Oil Prices News Monitoring

Oil Prices Plunge As OPEC+ Confirms Output Hikes Amid Trump Pressure

It’s real this time… While we have seen numerous examples of ‘strawman’ headline leaks from OPEC meetings in the past to test the market’s reaction to various scenarios, it appears this one is real as OPEC just issued a statement confirming the outout …

Oil Prices Fall as OPEC+ Increases Production and Trade Tensions Escalate

Oil prices continued their decline on Tuesday following reports that OPEC+ plans to stick to its production increase plan for April, while markets brace for the impact of U.S. tariffs on Canada, Mexico, and China, as well as retaliatory tariffs from …

Latest crude oil price drop threatens Nigeria’s revenue and naira stability 

Crude oil prices dipped on Tuesday after the U.S. government implemented fresh tariffs, raising concerns about global trade tensions and their potential impact on fuel demand. Brent Crude fell to $70.5 per barrel, while West Texas Intermediate (WTI) …

Heritage Petroleum CEO urges Guyana to monitor oil prices amid market volatility

ERIK Keskula, the Chief Executive Officer (CEO) of Trinidad-based Heritage Petroleum, has underscored the need for Guyanese authorities to closely monitor global oil price fluctuations. During his first visit to Guyana last month for the 2025 Guyana Energy …

Global crude oil price declines to $70 per barrel — lowest since October 2024

Global oil prices, on Tuesday, tanked to about $70 per barrel for the first time since October 2024. Brent crude declined by 1.2 percent to $70.76 a barrel while US West Texas Intermediate (WTI) crude declined by 0.86 percent to $67.77 at 06:04 am. The oil …

BMI keeps Brent crude oil price projection at US$76 per barrel in 2025

KUALA LUMPUR: BMI, a unit of Fitch Solutions, has maintained its 2025 forecast for Brent crude at an average of US$76 per barrel (bbl), slightly lower than the average of US$80/bbl in 2024. In its oil price outlook report released today, it noted that …

Goldman sees downside risk to oil price forecasts for 2025/2026

(Reuters) - Higher than expected crude supply and a likely demand hit due to softer U.S. activity and tariff escalation pose downside risks to oil price forecasts, Goldman Sachs said in a note dated Monday. The bank forecasts Brent oil to average $78/$ …

Crude Oil Prices Rise As Hopes For Peace Deal Fade

Crude oil prices climbed as investors reacted to renewed geopolitical tensions. Brent crude rose by 0.37%, trading at $72.69 per barrel, while the U.S. benchmark, West Texas Intermediate (WTI), increased to $69.53 per barrel. The rise in oil prices …

Oil Prices Slide As OPEC+ Moves To Raise Output

March 04, (THEWILL) – Oil prices tumbled to a 12-week low on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, confirmed plans to increase oil production in April. Brent crude dropped by …

Basrah crudes drop, mirror global oil prices

2025-03-04T07:10:35+00:00 font Enable Reading Mode A- A A+ Shafaq News/ On Tuesday, Basrah crude oil prices edged lower with a decrease in global oil prices. Basrah Heavy crude fell 97 cents or 1.34% to $71.18 per barrel, and Basrah Medium crude by 97 …

Saudi Aramco Slashes Dividend as Profit Dips on Lower Oil Prices

Saudi oil giant Aramco on Tuesday reported a drop in 2024 profits and guided for a 30% lower total dividend for this year, which would further strain the finances of the Kingdom of Saudi Arabia. Aramco, the world’s single biggest crude producer and …

Oil prices to fall amid calmer Middle East

US tariffs are likely to affect demand for oil PUBLISHED : 4 Mar 2025 at 05:24 Global prices of crude oil, together with prices of key oil and petrochemical products, are likely to fall in the first quarter and throughout the first half amid fewer …

