The eight OPEC+ member countries decided to raise oil production by 547,000 barrels per day (bbl/d) in September 2025 from the August 2025 required production level. This adjustment was the result of the steady global economic outlook and current healthy market fundamentals.
OPEC+ member countries are predicted to approve more oil production on Sunday, noting that the members are still discussing the final increase for September.
Two sources from the Indian government stated that the country will continue to buy oil from Russia despite U.S President Donald Trump's warnings to impose more penalties, Reuters reported.
The sources confirmed that there is no change in the country's plans for oil purchases, attributing this to the long-term contracts it has signed. They also noted that India receives the oil at lower prices than those determined by the European Union (EU). They also elaborated that this helps keep oil prices without increases.
Shell, the British oil giant, recorded $11.937 billion in Cash Flows
From Operations (CFFO) in the first quarter of 2025, compared $9.281 billion in the same quarter of 2024," reflecting strong operational performance in a less favourable macro environment," according to a Shell statement. .
Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar announced that the country will start to transport natural gas from Azerbaijan to Aleppo in Syria to boost electricity grid in the latter. The minister explained that the natural gas will be exported via Kilis to Syria with Qatar financial assistant.in as cooperation with Qatar in the operation. He noted that the daily supply will allow enlightening Northern Syria from 3-4 hours to 10 hours per day.
Halliburton, a leading global provider of oilfield services and technologies, launched the LOGIX™ automated geosteering system, a component of its broader LOGIX™ automation and remote operations portfolio. A geosteering system is a technology that uses during drilling to steer the wellbore in real time, ensuring it stays within the most productive part of the reservoir. This is not the first technology that Haliburton introduces and integrates into its operations. Previously, the company introduced QuickPulse™, an automated directional gamma service that significantly enhances real-time geosteering and drilling accuracy.
SLB, the global energy technology company, launched the new technology "OnWave" which is an autonomous logging platform which enables operation efficiency through providing more efficient and reliable evaluation measurements of a well's formation at any condition. The technology 'is the first of its kind' and works without a wireline unit or a wireline cable, which are normally needed to lower tools into wells for data collection, maintenance, and intervention during oil and gas operations.
Baker Hughes, the global oil and gas innovations supplier, is about to acquire Chart Industries, a U.S-based industrial manufacturing company working in gas-handling systems, through a deal worth $13.6 billion, Reuters reported. Sources said the transaction is expected to be announced in the coming days, though they noted that the agreement is not yet final.
Abdulaziz bin Salman, Saudi Arabia's Minister of Energy, signed a memorandum of understanding (MoU) with Mohammad Al-Bashir, Syria's Minister of Energy, to expand energy cooperation between the two countries. The MoU covers the fields of petroleum, gas, petrochemicals, electricity, power interconnection, and renewable energy.
Qatar has sent a letter to the Belgian government, warning that it may halt gas exports to the European Union (EU) in response to EU’s issuing of bloc's due diligence directive law on forced labour and environmental harm. In the letter, Qatari Energy Minister Saad al-Kaabi stated that if changes are not made to the EU's corporate sustainability due diligence directive (CSDDD), they will find other stable markets for their products.
