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A service for energy industry professionals · Wednesday, May 7, 2025 · 810,181,784 Articles · 3+ Million Readers
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United States Crude Oil News Monitoring

  • Published on May 5, 2025

    Morning Bid: Crude awakening

    By Anna Szymanski What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Commentary Trading in global markets was fairly quiet at the start of this central bank-packed week, with holidays today in Britain, Hong Kong, …

    Source: Yahoo Finance - Pending
  • Published on May 2, 2025

    U.S. Stocks May See Initial Strength On Trade Talks Optimism, Jobs Report

    Stocks may move to the upside in early trading on Friday, adding to the gains posted in the previous session. The major index futures are currently pointing to a notably higher open for the markets, with the S&P 500 futures up by 0.9 percent. Early …

    Source: RTTNews - Neutral
  • Published on May 5, 2025

    ‘Bombshell’ OPEC+ production hike decision hits oil prices

    HONG KONG Oil prices slumped Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia …

    Source: Hurriyet Daily News - Pro-Government
  • Published on May 5, 2025

    Petrol’s delicate dance: Lessons for Nigeria from global refining nations

    The United States is a contradiction when it comes to petrol. On paper, it pumps out more crude than any other nation on earth—almost 15 million barrels of petrol a day—and yet, it is still one of the world’s largest importers of refined petrol. But this …

    Source: Business Day - Neutral
  • Published on May 5, 2025

    ASX 200 energy shares plunge on shock OPEC move

    Image source: Getty Images S&P/ASX 200 Index (ASX: XJO) energy shares are having a day to forget. During the Monday lunch hour, the ASX 200 is down 0.8%. But Australia's oil and gas companies are under heavier selling pressure, with the S&P …

    Source: The Motley Fool Australia - Neutral
  • Published on May 5, 2025

    Oil tumbles, Taiwan's dollar surges at start of central bank-packed week

    By Dhara Ranasinghe LONDON (Reuters) - Oil prices tumbled over 2% on Monday after oil producing group OPEC+ agreed to accelerate oil production increases, while Taiwan's dollar surged to almost three-year highs at the start of a central bank-packed …

    Source: Yahoo Finance - Pending
  • Published on May 5, 2025

    “Oil Cabals Still Sabotaging My Refinery” – Dangote

    Africa’s richest man, Aliko Dangote, has declared that his battle to protect his $20 billion refinery from powerful vested interests is far from over  but he’s not backing down. Speaking at an investor forum in Lagos on Sunday, Dangote revealed that …

    Source: Information Nigeria - Neutral
  • Published on May 5, 2025

    Motorists to pay less for fuel as petrol, diesel prices fall

    Motorists will breathe a sigh of relief from Wednesday as the cost of all grades of petrol is set to come down. This comes as the Minister of Mineral and Petroleum Resources, Gwede Mantashe, announced the adjustment of fuel prices based on current local …

    Source: Polokwane Review & Polokwane Observer - Neutral
  • Published on May 5, 2025

    US stock futures slip after winning streak with Fed in focus

    US stock futures fell on Monday, signaling a potential cooldown after the S&P 500 (^GSPC) wrapped up its longest winning streak in over 20 years. Futures attached to the S&P 500 (ES=F) slid roughly 0.7%, while Dow Jones Industrial Average futures ( …

    Source: Yahoo Finance - Pending
  • Published on May 5, 2025

    Hungary’s realpolitik on Russia

    The new Trump administration poses a trilemma for Hungary’s illiberal political model. How will Prime Minister Viktor Orban manage relations with global powers? Feb. 17, 2015: Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban shake …

    Source: Geopolitical Intelligence Services - Neutral
  • Published on May 5, 2025

    Fitch Solutions retains projection

    Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes …

    Source: Business Ghana - Pending
  • Published on May 4, 2025

    Fact-checking Donald Trump's May interview with 'Meet the Press'

    President Donald Trump’s wide-ranging interview with NBC News’ “Meet the Press” moderator Kristen Welker tackled virtually every major policy issue the White House has touched in the more than three months since he took office again. The pair discussed a …

    Source: NBC News - Center-left
  • Published on May 5, 2025

    Russia's economy: bruised by sanctions, fuelled by war

    The Kremlin is gearing up to display its military power at this week’s Victory Day parade, a ceremony now mirroring the state of Russia’s economy: fully driven by the war in Ukraine. Western sanctions were meant to cripple Moscow’s war machine. But did …

    Source: RTE Ireland - Public Broadcaster
  • Published on May 5, 2025

    Slight relief at the pumps: Petrol prices decrease this Wednesday

    Motorists will be breathing a sigh of relief in May when the petrol price comes down on Wednesday. At the coast, a litre of 95 petrol, which costs R20.79 a litre, will cost R20.57 as of Wednesday. Photo: Unsplash MOTORING NEWS - Motorists will breathe a …

    Source: George Herald - Pending
  • Published on May 5, 2025

    Oil prices roll back in early May

    Motorists welcome some relief as petroleum prices dropped in the first few days of May, reversing last week's increases. Effective Tuesday, May 6, gasoline prices will go down by ₱0.55 per liter, diesel by ₱0.65 per liter, and kerosene by ₱0.90 per …

    Source: Manila Bulletin - Pro-Government
  • Published on May 5, 2025

    South Korean refiners see slim chance of Iranian crude trade resumption under Trump

    South Korean refiners and petrochemical producers have nearly ruled out the resumption of Iranian crude trade this year, though industry participants believe that Seoul’s new leadership after the June election could enhance overall flexibility in feedstock …

    Source: Hellenic Shipping News - Neutral
  • Published on May 4, 2025

    Why OPEC+ is increasing oil supplies despite falling prices

    LONDON — Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But Saturday, eight countries that belong to the oil cartel known as OPEC+ said they would add about 411,000 barrels of …

    Source: Oman Observer - Gov't Propaganda
  • Published on May 5, 2025

    Asia-Pacific markets make mixed start to new week

    Asia-Pacific equity markets opened mixed on Monday with Australia down and Japan and South Korea up. As of 11:45 am AEST (1:25 am GMT), Australia’s S&P/ASX 200 was 0.6% lower, but Japan’s Nikkei 225 and South Korea’s Kospi 200 were 1.1% and 0.1% …

    Source: Azzet - Pending
  • Published on May 5, 2025

    Oil prices drop as OPEC+ announces plans to boost output

    During the weekend, the OPEC+ group of eight nations announced it will raised its output by 411,000 barrels per day as of June 1, stepping up production increases. The group said strong fundamentals were behind the decision, though analysts also speculated …

    Source: News.Az - Pro-Government

06 days 00:47:30

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