PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 12.Aug.2025, Words: 133) — Venezuela boasted an 1.4% increase in its monthly oil production, according to […]
Tag: OPEC
Eight OPEC+ countries eye 547,000 b/d production adjustment [table]
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 […]
Venezuelan oil production holding steady above the new 900,000 b/d floor [tables]
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 15.Jul.2025, Words: 193) — Venezuela’s crude oil production is holding steady just above what is seemingly […]
EAI brief: Brazil’s economic momentum remains robust, while US tariff uncertainties linger
SALVADOR, BRAZIL (By Pedro Silva, Energy Analytics Institute, 15.Jul.2025, Words: 426) — The Brazilian economy entered 2025 with strong momentum. And, while some deceleration in […]
Venezuela’s Rodríguez highlights the importance of energy trilemma at OPEC seminar
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 14.Jul.2025, Words: 144) — Venezuela’s executive vice president and head of the Ministry of Hydrocarbons Delcy […]
PDVSA oil sales abroad hit $17.5bn in 2024 as exports jump
HOUSTON, TEXAS (By Reuters, 11.Jul.2025, Words: 84) — Venezuelan state-run PDVSA‘s oil sales abroad in 2024 stood at $17.52 billion, according to a results document […]
OPEC sees global oil demand at almost 123 MMb/d in 2050
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 […]
Delcy Rodríguez talks energy market plans with OPEC general secretary Haitham Al Ghais
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 […]
OPEC+ reaffirm commitment to market stability [table]
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 […]
China leans in hard to assist Cuba from drilling wells to installing photovoltaic parks
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.May.2025, Words: 218) — Chinese companies and technicians have become a mainstay in Cuba and the island’s […]
Venezuela’s production averaged 888 Mb/d in Apr. 2025, according to OPEC
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 14.May.2025, Words: 164) — Venezuela’s crude oil production averaged 888 thousand barrels per day (Mb/d) in Apr. […]
OPEC+ countries commit to market stability, 411 Mb/d adjustment
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 3.May.2025) — 8 OPEC+ countries — namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman — […]
JMMC notes overall conformity for OPEC and non-OPEC countries
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 […]
Goldman Sachs reduces price forecast, drops range amid downside risks
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Apr.2025) — Goldman Sachs reduced its Dec. 2025 forecasts for Brent and West Texas Intermediate (WTI) by […]
8 OPEC+ countries reaffirm commitment to market stability
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025) — 8 OPEC+ countries — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman — reaffirmed […]
Venezuela’s energy minister Rodríguez says production normal
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.Mar.2025) — Venezuela’s crude oil production was normal at the end of Mar. 2025 and in accordance […]
Venezuela activates independence plan after sanctions against Chevron
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025, Words: 246) — Venezuela’s President Nicolás Maduro ordered activation of the “absolute productive independence plan” aimed […]
Venezuela flared 46% of its 3,895 MMcf/d of natural gas production in 2024
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025, Words: 1,030) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting […]
OPEC Forecasts Slight Rise in Permian Oil Production in 2025
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 12.Feb.2025) — The Organization of the Petroleum Exporting Countries (OPEC) is forecasting US tight crude production in the […]
NRGBriefs Jan. 2025: Golden Pass LNG, Chevron CEO on Argentina growth
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Energy briefs as well as others related to finance, economics, politics, and projects during Jan. 2025 […]
Nigeria Officially Joins BRICS as Partner Country
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 17.Jan.2025) — Nigeria formally joined BRICS as a partner country of the grouping. “With the world’s sixth-largest […]
Venezuela’s Maduro Says Oil Sector of OPEC Country Grew 14% in 2024
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Venezuela’s president Nicolás Maduro Moros said his country’s petroleum sector grew 14% in 2024 amid […]
Mexico’s Production Continues Downward Trend, Falls 4.2% in 2024 v 2023
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 15.Jan.2025) — Mexico’s oil production averaged 1.586 million barrels per day (MMb/d) in 2024, down 4.2% from […]
Brazil’s Liquid Production on Track to Average 4.2 MMb/d in 2024, 4.4 MMb/d in 2025
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 15.Jan.2025) — Brazil’s total liquids production averaged 4.1 million barrels per day (MMb/d) in Nov. 2024, down […]
LatAm NRG Heard: Keith Rowley Exit, Venture Global IPO