Open soybean oil price fixed at Tk 160 per litre in Chattogram 

The price of open soybean oil has been fixed at Tk 160 per litre at the retail level in Chattogram, effective from today.  The decision was made at a meeting organised by the Chattogram district administration at the Chattogram Circuit House, with …

Brent oil price drops to $71

During the trading operations at the ICE London Intercontinental Exchange, the value of the May 2025 contract for the export of "Brent" oil decreased by 0.63%, reaching 71.17 US dollars per barrel, APA-Economics reports. The price of WTI crude …

Kuwaiti oil price down to USD 76.13 pb

KUWAIT, March 4 (KUNA) -- The price of Kuwaiti oil barrel decreased by 85 cents to USD 76.13 per barrel (pb) on Friday, compared to USD 75.98 pb on Monday, said Kuwait Petroleum Corporation (KPC) on Tuesday. In international markets, Brent crude oil went …

Azerbaijani oil price sees slight decrease

A protocol has been signed regarding the results of the General Assembly meeting of the "Trans-Caspian International Transport Route" (TITR) International Association of Legal Entities in Baku, APA-Economics reports. The meeting was attended by …

Oil prices drop by up to P 1.40

Pump prices are dropping for the first week of March with oil companies Jetti Philippines, Caltex, Seaoil, PetroGazz and Cleanfuel announcing a 90-centavo cut in the price per liter of gasoline effective Tuesday. The prices per liter of diesel and kerosene …

Iran raises crude oil prices for Asian buyers in March

TEHRAN - Iran has increased the price of its light crude for Asian customers for the second consecutive month, setting it at approximately $4.5 per barrel above the Oman/Dubai benchmark, the National Iranian Oil Company (NIOC) announced. According to …

Oil Prices Drop Again. These Stocks Are Getting Hit.

Erie-Based Vorex Extends Its Impact Across the Globe, Supporting Critical Efforts in Ukraine

Vorex Extends Its Impact Keeping Ukraine Warm ERIE, PA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- As the war in Ukraine continues, Vorex, a leading oil and gas supply company, helps people of Ukraine stay warm, connected, and resilient. …

Lords Of Fortune Launches Abundantia LP US Fund to Market Treasure from the 1909 Shipwreck RMS Republic

The fund expects to limit initial investment to $8.5 million and expects to quickly grow to USD 3.5 billion AUM with its recovery of rare gold coin cargoes. MIAMI BEACH, FL, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- Dubbed "modern …

EACR, Inc. Leads the Way in Comprehensive Battery Recycling

EACR, Inc. Welcomes All Battery Types and Prioritizes Environmental Sustainability ATLANTA, GA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- EACR, Inc., a pioneering force in the battery recycling industry, is proud to announce its continued …

Arizona Partnership Formed to Support Public Safety

PHOENIX, AZ, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- Metal theft continues to pose a significant threat to infrastructure, services, and public safety. In response, End Metal Theft and Lighting Unlimited are proud to have formed a …

Hydrogen Storage Market to Witness Significant Growth Amid Energy Transition

The global hydrogen storage market holds high growth potential, driven by its role in advancing hydrogen and fuel cell technologies for power and transportation WILMINGTON, DE, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- The hydrogen …

The Largest 'Power Charity Classroom' Donation in Ningxia Unveiled at Yanchi Great Wall Hope Primary School

NINGDONG, NINGXIA, CHINA, March 4, 2025 /⁨EINPresswire.com⁩/ -- On February 26, Yanchi County Second Primary School (Yanchi Great Wall Hope Primary School) held a ceremony to unveil the "Power Charity Classroom" and the "STATE GRID …

VIE Technologies Secures $15 Million Series A Led by Energy Impact Partners

VIE Technologies raises $15M Series A, led by EIP, to transform transformer monitoring with the industry's first AI-powered predictive maintenance solution. SAN DIEGO, CA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- VIE Technologies, …

Energy and Commodities Consulting Firm capSpire Poised for Transformative 2025

capSpire building on achievements and milestones, solidifying its reputation as a trusted partner for companies trading in energy and commodities. TULSA, OK, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- capSpire, a leading technology …

