OPEC & Oil Price News Monitoring

Oil prices fall on easing Middle East risks

HOUSTON :Oil prices fell on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August. Brent crude futures were down 13 cents, or 0.2 per cent, to $67.64 a barrel at 1:10 p.m. EDT (1710 GMT), ahead of the August …

Oil prices plummet as demand falls amid supply glut

Oil prices remain in a precarious state, caught in a perfect storm of rising supply and faltering demand. After a fleeting spike above $80 per barrel in mid-June, driven by Middle East tensions, Brent crude has tumbled to $67.76, with the September …

Oil Prices See Uptick as Weaker Dollar Fuels Demand

(MENAFN) Oil prices saw a modest uptick on Monday, as traders sought to capitalize on last week's declines while a weaker US dollar fueled demand. Brent crude, the global benchmark, gained 0.37%, reaching $66.58 per barrel at 10:32 a.m. local time ( …

Oil Prices Rise Amid Dollar Weakness

(MENAFN) Oil values experienced a slight increase on Monday as market participants moved to benefit from the prior week’s downward trend, with a diminishing US dollar further enhancing demand. The global yardstick, Brent crude, climbed by 0.37 percent, …

Oil prices slide to two-year low amid Iran-Israel truce

Oil posted its steepest weekly decline in two years as hedge funds ramped up bearish positions, driven by easing geopolitical tensions and anticipation of increased output from OPEC+. West Texas Intermediate crude traded around $65 a barrel, following a …

Oil prices slip on easing Middle East risks

Benchmarks poised for repeat monthly gains of more than 5% * OPEC+ plans could smother any upside in prices, says analyst * Global demand outlook remains uncertain By Seher Dareen LONDON, June 30 (Reuters) - Oil prices held steady on Monday as Middle East …

Oil Prices Dip as OPEC+ Boosts Supply | OilPrice.com

Hedge Funds Dump Energy Stocks Rapidly as Oil Price Tumbles

  Hedge funds dumped energy stocks last week, according to Goldman Sachs, which said the fall of oil prices as tensions eased in the Middle East spurred the second fastest exit in the last 10 years. The price of crude slumped by over $10 last week …

Crude oil prices may fall below $60 by year-end, says S&P Global; India to benefit

India stands to benefit from falling prices and has already reduced its dependence on the Strait of Hormuz from 55% to 41% by increasing Russian crude imports.  In a sigh of relief for India, S&P Global Commodity Insights predicts crude oil prices to …

Oil Prices Steady Ahead of OPEC+ Meeting

NYMEX-traded WTI for August fell $0.08 barrel (bbl) to trade near $65.44 bbl, and ICE Brent for August delivery slid $0.13 bbl to $67.64 bbl. July RBOB gasoline futures shed $0.0030 to $2.0868 gallon, while the front-month ULSD futures contract advanced $0 …

Oil Slips as Traders Weigh OPEC+ Hike

Oil edged down after its biggest weekly loss in two years as traders speculated on the volume of an expected OPEC+ supply hike and fears of Middle East tensions disrupting global oil flows dissipated. West Texas Intermediate crude shed 0.6% to settle near …

Oil prices off to rocky start; OPEC+ supply to rise

Oil prices started the week slightly lower, weighed by easing geopolitical tensions in the Middle East and expectations of another production increase from OPEC+ in August, which improved the outlook for global supply amid ongoing demand uncertainty. By 3: …

Oil Prices fall following easing of Middle East tensions

New York, SANA–Oil prices fell Monday as geopolitical risks in the Middle East subsided and expectations grew for a potential increase in output by the OPEC+ alliance in August, raising the likelihood of higher market supply. Reuters reported that Brent …

Oil Prices Dip as OPEC+ Boosts Supply

Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav - Jun 30, 2025, 1:57 AM CDT Crude oil prices fell at the start of the week due to an anticipated increase in OPEC+ …

Oil edges down on expectations of more OPEC+ supply, tariff fears

By Anjana Anil (Reuters) -Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an economic slowdown driven by prospects of higher U.S. tariffs. Brent crude futures for September delivery fell 16 cents, …

