Oil Prices News Monitoring

Crude oil prices recover 13% from May lows to reach 2-week high. What’s fueling the rebound?

Crude oil prices, which had come under pressure earlier this month due to fears of a global economic slowdown amid rising trade tensions, geopolitical tensions, and supply concerns, have since stabilized, fueling a rebound in both Brent and WTI futures. …

Fuel price decrease still possible for June, despite recent uptick in oil prices

International oil prices have stabilised following a surge early this week, however modest fuel price reductions are still looking likely for June. The latest data from the Central Energy Fund is pointing to possible price cuts of around 40 cents for …

Warisan chief slams Sabah govt’s ‘record’ RM6.4b budget, warns of financial risk tied to oil prices

KOTA KINABALU, May 14 — Parti Warisan president Datuk Seri Shafie Apdal has raised concerns over the Sabah state government’s financial planning for 2025, questioning its record budget which he said was built on “unstable assumptions” of global oil prices. …

Goldman: Trump Wants Oil Prices in the $40-50 Range

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 - May 14, 2025, 1:46 AM CDT Goldman Sachs analysis indicates that US President Donald Trump prefers crude oil prices …

3 Energy stocks powering ahead even as oil prices dip

Oil prices have been sliding. Brent crude, which averaged US$ 79 per barrel in FY25, is now hovering at US$ 60–66. A large part of this is weighed down by global tariff wars, OPEC+ production surprises, and growing fears of a supply surplus. On paper, this …

Oil prices fall on world markets

The oil prices fell on Wednesday, as traders watched for a possible increase in U.S. crude stocks. Prices remained near their two-week highs though amid optimism following the United States' and China's agreement to temporarily lower reciprocal …

Palm oil prices rise on Dalian, Chicago firmer oils

The Dalian and Chicago exchanges saw higher vegetable oil prices, which influenced the palm oil futures in Malaysia. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for July delivery gained 60 ringgit (1.54%) to 3,953 Ringgit ($916 …

 Oil Prices Jump About 4% On US-China Tariff Reductions 

 Oil prices jumped by about 4% on Monday after the U.S. and China said they would ease some of their tariff measures, raising hopes of an end to the trade war between the world’s two largest consumers of crude oil.  Brent crude futures were up $2.08, or 3. …

Crude Oil Prices Surge as US Threatens Tougher Sanctions on Iran

Oil prices moved higher amid threats of tougher sanctions on Iran in the absence of a nuclear deal Energy – Iranian Sanctions ICE Brent rallied by almost 2.6% yesterday, reaching its highest since late April. A weaker US Dollar following a cooler-than- …

Oil prices continue to decline in global markets

Oil prices fell in global markets On the London ICE (InterContinental Exchange Futures), Brent crude dropped by $0.33, settling at $66.30 per barrel, News.Az reports. Meanwhile, Light crude on the NYMEX (New York Mercantile Exchange) decreased by $0.33, …

Azerbaijani oil price surpasses $68

Baku, May 14, AZERTAC The price of Azerbaijani oil climbed above $68 a barrel on Wednesday. Azeri Light crude increased by $1.09, or 1.62%, to settle at $68.22 per barrel. Azeri Light recorded its lowest price at $15.81 per barrel on April 21, 2020, and …

Kuwait oil price up $1.16 to $65.69 pb

KUWAIT: The price of Kuwaiti oil went up by USD 1.16 to USD 65.69 per barrel on Tuesday as opposed to USD 64.53 pb last Friday, said the Kuwait Petroleum Corporation (KPC) on Wednesday At the global level, the price of the Brent crude went up by USD 1.67 …

If Trump wants to end the Russia-Ukraine war, he needs to lower oil prices: Kevin McCarthy

Why India Could Face Higher Oil Prices Amid Pakistan Tensions

India and Pakistan agreed to a ceasefire on Saturday, preventing escalating tensions from developing into a full-scale conflict–for now. The Indian military had reportedly deployed surface-to-air missiles near its western border as tensions flared …

Dunleavy freezes most hiring, new regulations and travel as oil prices squeeze budget

The State Office Building in Juneau, Alaska is seen on April 30, 2024. Gov. Mike Dunleavy on Friday ordered a freeze on most state hiring, out-of-state travel and new regulations as oil prices tumble. Dunleavy outlined the freeze in an administrative order …

Oil prices firmed on hopes that the global economy would avoid a tariffs-fuelled recession

DAILY OIL PRICE: May 13, 2025

Falling oil prices put Sask budget surplus on shaky ground, potash might save it

Time to Tighten Our Belts, Says Petrobras CEO Amid Oil Price Drop

Petrobras CEO Magda Chambriard said this Tuesday (13) that the falling oil prices present a challenging scenario, which will be addressed through project simplification, cost reduction, and pursuit of better margins in product sales. "It’s time to …

