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Tumbling Oil Prices, 21.6m Barrels Output Gap Threaten Nigeria’s 2025 Budget
08 Apr 2025 15:06 GMT
… of Petroleum Exporting Countries (OPEC) output and heightened trade tensions, … citing the OPEC decision to phase out production cuts and … inability to significantly raise output, has been attributed to … With OPEC+ showing no signs of reversing its output hikes …
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OPEC+ Hikes Output as Trump Tariffs Rattle Global Markets
07 Apr 2025 18:44 GMT
… easing of voluntary production cuts, boosting output by 411,000 … February. While pledging to curb output, little had been done – … familiar. In 1997, OPEC boosted production by 2.5 million … field, and the planned OPEC+ production increase.
The IEA forecasts …
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OPEC March oil output falls 110,000 barrels per day, survey finds
08 Apr 2025 04:33 GMT
… to weak demand and booming production outside the group.
The figures … revised.
March output
Feb output
Change vs. Feb
Target output
Under/over … and Venezuela are exempt from OPEC output agreements.
The Reuters survey aims …
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Oil prices drop over U.S. tariffs, OPEC+ production increase
07 Apr 2025 11:28 GMT
… in crude production output by Organization of the Petroleum Exporting Countries (OPEC) and … cent.
On April 3, the OPEC+ member states including Saudi Arabia … , announced an increase in oil output by 411,000 barrels per …
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OPEC+ surprise output hikes highlight fading discipline
07 Apr 2025 11:21 GMT
… persistent lack of compliance with production quotas. And even more … Iraq have ramped up production capacity in violation of … condensate, Kazakhstan’s oil production increased last month to 1 … Reuters, far exceeding its OPEC+ output quota of 1.468 million …
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Libya to offer production sharing contracts under new oil bid round
07 Apr 2025 21:53 GMT
… adding that deals will involve production sharing agreements.
The new … Exporting Countries (OPEC) seeks to raise its oil output.
National Oil …
Libya’s current crude production has reached about 1. … will be under a Production Sharing Agreement model, replacing …
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Elliott Wave Predicts WTI Oil's Decline Ahead of Trump’s Tariffs and OPEC’s Plans
07 Apr 2025 21:26 GMT
… almost 10% last week. OPEC’s planned production increase only exacerbated the … we have any insight into OPEC’s production plans. Instead, all it …
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Saudi oil prices fall to four-month low after OPEC+ increases output
06 Apr 2025 21:01 GMT
… months. The price reduction follows OPEC+ oil group's unexpected … a surprising move by eight OPEC+ nations, who on Thursday decided … to phase out oil production cuts, increasing output by 411,000 barrels …
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Reuters Survey Shows OPEC Output Down 110,000 Bpd in March
07 Apr 2025 17:19 GMT
… Reuters survey on Monday showed OPEC oil output falling in March, driven … saw a drop in March output of 50,000 bpd.
Nigeria … respect to Iran, February’s output was a record high not … last week’s OPEC+ announcement that it would boost production by three …
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Libya’s First Oil Bid Round in 18 Years Offers Production Sharing Contracts
07 Apr 2025 17:19 GMT
… of the conflict, oil production in Libya has often suffered … North African producer from the OPEC+ production quota agreements.
Libya aims … to boost its oil production and attract foreign investments … looks to boost oil production to 2 million barrels …