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A service for energy industry professionals · Tuesday, May 27, 2025 · 816,566,318 Articles · 3+ Million Readers
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OPEC Venezuela News Monitoring

  • Published on 03:13 GMT

    Nigeria, Venezuela Strengthen BASA with Direct Flight Agreement to Mark 60 Years of Diplomatic Ties

    Kasim Sumaina in Abuja Nigeria and Venezuela have reaffirmed their commitment to deepening economic and diplomatic cooperation as they both reached agreement to launch a direct Abuja-Caracas flights to mark 60 years of diplomatic ties. The two oil …

    Source: This Day - Pro-Government
  • Published on 12:48 GMT

    Saudi Arabia, Kuwait Announce 'Highly Significant' Oil Discovery

    In a joint statement, which was posted on Saudi Arabia’s energy ministry website and Kuwait’s official oil ministry X account, the governments of Saudi Arabia and Kuwait announced a new oil discovery “in the Partitioned Zone”. The statement said the …

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

    Nigeria To Commence Direct Flight To Venezuela

    Nigeria and Venezuela have reaffirmed their commitment to deepening economic and diplomatic cooperation, with a direct flight from Abuja to Caracas in Venezuela. The two oil-producing nations, both members of the Organisation of the Petroleum Exporting …

    Source: Leadership - Neutral
  • Published on May 24, 2025

    US Plans Chevron License for Minimum Upkeep in Venezuela

    (Bloomberg) -- The Trump administration is preparing to issue a narrowly tailored license to Chevron Corp., allowing the oil producer to conduct minimal maintenance of essential operations in Venezuela, according to people familiar with the matter. Most …

    Source: Yahoo Finance - Center-left
  • Published on May 23, 2025

    Oil Extends Losses As Investors Weigh Possible OPEC Output Increase

    Meanwhile, Chevron braces for ouster from Venezuela: File Image/Pixabay Oil on Thursday ignored geopolitical tensions and extended its downward trajectory, with traders citing the same reasons of stockpile builds in the U.S. and the perception of …

    Source: Ship & Bunker - Neutral
  • Published on May 22, 2025

    Oil prices settle down on potential further increase in Opec+ output

    [HOUSTON] Oil prices settled lower on Thursday as investors weighed a report that Opec+ is discussing a production increase for July, stoking concerns that global supply could outpace demand growth. Brent futures settled down 47 cents, or 0.72 per cent, to …

    Source: The Business Times Singapore - Neutral
  • Published on May 24, 2025

    Middle East Crude-Benchmarks slip for second session as market expects OPEC+ supply hike

    Middle East crude benchmarks Oman, Dubai and Murban moved lower for a second session on Friday as the market expected OPEC+ to increase output for another month in July. The rising supply outlook also weighed on oil prices, with Brent and WTI declining for …

    Source: Hellenic Shipping News - Neutral
  • Published on May 22, 2025

    Oil prices settle down on potential further increase in OPEC+ output

    By Georgina McCartney HOUSTON (Reuters) - Oil prices settled lower on Thursday as investors weighed a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could outpace demand growth. Brent futures settled …

    Source: Yahoo Finance - Center-left
  • Published on May 23, 2025

    Oil prices fall amid talks of OPEC+ production increase in July

    Oil prices declined on Thursday as investors reacted to reports that OPEC+ is considering increasing production in July, raising concerns that global supply may surpass demand growth. Brent crude futures dropped 66 cents, or 1.02%, to $64.25 a barrel by …

    Source: Profit by Pakistan Today - Neutral
  • Published on May 26, 2025

    Middle East Crude-Benchmarks slide, Oman hits over two-month low

    Middle East crude benchmarks spot premiums tumbled on Monday, with that of Oman falling to its lowest level since early March, amid mounting supply outlook as the market eyed another OPEC+ output hike in July. Reuters reported earlier this month that the …

    Source: Hellenic Shipping News - Neutral
  • Published on May 26, 2025

    The Role of the Strategic Petroleum Reserve in U.S. Energy Policy

    Donald Trump plans to refill the Strategic Petroleum Reserve following historic drawdowns under Joe Biden, framing it as part of his energy dominance strategy. President Donald Trump, during his inaugural address, pledged to refill the Strategic Petroleum …

    Source: The National Interest - Washington D.C. - Right-wing
  • Published on May 26, 2025

    Tariff-related disruptions to outweigh other oil and gas themes, says GlobalData

    US tariffs and energy security are expected to remain the focal points for oil and gas trade in 2025. Tariff-induced trade tensions might exert downward pressure on the US and global economy in the near term, potentially affecting the energy demand. It is …

    Source: Hellenic Shipping News - Neutral
  • Published on May 26, 2025

    Tanker Market: The Iran – US Talks and its Implications

    The tanker market participants have adjusted their way of doing business with sanctions on Iranian oil in mind. However, this could change sooner rather than later. In its latest weekly report, shipbroker Gibson said that “since April the US and Iran have …

    Source: Hellenic Shipping News - Neutral
  • Published on May 24, 2025

    Frontline Ltd. (NYSE:FRO) Q1 2025 Earnings Call Transcript

    Frontline Ltd. (NYSE:FRO) Q1 2025 Earnings Call Transcript May 23, 2025 Frontline Ltd. misses on earnings expectations. Reported EPS is $0.15 EPS, expectations were $0.18. Operator: Good day, and thank you for standing by. Welcome to the Q1 2025 Frontline …

    Source: Insider Monkey - Neutral
  • Published on May 24, 2025

    Asia Distillates: Diesel paper market softens; ample supply concerns remain

    Asia’s middle distillates’ derivatives price structure continued to weaken on Friday, with window activity remaining thin though June offers continued from a handful of refiners. Diesel paper markets turned almost flattish for June and July, while jet fuel …

    Source: Hellenic Shipping News - Neutral
  • Published on May 23, 2025

    Trump's EU Tariff Threat Puts Oil Prices Under Pressure

    Trump's threat to place a 50% tariff on the EU has renewed demand concerns in oil markets, with both Brent and WTI set to finish the week lower. Friday, May 23rd, 2025  What seemed to be a much-needed rangebound trading week with ICE Brent hovering …

    Source: Oil Price - Neutral
  • Published on May 23, 2025

    News diary 26 May – 1 June: Russell Brand in court, disposable vape ban comes in

    A look ahead at the key events leading the news agenda next week, from the team at Foresight News. Leading the week Monday (May 26): King Charles and Queen Camilla kick off Canada visit, meeting with Mark Carney; New Romanian President Nicușor Dan expected …

    Source: Press Gazette - Neutral
  • Published on May 22, 2025

    Record Oil Output Positions Argentina as a Key Energy Player

    Exploitation of the vast Vaca Muerta shale in Argentina’s central southwest has unlocked a gargantuan unconventional hydrocarbon boom for the crisis-riven South American country. Rising oil and natural gas production from the 7.7-million-acre shale play is …

    Source: Oil Price - Neutral
  • Published on May 22, 2025

    Higher output to pressure crude oil prices

    The US and China reached an interim deal on tariffs, drastically reducing their reciprocal rates, the US also agreed on a deal with the UK, while potential ceasefire talks on the Ukraine-Russia front are getting closer. These give hope that the world is …

    Source: Financial Mirror - Neutral

06 days 07:45:51

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