(Editors at Energy Analytics Institute, 3.Jan.2025) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 3 Jan. 2025. —Argentina: Gov’t […]
Venezuela’s Maduro says investment of up to $52bn procured from BRICS, others
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 27.Dec.2024) — Venezuela’s president Nicolás Maduro assured that his Caribbean country has procured investments of up to $52bn […]
Venezuela’s Economic and Oil Production Strides in 2025 at Donald Trump’s Whim
(Pietro D. Pitts, Energy Analytics Institute, 23.Dec.2024) — The directional movements of Venezuela’s economy in 2025 will depend on Washington’s new man in charge, Donald […]
LatAm NRG Heard: Argentina’s GDP, Chevron Venezuela, Plan Mexico
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Dec.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 20 Dec. 2024. […]
S&P Global Publishes its Energy Outlook 2025
(S&P Global, 11.Dec.2024) — Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the […]
LatAm NRG matters: USMCA review slated for 2026, Mexico US piped-gas imports
MEXICO CITY, MEXICO (By Energy Analytics Institute, 6.Dec.2024, Words: 652) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 6 […]
LatAm NRG matters: highlights, heard for the week ended 22 Nov. 2024
HOUSTON, TEXAS (Energy Analytics Institute, 22.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 22 Nov. 2024. LATIN AMERICA […]
OPEC’s Al Ghais on Oil Demand Peaking by 2030
(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 […]
Saudi Arabia Eyes Boosting Production by 1 MMb/d
(Energy Analytics Institute, 4.Oct.2024) — Saudi Arabia looks to add around 1 MMb/d of production over the next 12-15 months to reach close to 10 MMb/d […]
Saudi Arabia Signals Oil Policy Shift
(The Washington Institute, 27.Sep.2024) — The kingdom anticipates and accepts lower oil prices, according to a news report, but the impact on other producers could […]
China Provides Some Respite as Oil Prices Rise
(Rystad, 24.Sep.2024) — Oil prices are on the rise again, but OPEC’s production cut unwinding still seems far off. Here is Rystad Energy’s oil macro […]
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts
(Opec, 5.Sep.2024) — The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab […]
Election Results in Venezuela, Possible Routes Forward
(Rystad, 29.Jul.2024) —While the election in Venezuela may be over, the future is still not certain. There was a forgone conclusion that the incumbent government […]
Maduro Says Venezuela’s Economy to Grow 8% in 2024
(Energy Analytics Institute, 28.Feb.2024) — Venezuela’s President Nicolás Maduro said he expects the economy of the Opec country to grow 8% in 2024. The president […]
EAI’s NRGBriefs: January 2024
(Energy Analytics Institute, 31.Jan.2024) — Energy briefs as well as others related to finance and projects during Jan. 2024 including Washington reviewing its sanctions policy […]
Venezuela’s 2023 Oil Exports Rose, Aided by US Sanctions Easing
(Reuters, 3.Jan.2023) — Venezuela’s oil exports increased 12% last year to almost 700,000 barrels per day (bpd) as the United States eased sanctions imposed since […]
S&P Global Releases its 2024 Energy Outlook
(S&P Global, 14.Dec.2023) — Analysts at S&P Global Commodity Insights, an independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, […]
Corina Machado says Venezuela to end socialism: El Nacional
HOUSTON, TEXAS (Aaron Simonsky, Energy Analytics Institute, 24.Nov.2023, Words: 156) — Vente Venezuela national coordinator and opposition leader María Corina Machado said the next president […]
Venezuela’s October Oil Exports Fall 19% Despite U.S. Easing Sanctions
(Reuters, 2.Nov.2023) — Venezuela’s oil exports declined in October to less than 700,000 barrels per day (bpd) amid operational hiccups at the country’s main production […]
African Leaders Slam Western Energy ‘Hypocrisy’ but Financing Woes Remain
(S&P Global, 17.Oct.2023) — In a rousing performance to open African Energy Week in Cape Town, the cry went out from a young troupe of […]
Guyana not interested in joining OPEC, VP says
(Reuters, 26.Jun.2023) — Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, […]
Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions
(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s […]
OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]
(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) […]
OPEC+ Deepens Support for Saudi Call to Weigh Supply Curbs
(Bloomberg, 24.Aug.2022) — OPEC’s united front on possible action grew stronger, as more nations endorsed Saudi Arabia’s view that supply curbs may be needed to […]
Nigeria’s NNPC Renews Oil Contracts to Produce 10 Billion Barrels
(Reuters, 12.Aug.2022) — Nigeria’s state-owned oil firm NNPC Ltd on Friday renewed oil production sharing agreements with international majors and local firms for five deepwater […]
Mohammad Sanusi Barkindo: An OPEC Icon, A Dear Friend to Many
(OPEC, 6.Jul.2022) — It is with immense sorrow and sadness that the OPEC Secretariat learnt of the passing of the OPEC Secretary General, His Excellency, […]