Oil prices fall on the prospect of more OPEC+ supplies, easing Mideast risks

The oil price fell 1% Monday, as the outlook for supply was boosted by a lowering of geopolitical risk in the Middle East. Brent crude futures dropped 66 cents or 0.97% to $67.11 per barrel at 0031 GMT ahead of the expiration of the August contract later …

Oil Prices Dip After Worst Weekly Drop In 2 Years As OPEC+ Reportedly Eyes Another Big Output Boost

Oil prices declined on Monday, following the worst weekly decline in over two years, after reports suggested that OPEC+ was considering another production hike amid easing of tensions in the Middle East. Benchmark Brent crude prices fell 0.4% at $66.56 per …

Oil steady as Middle East risks ease, OPEC+ weighs output hike

Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed on the market. Brent crude futures were flat at $67.76 a barrel at 0918 GMT, ahead of the …

Oil declines on OPEC+ supply outlook and easing Middle East concerns

2025-06-30T05:20:32+00:00 font Enable Reading Mode A- A A+ Shafaq News Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent …

Australian Government Eases Entry Into Property Market for First-Home Buyers

MELBOURNE, VICTORIA, AUSTRALIA, July 1, 2025 /⁨EINPresswire.com⁩/ -- Starting 1 July 2025, first-home buyers will benefit from updates to the Housing Australia Guarantee, an initiative designed to make entering the property market easier. This …

LightBulbSurplus.com Partners with Bulbrite to Offer Industry’s Most Extensive Line of Decorative LED and Vintage Bulbs

Bulbrite decorative LED and vintage bulbs now available for fast nationwide drop shipping direct from multiple Bulbrite warehouses via LightBulbSurplus.com. SANFORD, FL, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- LightBulbSurplus.com, a …

Utility와 건화E&C, 대한민국 청정 수소 프로젝트 공동 개발을 위한 전략적 파트너십 체결

바이오가스를 활용한 탄소 네거티브 수소 생산, ‘H2Gen® 기술’ 도입을 통해 한국 수소경제 로드맵 이행 가속화 HOUSTON, TX, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- 오프가스 기반 수소 기술을 상용화하고 있는 Utility(유틸리티)는 오늘, 대한민국의 대표적인 종합 엔지니어링 기업인 건화E&C와 **수소 생산 플랜트 공동 개발에 관한 계약(Joint Project …

Smart Summer Driving: Hot Weather Maintenance Tips for Safe, Smooth Travel

ATLANTA, GA, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- Summer road trips are a staple of the season — and with soaring temperatures ahead, a little preparation can make all the difference for you and your vehicle. Georgia’s Clean Air …

ENERGY AMERICA AND ETISA ENERGIA FORMALIZE STRATEGIC CLEAN ENERGY ALLIANCE TO DEPLOY HYBRID POWER INFRASTRUCTURE-MEXICO

SAN FRANCISCO, CA, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- In a landmark move to strengthen clean energy cooperation between the United States and Mexico, Energy America, a U.S.-based solar technology and infrastructure leader, and …

LNG Infrastructure Market Poised for Expansion Amid Rising Gas Demand

LNG infrastructure expands globally to meet rising demand and support the clean energy transition. WILMINGTON, DE, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, titled, “Solar …

Sempra Infrastructure Joins the Gulf of America Alliance Gulf Star Program

Gulf Star investment from Sempra Infrastructure will support scientists and managers to understand impacts of tropical species moving north along the Gulf coast OCEAN SPRINGS, MS, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- The Gulf of …

ECOcentrix: Empowering Sustainable Energy Since 2011

Woman-Owned, Family-Run Company Continues to Lead the Industry in Solar and Roofing Solutions Across Missouri and Illinois Since 2011. ST. LOUIS, MO, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- Woman-Owned, Family-Run Company Continues to …

Charge Rigs Welcomes Mark Gross as VP of Channel Development to Drive Strategic Growth and Expansion

Charge Rigs appoints Mark Gross as VP of Channel Development, boosting growth, dealer success, and innovation in EV infrastructure solutions. APOPKA, FL, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- Charge Rigs, a leading U.S. manufacturer …

