Real-time Financial News

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2025-07-05 Saturday
  • 23:28:09

    OPEC representative: OPEC + reached an agreement to extend the production cut agreement until 2024.

  • 23:27:22

    Energy Intelligence Group reporter Amona Bakr broke the news that Saudi Arabia will further voluntarily cut production.

  • 23:25:16

    If the new production baseline is approved, OPEC+ could agree to roll over the 2023 policy and continue to cut output in 2024, two sources said.

  • 23:19:06

    OPEC delegates: OPEC+ ministers begin official meeting.

  • 23:14:59

    Amona Bakker, Energy Intelligence Group reporter: The difference between Nigeria and other OPEC+ members is whether it can accept lower baseline production.

  • 23:12:52

    According to the Islamic Republic News Agency (IRNA): A fire broke out in a warehouse near Mashahad, Iran.

  • 23:10:50

    European Mediterranean Seismological Center: A 5.0-magnitude earthquake struck the Molucca Sea.

  • 22:53:56

    Amona Bakker, Energy Intelligence Group reporter: OPEC+ talks continue and Nigeria appears to be against further production cuts.

  • 21:49:12

    After four hours of informal talks, OPEC+ ministers still need to iron out differences over production cuts, sources said.

  • 21:23:20

    NATO Secretary-General Stoltenberg: Sweden still has time to join NATO before the Vilnius summit in mid-July.

  • 21:20:28

    NATO Secretary-General Stoltenberg: In agreement with Turkish President Erdogan, Sweden, Turkey and NATO will meet again in the week of June 12.

  • 20:58:10

    According to Interfax: Gabonese Republic of Oil and Gas Minister Vincent Massassa also left the OPEC building.

  • 20:27:36

    The Saudi stock exchange will be closed from June 25 to 29 due to the Eid al-Fitr holiday.

  • 20:19:00

    OPEC+ representatives said OPEC+ ministers were still negotiating production quotas for Africa (oil-producing countries).

  • 19:57:20

    Energy Intelligence Group reporter Amona Bakker: OPEC+ representatives said that the production cut plan will be further discussed at the OPEC+ ministerial meeting.

  • 19:55:52

    OPEC+ representatives said not all members agreed with the idea of further cuts.

  • 19:26:02

    Amona Bakker, Energy Intelligence Group reporter: OPEC+ held talks on further production cuts, according to delegates to the OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting.

  • 19:23:10

    The OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting started, OPEC+ representatives said.

  • 17:50:00

    The 35th OPEC and non-OPEC ministerial meeting will be held in ten minutes.

  • 17:24:44

    Amona Bakker, Energy Intelligence Group reporter: OPEC members contacted their governments overnight to get final government approval for baseline oil production.

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