh Four-Year Low Following OPEC Production Push
07 May 2025 08:25 GMT