ACCIONA ENERGÍA’S DONATES WIND TURBINE BLADE ROOT TO CARREFOUR COOP

LAMEQUE, NEW BRUNSWICK, CANADA, June 30, 2025 /⁨EINPresswire.com⁩/ -- ACCIONA Energía Energía is proud to announce the donation of a wind turbine blade root from our Lamèque Wind Farm to Carrefour Coop, a non-profit dedicated to preserving the …

Rare Earth Exchanges™ Unveils Global Heavy Rare Earth Project Rankings

New Rare Earth Exchanges rankings expose China's fragile dominance in the heavy rare earth element (HREE) sector SALT LAKE CITY, UT, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- In an era where one gram of terbium can mean the …

Benson Petroleum Launches with Over 1,000 Acres of Mineral-Rich Land to Power America’s Energy Future

Company Introduces Data-Driven Oil, Gas, and Blockchain Energy Ventures Backed by Generational Wealth Vision BOWLING GREEN , KY, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- Benson Petroleum, a newly launched energy exploration and …

ZE Power Engineering Announces Leadership Promotions Across Engineering and Project Management Teams

New appointments strengthen technical excellence and delivery of infrastructure projects RICHMOND, BRITISH COLUMBIA, CANADA, June 30, 2025 /⁨EINPresswire.com⁩/ -- ZE Power Engineering is pleased to announce the promotion of several distinguished …

Benson Jewish Ministries Foundation Announces Linton Riddick as Chief Financial Officer

NEW YORK , NY, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- The Benson Jewish Ministries Foundation is proud to announce the appointment of Linton Riddick as our new Chief Financial Officer (CFO). A distinguished United States Air Force …

Philomaxcap and ProtonH2 Sign MOU to Deliver Scalable, Low-Cost Hydrogen Infrastructure

TITUSVILLE, FL, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- Philomaxcap AG, a Frankfurt-listed company and parent of U.S.-based liquid hydrogen innovator GenH2, has entered into a Memorandum of Understanding (MOU) with Canadian clean …

Sodium Ion Battery Market Surges Ahead: Forecast to Quadruple by 2031, Powered by EVs and Stationary Storage

Sodium ion battery market to reach $1.2 Bn by 2031 🔋⚡ driven by electric vehicles, energy storage, and demand for affordable clean power. 🌍🚗 WILMINGTON, DE, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- 🔋 Sodium-Ion Battery Market …

CHC Navigation Introduces CoCloud: A Cloud-Based Platform for Efficient 3D Data Processing and Collaboration

CHCNAV launched CoCloud, a cloud-native platform for 3D data processing, enhancing collaboration and reducing hardware needs for geospatial professionals. SHANGHAI, CHINA, June 30, 2025 /⁨EINPresswire.com⁩/ -- CHC Navigation (CHCNAV), a global …

International Sustainable Forestry Coalition welcomes new Member, Mercer International

Global forest advocacy body surges adding 3 million hectares in a week EDINBURGH, SCOTLAND, UNITED KINGDOM, June 30, 2025 /⁨EINPresswire.com⁩/ -- The International Sustainable Forestry Coalition (ISFC) welcomes a new member company in Mercer …

World’s fastest-growing cloud provider to take the centre stage at Indonesia’s foremost tech summit - digitalCIO 2025

JAKARTA, INDONESIA, June 30, 2025 /⁨EINPresswire.com⁩/ -- Amid Indonesia’s fast-paced tech evolution, digitalCIO 2025 – the country’s premier tech summit – is all set to welcome Huawei Cloud, the world’s fastest-growing cloud provider, as it makes …

Automotive Lithium-Sulfur Battery Market worth $4.2 Billion by 2035, Powered by Next-Gen Lightweight Energy Solutions

The growth of the automotive lithium-sulfur battery market is driven by the growth in demand for electric vehicles, increased energy density, and cost reduction WILMINGTON, NEW CASTLE, DE, UNITED STATES, June 30, 2025 /⁨EINPresswire.com⁩/ -- …