Aditya Bhatia on Building Critical Resilient AI and Cloud Infrastructure at Scale Across Leading Tech Giants

Aditya Bhatia discusses scaling AI and cloud infrastructure, tackling security, resilience, and innovation across leading technology firms. SAN FRANCISCO, CA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- In a recent interview with AI Time …

East Asia Refuse-Derived Fuel (RDF) Market Poised for Growth, Projected to Reach US$ 537 Million by 2034

Analysis of Refuse-Derived Fuel (RDF) Industry Covering Countries Includes Analysis of China, Japan, and South Korea MD, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- The refuse-derived fuel (RDF) industry in East Asia is experiencing …

Smart Society Ventures Releases Whitepaper on Energy, Data Centers and The Built Environment

GENEVA, SWITZERLAND, March 4, 2025 /⁨EINPresswire.com⁩/ -- Smart Society Ventures (SSV) is proud to announce the release of its latest whitepaper, Building a Smart Society: Energy, Data Centers, and the Built Environment. This in-depth research …

MELTRIC Exhibits Electrical Safety Focused Plugs and Receptacles at IEEE IAS Electrical Safety Workshop 2025

MELTRIC Corporation to exhibit at IEEE IAS Electrical Safety Workshop (ESW) 2025, March 4-7, 2025, booth 214. FRANKLIN, WI, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- MELTRIC Corporation, a leader in safe and reliable electrical …

Thomas Oilfield Launches New Supply Division Using Vroozi Procure-to-Pay Platform

Direct materials procurement innovation creates new revenue stream while reducing supply chain risk LOS ANGELES, CA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- Vroozi, the intelligent procure-to-pay platform, today announced that Thomas …

75% of businesses will invest in AI this year - but data quality issues threaten their ambitions

51% of companies will invest over 10% of their technology budget on AI initiatives. Nearly all (98%) have suffered with AI-related data quality issues. PHOENIX, AZ, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- While 74% of businesses …

Industrial Refrigeration Systems Market To Hit USD 35,059.7 Million by 2033

Industrial Refrigeration Systems Market size is expected to be worth around USD 35,059.7 Mn by 2033, from USD 22,148.3 Mn in 2023, at a CAGR of 4.7%. NEW YORK, NY, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- The global Industrial …

Lithium Ion Battery for Energy Storage Systems Market Report: USD 61,337 Million by 2033 at 27.1% CAGR

Lithium Ion Battery for Energy Storage Systems Market size is expected to be USD 61337 Mn by 2033, from USD 5,575.3 Mn in 2023, at a CAGR of 27.1% NEW YORK, NY, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- The global Lithium Ion Battery …

Wind Turbine Blade Inspection Services Market Projected To Witness Substantial Growth, 2025-2032 | Intertek Group Plc

CA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- The latest competent intelligence report published by Coherent Market Insights with the title "An Increase in Demand and Opportunities for Global Wind Turbine Blade Inspection Services …

AI Energy Expert Reasons Jevon Paradox Will Drive AI Voracious Demand for Power

PENN VALLEY, PA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- The US power grid is undergoing massive change. Rich DiClaudio, an energy expert for over four decades, likens the grid's plight to a perfect storm. Many factors involve the …

Vehicle-to-Grid (V2G) Market Surges Towards $15.03 Billion by 2031, Powering the Future of Energy | says AMR

Significant surge in demand for electric vehicles, rapid industrialization, increase in urbanization, and prevalence of government initiatives for development. OREGON, DE, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- According to a new …

CEATI Selects InnovationWorks to Empower Collaboration Across 165 Utilities & Advance Innovation Across Power Industry

The Two-Year SaaS Agreement Will Scale Innovation to Address Grid Modernization Challenges RALEIGH, CA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- InnovationForce, the leader democratizing innovation management with AI, has closed a two- …