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OPEC+ Tests the Shale Sector
09 May 2025 17:43 GMT
… 3 virtual meeting, eight OPEC+ states with voluntary production … of overproduction. Periodically, when OPEC countries focus more on … to quotas – such as Venezuela’s oil opening in the … macroeconomic conditions and expectations that OPEC+ will ramp up supply …
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OPEC April oil output falls – Report
09 May 2025 01:19 GMT
… The reduction comes despite OPEC+, which comprises OPEC and its allies, … Iran and Venezuela.
The biggest drop among OPEC members in … pressure to boost compliance with OPEC+ output quotas, also … Emirates and Kuwait, despite higher OPEC+ quotas for April.
“ …
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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 … of looser supply conditions from OPEC+ and stronger global trade … this macroeconomic tug-of-war.
OPEC+ said at the weekend … margin due to stoppages in Venezuela, Iraq, and Libya, as …
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Putin rolls out red carpet for Maduro as Venezuela cements Russian alliance
08 May 2025 17:51 GMT
… .
"Russia and Venezuela are developing cooperation in … satellite ground station in Venezuela – a project recently confirmed … reaffirmed their coordination in OPEC+ and the Gas Exporting … paid tribute to former Venezuelan president Hugo Chavez, hailing …
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OPEC April oil output edges lower despite plans for hike, survey finds
08 May 2025 12:39 GMT
… by a cut in Venezuelan supply on renewed U. … Iraq and Libya. The Organization of the Petroleum Exporting Countries pumped 26.60 million … Iran and Venezuela. The biggest drop among OPEC members in … April was from Venezuela, where …
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Venezuela’s Maduro and Russia’s Putin sign ‘strategic partnership treaty’ in Moscow
08 May 2025 10:15 GMT
… Putin and controversial Venezuelan President Nicolas Maduro met … given that Russia and Venezuela are currently facing sanctions … sectors, including “initiatives within OPEC+ and the Gas Exporting … among humanity today, and Venezuela in the coming years,” …
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Oil prices rise as U.S.-China trade tensions ease
09 May 2025 19:51 GMT
… by plans from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, … known as OPEC+, to increase oil … production declines in Libya, Venezuela, and Iraq offsetting the scheduled …
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Putin and Venezuela's Maduro sign strategic partnership agreement in Moscow
07 May 2025 18:35 GMT
… President Vladimir Putin and Venezuelan President Nicolas Maduro on … and Venezuela said they would promote joint initiatives within OPEC +, … cooperation between Russia and Venezuela at the United Nations … North Korea and Iran.
Venezuela has a fraught recent …
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Counter-intuitive: Why Opec wants lower oil prices
07 May 2025 13:51 GMT
… Riyadh has been voting at Opec+ meetings for higher production for … before, launching price wars against Opec cheaters in 1985-86, … the last meeting of eight Opec+ countries, which happened on … sanctions on two Opec+ rivals: Iran and Venezuela. If either was …
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Oil Prices Bounce Back From OPEC+ Bombshell
06 May 2025 22:16 GMT
… morning, recovering from the OPEC+-induced drop that was … couple more months of expedited OPEC+ unwinding.
Market Movers
- … instance of Saturday diplomacy, OPEC+ members have agreed to … ExxonMobil (NYSE:XOM) as Venezuelan supply options were derailed by …