Trending News: Petronas Sees No Disruption from Mideast War for NowAtlas Copco expands US footprint with Cypress DealBlackRock, EQT To Acquire AES Corp. in $33.4B DealChevron Declares Force Majeure as Israel Shuts Leviathan Gas FieldU.S. Gasoline Tops $3 as Iran Conflict Sends Fuel Prices HigherTop 5 impacts from Qatar LNG shutdownTop 5 impacts from Qatar LNG shutdownUS Not Currently Discussing Sale of Oil From SPR, Source SaysHow Have US Presidents Tapped the Strategic Petroleum Reserve During War?Global Gas Markets Shocked as Qatar Ceases LNG ProductionShipping Costs Surge as Insurers Drop War Risk Protection in GulfUS Gasoline Prices to Rise After Attack on Iran, Analysts WarnBerkshire CEO Abel Seeks to Reassure Shareholders After Taking Baton From BuffettVenture Global’s Quarterly Core Profit Nearly Triples on Higher LNG Sales VolumesPodcast | Qatar pauses LNG and the Strait of Hormuz closureDiesel Jumps 17%, Outpacing Crude Oil After Weekend ConflictFire Disrupts Operations at Ecuador’s Biggest RefineryPakistan Reroutes Oil Supply as Strait of Hormuz Crisis EscalatesDrone Strike Halts Saudi Arabia’s Largest Oil RefineryHelium: gasworld webinar to assess impact of Gulf crisisMeritus expands DFW footprint with Greens Welding Supply dealEurope CO2 market confidence creakingVideo | Hormuz closure: why helium is exposedOil, Gas Prices Surge as Iran Conflict Disrupts Middle Eastern FlowsSouth Bow Plan to Revive Parts of Keystone XL Needs Trump Approval, US Oil Pipeline LinksEthiopia’s Solar and Storage Leaders Gather for a Landmark First Edition, Execution Takes Centre Stage in Addis AbabaGoldman: Asian and European LNG Prices Could Jump 130%Ukrainian Drones Strike Major Russian Oil Export Hub on Black SeaIndia Mulls Return to Russian Oil as Iran War Halts Middle East FlowsTop Stories Of The Day: SECI Concludes 125 MW BESS; SQ India Latest Issue Out; and More…Jharkhand Renewable Energy Development Agency Floats RFP for 9 MW Solar Power Project in PalamuQatarEnergy stops LNG production as Gulf crisis escalatesHEX Battery Project In Worcester Stabilizes Grid, Supports Farms, And Marks Africa’s First Utility-Scale Energy Storage MilestoneIberdrola Opens Applications For Its 2026–2027 International Master’s Scholarships As It Marks 125 Years And Expands Talent Development In Key Energy FieldsTauron Ciepło Begins Building 3.58 MW Solar Farm At Former CHP Site In Bielsko-Biała To Cut CO₂ Emissions By Over 2,200 Tonnes AnnuallyCitaglobal Bhd To Raise RM42.09 Million For Renewable Energy Expansion And Pahang Land AcquisitionSWAYAMURJA Bags Solar O&M Excellence Award at Maharashtra Confex 2026OPEC+ Approves Modest Output Hike as Iran War Jolts Oil MarketsOil Prices Soar Amid Escalating Middle East ConflictAnalysts See $100 Oil on Strait of Hormuz DisruptionOil Could Pass $100 as Strait of Hormuz Traffic HaltsEBRD President Odile Renaud-Basso To Visit Türkiye From 2–6 March 2026 For High-Level Meetings In Ankara And Istanbul, Reinforcing The Bank’s Commitment To The Country’s Economic Resilience And Private-Sector GrowthVantage Capital Invests R635 Million In Solarafrica’s C&I Energy PortfolioWithin 30 Days! Sineng Electric Powers Qinghai 700MW PV Project to Full Grid ConnectionIberdrola France Sells 118 MW Wind and 639 MW Wind-Solar Pipeline To Technique Solaire As Part Of Global Strategy ShiftSECI Concludes 125 MW/500 MWh Standalone BESS Auction In OdishaChart Industries posts 13% order growth ahead of Baker Hughes dealTNGECL Invites Bids For 20 MW Rooftop Solar Projects On Government Buildings In Tamil NaduAttacks on Iran threaten helium supplySponsored content: Air Products Membrane Solutions biogas cycle optionsSponsored content: Air Products Membrane Solutions biogas cycle optionsDisruptions to Gulf LNG will raise competition between Asia and EuropeResilience must anchor power systems to meet 2026 energy demandOriental Weavers Secures Carbon Verification and Expands Solar to Advance DecarbonizationMSERC Releases Draft 2026 Regulations to Boost