OPEC+ Nations Increase Oil Output to Bolster Market Stability

OPEC+ Nations Reaffirm Oil Production Strategy for Market Stability In early April 2025, eight OPEC+ members (Saudi Arabia, Russia, Iraq, UAE, Kuwait...

China’s Oil Refiners Ramp Up Exports Amid Weak Domestic Demand

Chinese Oil Refiners Ramp Up Exports Amid Weak Domestic Demand On January 22nd, a major milestone was achieved as China Petroleum Engineering &...

UAE Urges OPEC to Acknowledge Climbing Global Oil Demand

UAE Pushes OPEC to Reassess Oil Output as Demand Rises Market Shifts Demand Fresh Thinking Amid dynamic global energy shifts, the United Arab Emirates...

Global LNG Demand Faces Deep Uncertainty Amid Looming Supply Surge

Global LNG Demand Faces Deep Uncertainty Amid Looming Supply Surge Introduction The global liquefied natural gas (LNG) market is entering a period of...

Oil Prices Stabilize Amid Market Uncertainty

Oil Prices Stabilize Amid Market Uncertainty Market Overview Crude oil prices have exhibited limited movement over the past two weeks, reflecting a...

CPECC Launches Major Water Injection Project at Iraq’s West Qurna-1 Oilfield

https://vastlyoil.ae/wp-content/uploads/2025/05/Gen-4-Turbo-1977223811.mp4 CPECC Launches Major Water Injection Project at Iraq’s West Qurna-1...

Lost and Found: IEA Rediscovers Oil Barrels

IEA Revises Oil Demand Upward Again, Missing Barrels Reappear The International Energy Agency (IEA) has once again identified its so-called missing...

IEA Gradually Shifts Stance on 2030 Peak Oil Demand Forecast

The International Energy Agency’s (IEA) Global EV Outlook 2025, released this week, presents further signs that the Agency is retreating from its...

OPEC Daily Basket Price $61.80 per Barrel – Wednesday, 8 May 2025

Vienna, Austria, 8 May 2025, The price of the OPEC basket of twelve crudes stood at $61.80 per barrel on Wednesday, compared with $61.88 the previous...