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A service for energy industry professionals · Wednesday, April 30, 2025 · 808,188,404 Articles · 3+ Million Readers
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OPEC & Oil Price News Monitoring

  • Published on Apr 28, 2025

    Palm slides on weak soyoil, anticipation of greater output

    KUALA LUMPUR: Malaysian palm oil futures closed lower on Monday, weighed down by expectations of increased production, while weaker Chicago soyoil also pressured the market. The benchmark palm oil contract for July delivery on the Bursa Malaysia …

    Source: Business Recorder - Neutral
  • Published on Apr 28, 2025

    World stocks hang onto hope as trade talk confusion lingers

    Global equity markets held at their best levels in over three weeks on Monday, reflecting some hopes that the worst of tariff pain is over, but confusion over U.S. trade policy lingered and trapped the dollar. European shares firmed, U.S. stock futures …

    Source: Zawya - Indeterminate
  • Published on Apr 28, 2025

    The oil industry nervously stands by: Tariff uncertainty and price volatility are threats to supply, investment and the ...

    Producers are preparing for potential further declines, with investment in the US Lower 48 tight oil sector particularly responsive. If prices plummet to US$50/bbl, up to 1.2 million barrels per day could be at risk by 2026. Wood Mackenzie’s report, “ …

    Source: Hellenic Shipping News - Neutral
  • Published on Apr 28, 2025

    A Reality Check On Nigeria’s 2025 Growth Projections as Q2 Progresses

    A few months ago, when the Central Bank of Nigeria (CBN) confidently predicted a 4.17% GDP growth for 2025, it felt a bit like promising a three-course meal in a kitchen that’s still on fire.  We clapped. We nodded. Some analysts even spoke …

    Source: TechEconomy - Neutral
  • Published on Apr 28, 2025

    Oil ticks up as trade uncertainty dominates sentiment

    Oil prices edged higher during Asian trade on Monday but remained weighed down by uncertainty surrounding United States-China trade negotiations and the prospect of an increase in Organisation of Petroleum Exporting Countries (OPEC+) supply. By 2:55 pm …

    Source: Azzet - Pending
  • Published on Apr 28, 2025

    Fuel prices unchanged for May

    Prices for petrol and both diesel variants will remain unchanged in the country during May 2025, as crude oil prices for April 2025 declined mainly due to increased global supply and weakened demand outlook. The prices in Walvis Bay will remain N$20.67 per …

    Source: New Era - Pro-Government
  • Published on Apr 28, 2025

    10 Trump Administration Actions That Could Lead to Higher Electricity Prices

    Introduction and summary During his 2024 presidential campaign, Donald Trump promised to “cut energy costs in half” in one year, but his administration’s actions during the first months of his second term will almost certainly drive prices and bills …

    Source: Center For American Progress - Washington D.C. - Left-wing
  • Published on Apr 28, 2025

    CBN Injects $1.3 Billion Into Market As FX Reserves Dip To 6-Month Low

    In a bid to stabilize the local currency, the Central Bank of Nigeria (CBN) has injected nearly $1.31 billion into the foreign exchange market. The significant volatility witnessed in April prompted heightened interventions at the official window, as the …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on Apr 25, 2025

    Nigerian oil market faces headwinds amid unsold oil cargoes

    Nigeria’s economy, which heavily relies on its oil industry, faces a looming crisis as many barrels scheduled for export in April and May 2025 remain unsold. This backlog negatively impacts the country’s revenue forecasts, exacerbating existing issues in …

    Source: Nairametrics - Neutral
  • Published on Apr 28, 2025

    Brazil’s Financial Morning Call for April 28, 2025

    Brazil’s markets are primed for a pivotal day as local and global economic data shape views on trade, investor confidence, and commodity demand. These are crucial for Brazil’s export-driven economy, facing high inflation and cautious optimism. At 07:25 AM …

    Source: The Rio Times - Neutral
  • Published on Apr 28, 2025

    Mideast Stocks: Major Gulf markets gain as investors await earnings

    Major stock markets in the Gulf rose in early trading on Monday as investors awaited corporate earnings announcements, although uncertainty over trade talks between the U.S. and China limited gains. U.S. Treasury Secretary Scott Bessent on Sunday did not …

    Source: Zawya - Indeterminate
  • Published on Apr 25, 2025

    Iranian Oil Minister, in Moscow, Talks Up Trade, Gas with Russia

    Iranian Oil Minister Mohsen Paknejad said during a visit to Moscow on Friday that Iran would boost cooperation with Russia in agriculture, banking, fuel and gas, while removing barriers in all spheres of cooperation between the two countries. Russian …

    Source: Asharq Al-Awsat - Pro-Government
  • Published on Apr 28, 2025

    Latest: Petrol price in Pakistan likely to see drop from May 1

    As global crude oil prices trend downward, the possibility of a reduction in petroleum product prices in Pakistan from May 1, 2025 is gaining traction. However, experts caution that the government's recent move to abolish the Fifth Schedule, which …

    Source: Samaa - Indeterminate
  • Published on Apr 28, 2025

    UAE: Why petrol prices are likely to drop in May 2025

    Petrol prices in the UAE are likely to drop for the month of May 2025 as prices plunged in April due to the US tariff row and concerns around a slowdown in the global economy and recessionary fears. Globally, Brent fell as low as $62.8 per barrel in early …

    Source: Khaleej Times - Gov't Propaganda
  • Published on Apr 7, 2025

    How oil price decline impacts Nigeria's production

    Oil prices have been on a downward trend, with Brent hovering around $63 to $64 per barrel, significantly lower than the $70s of previous weeks. This decline has raised concerns for Nigeria, whose economy heavily depends on oil revenue and foreign exchange …

    Source: CNBC Africa - Neutral
  • Published on Apr 28, 2025

    Stock market today: Gift Nifty up 130 pts; key levels to watch for Nifty, Sensex & Nifty Bank

    Indian stock markets are set to open higher on Monday amid a slew of positive cues. However, traders across the globe will be looking at key earnings from the major companies amid the worries of economic slowdown. Also, progress on the trade tariffs shall …

    Source: Business Today - Indeterminate
  • Published on Apr 28, 2025

    Trump’s billionaire oil industry donors aren’t getting what they wished for

    Loading The International Energy Agency had forecast that demand for oil would increase about 1.03 million barrels a day. After Liberation Day it cut that forecast by about a third, to 730,000 barrels a day, saying about half that reduction was …

    Source: Brisbane Times - Pending
  • Published on Apr 28, 2025

    U.S. Shale M&A Hits the Brakes as Oil Slides and Tariffs Bite

    Mergers and acquisitions in the U.S. shale industry got off to a strong start this year. Oil was trading at pretty reasonable prices—unless you’re OPEC—there was a pro-oil president in the White House, and the outlook was bright. For a while. Then, prices …

    Source: Oil Price - Neutral
  • Published on Apr 28, 2025

    Australian shares start the week higher

    The S&P/ASX200 jumped by more than one per cent in early trading but was up 62.1 points, or 0.78 per cent higher by midday, to 8030.3. The broader All Ordinaries was up 59.3 points, or 0.73 per cent, to 8234.4, following a positive Wall Street …

    Source: Shepparton News - Neutral

05 days 09:53:47

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