Distributed Renewable Energy in MeghalayaCERC Disposes Petition on 300 MW Connectivity and Energy Storage Expansion at Bikaner-IIOPEC+ Weighs Shock Output Surge as Iran Conflict Rattles Oil MarketsNorthern Solar Records Strongest Quarter on EPCC Growth and Solar ATAP MomentumGERC Initiates Public Consultation On Tariff For 16 MW Mora Solar Project In GujaratIGBC Hosts Green Assam Conclave 2026 to Drive FAR-Linked Green Building Growth in Northeast IndiaLineage Power Delivers 100th Containerized BESS, Boosting India’s Grid-Scale Energy Storage CapacityGSECL Seeks GERC Approval For 14 MW Solar Project Tariff In Morbi, GujaratThe Real Barriers to Power Sector Carbon CapturePOWER DIGEST [March 2026]U.S. Crude Daily Average Production Falls in December as Bakken Leads PullbackSRS to construct Romanian reactor research facilitiesIAEA: Nuclear diplomacy is hard, but never impossibleLargest module installed at second Lufeng unitFirst concrete poured for new capacity at Kaiga in IndiaKey Things to Know About the US-Israel Conflict With TehranOil Jumps 10% on Iran Conflict and Could Spike to $100 a Barrel, Analysts SayUS Not Planning to Tap Strategic Reserve as Iran War Risks Oil Surge, FT SaysThree Tankers Damaged in Gulf as US-Iran Conflict EscalatesGermany Plans to Scrap Subsidy for Small-Scale Rooftop SolarIran and Gulf attacks spark LNG, helium and insurance concernsIran and Gulf attacks spark LNG, helium and insurance concernsOPEC+ to boost oil production 206,000 bpd as Iran conflict threatens supplyOil markets on edge after Trump strike on Iran threatens Hormuz flowsMarket Analysts React to US-Israel Strikes on IranGulf Oil Producers Open the Taps as Iran Risk Premium BuildsTankers Halt Near Hormuz After AttacksU.S., Israel Launch Attacks on Iran – Israel Shuts Down Gas FieldsHow US-Iran Tensions Could Shape World MarketsWATCH: President Trump Make Statements on United States Military Combat Operations in IranJVVNL Allows Hybrid Inverters For Rooftop Solar Systems In RajasthanPace Digitek Achieves 100th BESS Container Milestone, Boosting India’s Grid-Scale Storage CapacityIraq Launches 1 GW Basra Solar ProjectIndia Advances Multi-Source Energy Transition with Renewables, Green Hydrogen, Nuclear Reforms and Digital InfrastructureESCAP Launches Just Energy Transition Initiative for Southeast AsiaL&T Secures Major Power Transmission Orders In India And Middle EastDigital Edge Signs 83 MW Solar PPA, Launches Recycled Water Cooling At Navi Mumbai Data CenterIRENA Launches Solar PV Supply Chain Cost Tool to Guide Global Manufacturing Strategies—ReportIREDA Calls for Enabling Policy Framework to Accelerate Green Infrastructure Financing through GIFT IFSCDEWA Explores Renewable Energy Cooperation with Germany’s Saarland MinisterNHPC Raises ₹2,000 Crore Through 15-Year AH Series Bond Issuance At 7.29% CouponTSECL Invites EOI For 50 MW/200 MWh Standalone BESS Projects In TripuraGlobal Top Five Solar PV Cell Shipments Climb 19.8% In 2025 As Topcon Dominates MarketSaudi Electricity Company Rebrands as Saudi Energy, Strengthening Grid Reliability, Energy Storage Expansion and Vision 2030 AlignmentYokogawa Releases OpreX Pressure Transmitter EJX S SeriesUS Drillers Cut Oil and Gas Rigs For First Time in Six Weeks, Says Baker Hughes

Oil Majors Suffering From OPEC+ Output Hike, Not From U.S. Tariffs, Eni Exec Says

Business & Policy
April 4, 2025

CERNOBBIO, Italy, April 4 (Reuters) – Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni’s (ENI.MI) top executive Francesco Gattei said on Friday.

He added that energy groups could react to the possibility of tariffs denting global economic growth, reducing demand for power.

The actual increase in OPEC+ production could result lower than announced when taking into account a stricter U.S. embargo on Venezuela and the potential drop in Kazakhstan’s oil flows, Gattei added, speaking on the sidelines of a business conference.

Reporting by Giancarlo Navach; writing by Francesca Landini, editing by Giulia Segreti