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A service for energy industry professionals · Sunday, July 20, 2025 · 832,355,822 Articles · 3+ Million Readers
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Light Crude News Monitoring

  • Published on Jul 19, 2025

    Azeri Light Crude price declines

    The price of Azerbaijan’s “Azeri Light” crude oil dropped by $0.49 (0.67%) to $72.18 per barrel on a CIF basis at Italy’s Augusta port, Azernews reports, citing sources in the oil market. At Turkey’s Ceyhan port, the FOB price for a barrel of Azeri Light …

    Source: AzerNews - Gov't Propaganda
  • Published on Jul 19, 2025

    Azerbaijani Oil Moves Down In Price

    (MENAFN- Trend News Agency) BAKU, Azerbaijan, July 19. The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port fell by $0.49, or 0.67 percent, to $72.18 per barrel, a source in the oil market told Trend. At Türkiye…

    Source: MENAFN - Indeterminate
  • Published on Jul 18, 2025

    Oil Prices Slide Under Trade and Inventory Pressures

    WTI crude oil traded between a high of $68.34 and low of $64.11 before reaching $66.28 as of Thursday's close, down $0.86 or -1.28%. The price action reflected competing fundamental forces: escalating geopolitical tensions that initially supported …

    Source: Oil Price - Neutral
  • Published on Jul 18, 2025

    The Boegoeberg Blues: A small Nama tribe holds the key to the Orange Oil Basin’s future

    A landmark 2003 ruling by the ConCourt in favour of the Richtersveld community has made the still-impoverished Nama people the gate-keepers of the government’s ambitious plans to turn the Northern Cape into an energy and mining hub. Investigation and …

    Source: Oxpeckers - Center-left
  • Published on Jul 18, 2025

    Azerbaijani oil price nears $73 amid market gains

    The price of Azeri Light crude oil saw a modest increase, rising by $0.31, or 0.43%, to reach $72.67 per barrel, News.Az reports. Azeri Light recorded its lowest price of $15.81 per barrel on April 21, 2020, and its highest price of $149.66 per barrel in …

    Source: News.Az - Pro-Government
  • Published on Jul 18, 2025

    Azerbaijani Oil Scales Up In Valuation

    (MENAFN- Trend News Agency) BAKU, Azerbaijan, July 18. The price of Azerbaijan's Azeri Light crude oil delivered to Italy's Augusta port on a CIF basis rose by $0.31, or 0.43 percent, on July 17 settling at $72.67 per barrel, a source in the oil …

    Source: MENAFN - Indeterminate
  • Published on Jul 16, 2025

    This 5.5% Dividend Stock Is a Cash Flow Machine

    Canadians may be tightening their budgets this summer, but that doesn’t mean they’re cutting back on experiences. According to a new BMO survey, 77% still plan to travel, with average spending set at $3,825. While many are cutting costs or using points to …

    Source: The Motley Fool Canada - Neutral
  • Published on Jul 16, 2025

    Budget 2025 Under Threat as Nigeria Misses Crude Oil Output Target Again

    • OPEC pegs June output at 1.547m barrels/day • Bonny Light trades at $69, below $75 benchmark There are renewed concerns over the implementation of Nigeria’s N54.99 trillion 2025 budget, following a fresh disclosure by the Organisation of Petroleum …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on Jul 16, 2025

    CNOOC Marks Another Breakthrough in Buried Hills Exploration in SCS

    CNOOC Ltd. said Wednesday it had achieved another “major breakthrough” in the exploration of buried hills in the South China Sea after drilling 3,362 meters (11,030.18 feet) deep in the Weizhou 10-5 South field. The field is in the Beibu Gulf, or the Gulf …

    Source: Rigzone - Neutral
  • Published on Jul 17, 2025

    Azeri oil drops over 2% in international markets

    Azeri oil drops over 2% in international markets 17 July 2025 10:21 (UTC+04:00) The price of Azerbaijan’s “Azeri Light” crude oil on a CIF basis at Italy’s Augusta port has decreased by $1.70 or 2.3% compared to the previous figure, reaching $72.36 per …

    Source: AzerNews - Gov't Propaganda
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  • Published on July 20, 2025 - 07:07 GMT

    Massive Fire Breaks Out at Oil Refinery in Iran

    (MENAFN) A significant fire broke out on Saturday at the Abadan oil refinery located in Iran’s southwestern Khuzestan province, according to an Iranian news outlet. Nine firefighting teams rushed to the scene to battle the blaze, which originated in unit …

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  • Published on July 20, 2025 - 03:04 GMT

    UK, EU Reduce Russian Oil Price Cap

    (MENAFN) The United Kingdom and European Union on Friday jointly declared a major cut in the price ceiling for Russian crude oil exports, aiming to strike at "targeting Putin's critical oil revenues." This ceiling has dropped from $60 to $47. …

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