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A service for energy industry professionals · Wednesday, May 28, 2025 · 816,914,779 Articles · 3+ Million Readers
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OPEC & Crude Oil News Monitoring

  • Published on 14:18 GMT

    Crude Oil: OPEC+ Supply Clash With Rising Russia Sanction Risk

    Oil is firmer this morning amid the prospect of further sanctions against Russia, overcoming yesterday’s downward price pressures Energy- Sanction Risks Grow Crude oil prices came under pressure yesterday, with US Dollar strength providing some headwinds …

    Source: Investing - Neutral
  • Published on 19:29 GMT

    OPEC+ alliance holds oil quotas ahead of July output review

    A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024.  Maxim Shemetov | Reuters OPEC+ countries on Wednesday agreed to leave their …

    Source: CNBC - Neutral
  • Published on 06:47 GMT

    ICE cotton falls on strong dollar, weak crude oil

    ICE cotton futures declined on Tuesday, pressured by a stronger US dollar and weakening crude oil prices. A stronger dollar makes US cotton more expensive for overseas buyers, reducing demand, while cheaper crude oil lowers polyester prices, intensifying …

    Source: Fibre 2 Fashion - Pending
  • Published on 14:29 GMT

    Oil prices in global markets amid anticipation of the “OPEC+” meeting

    Facebook Twitter LinkedIn WhatsApp The price of oil is a vital indicator that directly impacts the global economy and financial markets. The price per barrel influences numerous sectors, from the automotive and energy industries to agriculture and …

    Source: Tunisie Numerique - Neutral
  • Published on 16:49 GMT

    OPEC+ Adopts Plan for 2027 Baselines

    OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production. The 39th OPEC and non-OPEC Ministerial Meeting was convened in light of the continued commitment of the participating countries in the Declaration of …

    Source: Asharq Al-Awsat - Pro-Government
  • Published on 14:56 GMT

    The Commodities Feed: OPEC+ supply vs. Russia sanction risk

    Energy- Sanction risks grow Crude oil prices came under pressure yesterday, with USD strength providing some headwinds for the market. Participants are taking a wait-and-see approach to Saturday’s OPEC+ meeting, when members will decide on July output …

    Source: Hellenic Shipping News - Neutral
  • Published on May 27, 2025

    Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns

    Open this photo in gallery:The Organization of the Petroleum Exporting Countries and its allies will likely finalize July output at a meeting this week, which sources have said will entail a production increase of 411,000 barrels of oil a day.Maxim …

    Source: The Globe and Mail - Neutral
  • Published on May 27, 2025

    Iraq ranks second among OAPEC crude oil exporters in Q1 2025

    2025-05-27T14:55:52+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq ranked as the second-largest crude oil exporter among the member states of the Organization of Arab Petroleum Exporting Countries (OAPEC) during the first quarter of 2025. …

    Source: Shafaq News - Indeterminate
  • Published on May 27, 2025

    Crude Oil Steadies After Slide, but Supply Surge Clouds Long-Term Outlook

    Crude oil prices stable recently as traders weigh if bearish news is fully priced in. OPEC+ plans production increase in June amid rising supply, limiting crude’s upside potential. Tariff pauses ease demand concerns, but supply fears keep oil prices under …

    Source: Investing - Neutral
  • Published on May 27, 2025

    Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns

    Iranian and US delegations wrap up fifth round of talks * OPEC+ set to agree on July oil output hike this week, sources say * President Trump's trade reprieve helps support prices HOUSTON, May 27 (Reuters) - Oil prices settled 1% lower on Tuesday as …

    Source: London South East - Neutral
  • Published on 00:59 GMT

    Week ahead: International trade, Ukraine, OPEC+ in focus

    Regarding the former, on Friday the US president said that Washington would levy a 50% tariff on all EU goods starting 1 June, but later postponed any increase until 9 July after Brussels asked for more time to negotiate. As regards Ukraine, there is a …

    Source: ShareCast - Neutral
  • Published on 00:12 GMT

    Rig Count Tanks, Oil Slumps—OPEC+ Says ‘Full Speed Ahead’

    OPEC+ will press on with its plan to increase its oil production quotas for the month of July, anonymous sources have told Reuters—with the group staying the course despite the low oil price environment. OPEC has long argued that it makes output decisions …

    Source: Oil Price - Neutral
  • Published on May 27, 2025

    Crude Prices Cool As US-Iran Talks, OPEC+ Plans Ease Supply Concerns

    At the time of writing, U.S. West Texas Intermediate (WTI) futures were down 1.33%, at $60.71 per barrel. Crude oil prices cooled more than 1% on Tuesday as talks between the U.S. and Iran on a nuclear deal and OPEC+’s plans eased supply concerns. At the …

    Source: myMotherLode - Pending
  • Published on May 27, 2025

    Crude oil futures fall as market anticipates OPEC+ supply increase

    Crude oil futures traded lower on Tuesday morning on expectations of a further increase in supplies from OPEC+ in July. At 9.58 am on Tuesday, August Brent oil futures were at $63.98, down by 0.22 per cent, and July crude oil futures on WTI (West Texas …

    Source: The Hindu Business Line - Neutral
  • Published on 14:18 GMT

    Oil Markets Gain Ground on Venezuela Export Uncertainty

    Oil prices moved higher in early trading sessions, buoyed by renewed concerns over Venezuela’s crude supply outlook. The upward pressure, however, was tempered by expectations that OPEC+ will maintain a cautious approach to production increases, …

    Source: Investing - Neutral
  • Published on May 27, 2025

    Oil Prices Under Pressure As OPEC+ Mulls Further Supply Boost

    Oil prices are hovering around $60 a barrel, but prices could fall as OPEC likely to raise supply. Analysts expect OPEC+ to go ahead with a production increase of 411,000 barrels daily for July. Drilling activities in the US have suffered due to low WTI …

    Source: myMotherLode - Pending
  • Published on May 27, 2025

    Oil Markets Focus on OPEC+ as Geopolitical Catalysts Cool

    Oil markets will be fully focused on OPEC+ this week after talks between Russia and Ukraine appeared to break down, the U.S. negotiations with Iran stalled, and Trump delayed his trade war with the EU until July. - As the US hurricane season officially …

    Source: Oil Price - Neutral
  • Published on May 27, 2025

    Crude Appears to be Consolidating as Markets Await OPEC+ Meeting

    Crude prices appear to be consolidating around the $65 per barrel level as markets await the upcoming OPEC+ meeting, Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB), said in an oil report sent to Rigzone by the SEB team on …

    Source: Rigzone - Neutral
  • Published on May 26, 2025

    Reasons Why Indonesian Crude Oil Price is Getting Cheaper

    TEMPO.CO, Jakarta - The average price of crude oil in Indonesia or Indonesia Crude Price (ICP) in April 2025 decreased to 65.29 United States dollars per barrel. The average price of crude oil in Indonesia in April 2025 was determined in the Minister of …

    Source: Tempo.co - Neutral

05 days 07:38:57

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