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Saudi Arabia OPEC News Monitoring

  • Published on Jun 7, 2026

    Opec+ agrees another symbolic quota hike for July

    With the Strait of Hormuz largely closed by the Iran war and Middle East producers forced to cut output, the Opec decision remains theoretical for the time being. It could become relevant again when the waterway reopens, with buyers clamoring for barrels …

    Source: Gulf Times - Indeterminate
  • Published on Jun 7, 2026

    OPEC+ agreed on the fourth increase in oil production quotas following the closure of the Strait of Hormuz

    According to three OPEC+ sources, the alliance is set to agree on Sunday to a fourth increase in oil production targets in recent months, despite the fact that the U.S. war with Iran still prevents several group members from increasing output. This was …

    Source: UNN - Neutral
  • Published on Jun 7, 2026

    OPEC+ agrees 4th straight oil output hike since Hormuz closure

    OPEC+ agreed on Sunday a fourth straight hike in its oil output targets in as ​many months, the organization said in a statement, ​even though ⁠the ongoing conflict in the Middle East is still stopping several of the group's members from pumping more …

    Source: Daily Sabah - Gov't Propaganda
  • Published on Jun 7, 2026

    OPEC+ Set For Fourth Oil Quota Hike Since Hormuz Closure

    By Ahmad Ghaddar and Olesya Astakhova LONDON, June 7 (Reuters) – OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even though the U.S. war with Iran is still preventing several of the …

    Source: gCaptain - Neutral
  • Published on Jun 7, 2026

    OPEC+ Heading Toward Fourth Production Quota Increase Since Strait of Hormuz Closure

    Three OPEC+ sources said on Sunday that the bloc is heading toward approving a fourth consecutive monthly increase in oil production targets, even as the U.S. war with Iran continues to hinder the ability of several alliance members to pump more crude …

    Source: Jordan News - Indeterminate
  • Published on Jun 7, 2026

    OPEC+ Agrees Fourth Oil Quota Hike Since Hormuz Closure

    London: OPEC+ agreed on Sunday a fourth increase in its oil output targets in as many months, OPEC said in a statement, even though the U.S. war with Iran is still preventing several of the group's members from pumping more. The war has cut oil flows …

    Source: Deccan Chronicle - Indeterminate
  • Published on Jun 22, 2026

    Azerbaijan, Islamic Development Bank seal $6bn in deals

    Azerbaijan and the Islamic Development Bank (IsDB) Group used the lender's 51st annual meetings in Baku to sign a new five-year partnership strategy and a raft of financing deals, as Economy Minister Mikayil Jabbarov said Baku wants to deepen ties with …

    Source: bne IntelliNews - Pending
  • Published on Jun 8, 2026

    Iran Explosions Push Oil Higher, Defying OPEC Supply Hike

    Explosions in three Iranian cities pushed Brent crude above $96 a barrel on Monday, as traders brushed aside a fresh output increase from major producers approved one day earlier. Blast sounds were reported in Tehran, Tabriz and Isfahan, according to local …

    Source: News Ghana - Indeterminate
  • Published on Jun 22, 2026

    Still king – why the petrodollar isn’t going anywhere soon

    Recent tensions in the Middle East have brought the petrodollar debate back into focus. The immediate market question is whether disruptions to energy trade could accelerate the use of non-dollar currencies in energy-related transactions. That matters …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 6, 2026

    OPEC Output Plunges Further as U.S. Squeezes Iran

    June 5, 2026 10:32 AM, EDT OPEC crude output fell last month, hitting its lowest level in decades as the U.S. blockade of Iran and disruption in the Persian Gulf continued to curb production. Output from its 11 current members dropped by 1.22 million …

    Source: Transport Topics - Center-right
  • Published on Jun 22, 2026

    Oil demand weakens as US-Iran deal cools prices

    By Nasir Lubwama Global oil demand is now expected to end the year lower, after months of high fuel prices, disrupted supply routes and tight product availability cut into consumption, according to the International Energy Agency. In its latest oil market …

    Source: UBC - Uganda Broadcasting Corporation - Pro-Government
  • Published on Jun 11, 2026

    OPEC approves new oil output increase despite ongoing Strait of Hormuz disruption

    Despite continued disruption from the blockade of the Strait of Hormuz, seven major OPEC producers are moving ahead with another oil output increase for July, extending a streak of monthly hikes that has kept global energy markets on edge. What happened? …

    Source: The Cool Down - Oregon - Center-left
  • Published on Jun 5, 2026

    Saudi energy minister visits Russia, calls for stable energy sector

    ST PETERSBURG - Saudi Arabia’s energy minister ‌met his Russian counterpart on Thursday and called for stabilization in the energy sector, as the Iran and Ukraine wars cut oil output from the two top OPEC+ ​producers and send prices soaring. OPEC+ is …

    Source: Zawya - Indeterminate
  • Published on Jun 22, 2026

    Tankers: A Fragile Peace Deal and the Hormuz Straits Conundrum

    The recent signing of the peace agreement between the US and Iran is proving to be as fragile as the Hormuz Strait’s restoration of “business as usual”. In its latest weekly report, shipbroker Gibson said that “after more than three months of disruption …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 6, 2026

    Survey Shows OPEC Output Plunges Further

    OPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the Persian Gulf continued to curb production. Output from its 11 current members dropped by 1.22 million barrels a day to 16.33 million a …

    Source: Rigzone - Neutral
  • Published on Jun 11, 2026

    Could Hormuz Reopening Trigger an OPEC Crisis?

    The Strait of Hormuz has long been the most important chokepoint in global energy markets, carrying nearly one fifth of the world’s oil and gas supplies. The disruption caused by the Iran war and the temporary closure of the waterway dramatically altered …

    Source: Modern Diplomacy - Neutral
  • Published on Jun 22, 2026

    Iran will agree to allow weapons inspection: Vance

    High-level talks in Switzerland to permanently end the Iran war wrapped up early Monday after a tense start. While top officials left, lower-level teams will stay to detail a new ‘de-confliction cell’ aimed at stopping fighting in Lebanon. The move comes …

    Source: Gulf News - Gov't Propaganda
  • Published on Jun 17, 2026

    Security Dynamics in the Persian Gulf (Part 1)

    The conclusion of a peace agreement on the Persian Gulf conflict is on the horizon, leaving a vital aspect to be addressed: the establishment of a viable regional management architecture. Unless a permanent structure for conflict management is established …

    Source: The Nation - Pro-Government
  • Published on Jun 10, 2026

    Nigeria Backs OPEC Capacity Review As Group Extends Oil Output Increase

    Nigeria has welcomed the decision of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) to maintain the current framework governing crude oil production until the end of 2026, while also emphasising the importance of an ongoing review …

    Source: Arise News - Neutral

08 days 05:10:54

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