Category: Austria

Austria opec

7 OPEC+ countries adjust output, reaffirm commitment to market stability

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VIENNA, AUSTRIA (By OPEC, 5.Jul.2026, Words: 268) — The 7 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. and Nov. 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 Jul. 2026, to review global market conditions and outlook. In their collective commitment […]

PRESS DIGEST 6 APR. 2026: Seadrill’s West Polaris; Cheniere exec. suite; OPEC JMMC

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MONTERREY, MEXICO (By editors with Energy Analytics Institute, 6.Apr.2026, Words: 280) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on PEMEX, PETROBRAS, Cheniere Energy and SeaDrill, among others. Energy Analytics Institute (EAI) has not verified […]

OPEC urges accurate coverage of its reports

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VIENNA, AUSTRIA (By OPEC, 17.Nov.2025, Words: 261) — With reference to the Reuters article, dated 13 Nov. 2025, titled ‘Oil extends losses on US inventory build, OPEC forecast shift’, the OPEC Secretariat feels it is important to clarify an inaccurate statement in the story related to the Nov. OPEC Monthly […]

EAI brief: IMF reveals new GDP estimates for 2025 and 2026

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WASHINGTON, DC (By Editors at Energy Analytics Institute, 18.Oct.2025, Words: 74) — The International Monetary Fund (IMF) revealed world economic outlook growth projections for 2025 and 2026 for emerging markets and developing economies. India’s economy or gross domestic product (GDP) is expected to grow 6.6% in 2025 and 6.2% in […]

EAI NRG Dashboard 13 Oct. 2025 [free pdf download]

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 13.Oct.2025, Words: 2,000) — The Energy Analytics Institute (EAI) NRG Dashboard — a most read for investors, students, academics and energy executives among others interested or already following the Latin America and Caribbean (LAC) region energy sector in particular and the global energy […]

Eight OPEC+ countries eye 547,000 b/d production adjustment [table]

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VIENNA, AUSTRIA (By OPEC, 3.Aug.2025, Words: 294) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability on current healthy oil market fundamentals and steady global economic outlook and adjust production. The 8 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. […]

OPEC sees global oil demand at almost 123 MMb/d in 2050

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 10.Jul.2025, Words: 263) — The 2025 OPEC World Oil Outlook (WOO), launched, at the 9th OPEC International Seminar, estimates that the world will require more energy in the decades to come, with global energy demand set to be expand by 23% […]

Delcy Rodríguez talks energy market plans with OPEC general secretary Haitham Al Ghais 

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PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 9.Jul.2025, Words: 225) — Venezuela’s executive vice president and head of the Ministry of Hydrocarbons Delcy Rodríguez reaffirmed with the Organization of the Petroleum Exporting Countries (OPEC) secretary general Haitham Al Ghais her country’s commitment to strengthening a sustainable energy market. […]

OPEC+ reaffirm commitment to market stability [table]

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 5.Jul.2025, Words: 309) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability on current healthy oil market fundamentals and steady global economic outlook and adjust production. The 8 OPEC+ countries, which previously announced […]

JMMC notes overall conformity for OPEC and non-OPEC countries

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Apr.2025) — The 59th Meeting of the Joint Ministerial Monitoring Committee (JMMC), which took place via videoconference on 5 Apr. 2025, reviewed the crude oil production data for Jan.-Feb. 2025 and noted overall conformity for OPEC and non-OPEC countries participating in the Declaration […]

OPEC’s Al Ghais on Oil Demand Peaking by 2030

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(Energy Analytics Institute, 13.Oct.2024) — OPEC Secretary General HE Haitham Al Ghais said that claims around oil demand peaking by 2030, or even dropping by 25%, “are just that – claims.”  Al Ghais’ comment was posted 13 Oct. 2024 on X, formerly Twitter, by the organization. Al Ghais also said […]

OMV Unveils New Corporate Identity

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(OMV, 13.Jun.2024) — At its Capital Markets Day in London, OMV announced a new brand identity capturing the company’s ambition and significant progress towards becoming net-zero by 2050. In line with OMV’s Strategy 2030, the new brand identity embodies the purpose of re-inventing essentials for sustainable living, as it evolves […]

OMV Starts Co-processing Plant at Schwechat Refinery

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(OMV, 10.Jun.2024) — OMV has started up its co-processing plant at the Schwechat refinery in Austria. Almost EUR 200mn have been invested to allow up to 160,000 metric tons of liquid biomass being converted into high-quality renewable hydrogenated vegetable oil components. These more sustainable blending components will be used also […]

TE H2 Partners with VERBUND on Large Project in Tunisia

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(TotalEnergies, 28.May.2024) — TE H2 a joint-venture between TotalEnergies and EREN Groupe, together with VERBUND, Austria’s leading electricity company, have signed a Memorandum of Understanding with the Republic of Tunisia to study the implementation of a large green hydrogen project named “H2 Notos” for export to Central Europe through pipelines. H2 […]

OMV Secures Additional Gas Transport Capacities Until 2028

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(OMV, 5.Jul.2023) — OMV secured additional European gas transport capacities to Austria. In this year’s annual auction, OMV was awarded capacities of around 40 TWh p.a. for the period between October 2023 to September 2026, and around 20 TWh p.a. for the period between October 2026 to September 2028. The border […]

Can We Bury Carbon? [VIDEO]

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(OMW, 27.Jun.2023) — What if we could mitigate the effects of global warming by trapping greenhouse gases at their source and putting them deep underground so they never get into the atmosphere? Well, it turns out we can. The technology is called Carbon Capture and Storage (CCS). Olivier Point, geoscientist and senior […]

CGG Awarded OMV Contract for Multi-Year Dedicated

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(CGG, 23.May.2023) — CGG has been awarded a new contract by OMV to continue operating a dedicated center at its head office in Vienna for an initial three-year period. During this time, OMV will continue to benefit from in-house access to CGG’s advanced seismic imaging and reservoir characterization technology, as […]

OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]

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(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) in 2022 owing a lower global economic forecast amid ongoing uncertainties and rising challenges impacting major economies. OPEC forecasts oil demand to reach 99.7 MMb/d […]

27th OPEC and non-OPEC Ministerial Meeting

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(OPEC, 31.Mar.2022) — Following the conclusion of the 27th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 31 March 2022, it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a well-balanced market, and that current volatility is not caused by fundamentals, but […]