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Why OPEC+ Is Pumping Fast and Playing Hardball
10 Jul 2025 05:05 GMT
… their combined oil output next month.
OPEC+ motivated its decision … summer demand, OPEC+ will lift August oil production by the equivalent … Oman made a small output increase of 138,000 … prices and higher OPEC output.
In addition, OPEC+ continues to rely …
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UAE plays vital role in OPEC, OPEC+: Al Mazrouei
10 Jul 2025 03:00 GMT
… Petroleum Exporting Countries (OPEC) and the OPEC+. He affirmed the … participation in the 9th OPEC International Seminar in Vienna, …
He expressed satisfaction with OPEC's gradual return … significantly in expanding its production capacity.
He explained that …
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Will Global Markets Clamor for Oil? OPEC+ Is Betting on It
10 Jul 2025 01:26 GMT
… there are non-OPEC countries bringing their extra production to the market … to be a concern for OPEC from a market share perspective … together the rationale for why OPEC+decided to accelerate the unwinds …
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Parviz Shahbazov meets with OPEC, GECF Secretary General and Egyptian counterpart in Vienna
10 Jul 2025 00:28 GMT
… sidelines of the 9th OPEC International Seminar in Vienna … the Petroleum Exporting Countries (OPEC); Mohamed Hamel, Secretary … of collaboration between OPEC and non-OPEC countries in … oil products, LNG trade, production and exploration projects, refining, …
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OPEC Secretary General: Azerbaijan is an effective, loyal, and reliable partner
10 Jul 2025 00:27 GMT
… since the signing of the OPEC+ Cooperation Declaration in 2016. … to join the alliance,” said OPEC Secretary General Haitham Al Ghais … - whether increasing or reducing production - but also in its … and dedicated member of the OPEC+ alliance,” Haitham Al Ghais …
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Market braces for sub-$60 oil as Opec+ lifts output
09 Jul 2025 16:26 GMT
… -end as Opec+ accelerates its unwinding of production cuts, catching … growth — both from Opec and non-Opec producers — is expected … , the political undertone of Opec+ decisions is gaining attention. … and production firms expect a decline in oil output over …
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UAE says markets thirsty for oil despite boosts in OPEC+ output
09 Jul 2025 23:31 GMT
… because they are absorbing OPEC+ production increases without building inventories, … oil, has been curtailing production for several years to … even after the latest production rises.
“You can … additional 300,000 bpd output jump.
OPEC+ still has separate …
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Opec bars five leading news organisations from oil conference
09 Jul 2025 23:14 GMT
… senior industry executives.
The Opec did not accredit Bloomberg … ministers before and after production decisions are made.
This … again very disappointed that Opec is excluding journalists, including … to strongly advocate for Opec to allow journalists from …
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Oil Prices Rise Alongside High Demand, Red Sea Shipping Attacks, and Lower US Production
09 Jul 2025 22:57 GMT
… lower U.S. oil production.
Brent crude futures were … , OPEC+ oil producers were set for another big output boost … the unwinding of voluntary production cuts by eight members, … oil markets were absorbing OPEC+ production increases without building inventories, …
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Oil Demand: Majors Sign Up to Opec’s Bullish Rhetoric
09 Jul 2025 22:41 GMT
… be unveiled in Opec’s 2025 World Oil Output (WOO) report … unwinding of output cuts as proof that “we [Opec-plus] understand … mean that the ongoing Opec-plus output increases are needed for … d in non-Opec output growth this year but output growth petering out …