OPEC+ Production Fell in April Despite Pledge to Start Hiking Output

OPEC+ Production Fell in April Despite Pledge to Start Hiking Output

All the countries in the OPEC+ pact saw their combined crude oil production drop by 106,000 barrels per day (bpd) in April compared to March, despite the pledge of the eight OPEC+ producers who are withholding supply to begin easing their cuts. OPEC+ producers Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman have decided to begin raising production in April, for the first time since 2022. The figures in OPEC’s Monthly Oil M…

Among Top Seven: Iraq’s oil exports to US hit 4.59M barrels

Shafaq News/Iraq’s oil exports to the United States surpassed 4M barrels in April, according to data released by the US Energy Information Administration (EIA) on Wednesday. The report showed that Ir

OPEC expects slower 2025 oil supply growth from rivals after price drop – Oil & Gas 360

(Investing) – LONDON – OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last month’s fore

OPEC Makes Careful Start to Supply Revival

OPEC nations made a careful start to their long-awaited oil production revival in April, ahead of the group's plans for a much quicker surge in output in t...

Nigeria’s oil output falls to 1.486m bpd – OPEC

Nigeria’s crude oil output, including condensate, dropped month-on-month, MoM, to 1.486 million barrels per day, bpd, in April 2025, from 1.401 million bpd in March 2025. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its May 2025 Monthly Oil Market Report, MOMR, explaining that this was based on data obtained from direct communication. However, the report noted that when data obtained from secondary sources were cons…

Kazakhstan’s Oil Output Fell 3% in April But Stayed Above OPEC+ Quota - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Kazakhstan’s oil production fell 3% from March to 1.82 million barrels per day (bpd) in April, but was again above the country’s OPEC+ quota, according to an industry source familiar with the statistics, and Reuters calculations. Kazakhstan’s output has become the main point of contention inside OPEC+, with group leader Saudi Arabia demanding ...