Milestone Operations & Maintenance Contract Strengthens Partnership Between EthosEnergy and Raban Al Safina Group

BAGHDAD, IRAQ, May 14, 2025 /⁨EINPresswire.com⁩/ -- EthosEnergy, a global independent service provider for rotating equipment, has secured a multimillion-dollar Operations and Maintenance (O&M) contract for the Maisan Combined Cycle Power Plant, near …

Electric Rate Hikes Hit Ohio Ratepayers in June

First Energy Says "Time to Shop." Grid Operator Costs May Push Summer AC Bills Over $200. COLUMBUS, OH, UNITED STATES, May 14, 2025 /⁨EINPresswire.com⁩/ -- OHElectricityRatings.com wants electricity customers to get ready for scorching …

Mert Şener, Chairman of MES Group, Announces Ambitious International Investment Plans

NEW YORK, NY, UNITED STATES, May 14, 2025 /⁨EINPresswire.com⁩/ -- Mert Şener, Chairman of the Board of MES Group of Companies and President of the Turkish Education Federation, today publicly announced his strategic decision to expand the group…

Three Lines Partners with iBridge LLC to Strengthen Saudi Aviation Supply Chain

Leveraging Business-Centric Artificial Intelligence, Supporting Vision 2030 WASHINGTON D.C., DC, UNITED STATES, May 14, 2025 /⁨EINPresswire.com⁩/ -- Three Lines, the first Saudi-owned and operated company officially licensed by the General …

The first second life battery systems in Bulgaria are now live

The innovative solutions have been developed by eWaste, a subsidiary of Solarpro - a multi-technology integrator in the renewable energy industry SOFIA, BULGARIA, May 14, 2025 /⁨EINPresswire.com⁩/ -- Bulgaria already has the first energy storage …

AMEA Dubai 2025 Returns Bigger with Bitumen, Base Oil and Logistics, Co-Located with Roads, Traffic and Mobility

Petrosil Announces the Return of AMEA Dubai 2025 with its Flagship ABBL Convention and Launch of the Co-Located ARTM Event DUBAI, UNITED ARAB EMIRATES, May 14, 2025 /⁨EINPresswire.com⁩/ -- Petrosil is pleased to announce the much-anticipated …

BURN SECURES US$5 MILLION INVESTMENT FROM ELECTRIFI TO SCALE ELECTRIC COOKING IN KENYA

BURN secures $5M from ElectriFI to deploy 100,000 ECOA electric stoves in Kenya, cutting fuel costs & 1.4M tons of CO₂ via IoT & PAYC tech. NAIROBI, NAIROBI, KENYA, May 14, 2025 /⁨EINPresswire.com⁩/ -- BURN, Africa’s leading clean …

Integrated Covered Patio Luxury Shipping Container Home by Compact Living Now Selling

LAS VEGAS, NV, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Compact Living is pleased to announce the release of its newest 40-foot Luxury Shipping Container Home, the Vision 30 Patio. This luxury container model offers 30 feet of living …

Pipeline Network Market Growth Research Report 2024-2033 | 250 Pages

The Pipeline Network market size is expected to grow from 13.6 billion by the end of 2024 to 27.0 billion by 2033 VANCOUVER, BC, CANADA, May 14, 2025 /⁨EINPresswire.com⁩/ -- The Pipeline Network market size is expected to grow from 13.6 billion by …

Burkhan World Announces $15 Billion in Strategic MoUs with Saudi Arabia Across Mining, AI and Defense Technologies

Signed at USA-Saudi Strategic Investment Forum During President Donald J. Trump's Delegation Visit to Riyadh MIAMI, FL, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Burkhan World Investments (BWI), a United States-based global …

BLACK MOUNTAIN OIL AND GAS EXPANDS FOOTPRINT IN EAGLE FORD SHALE

Black Mountain Oil & Gas, in partnership with Trace Capital Management, announced it has acquired assets in South Texas through its joint venture, TBM Catarina. FORT WORTH, TX, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Black Mountain …

Trusted Union Contractors Offer Skilled Workforce for Responsible Data Center Construction

Carpenter Contractor Trust Highlights Benefits of Union Labor in Building Critical Digital Infrastructure PHILADELPHIA, PA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- As demand for data centers continues to surge across the United States, …

Austin Alliance Group Leaders Named Among Top Coaches in Austin

Lisa Blanton and David Hughen recognized by Influence Digest Media for leadership and coaching excellence AUSTIN, TX, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Two familiar faces from Austin Alliance Group have just landed on Influence …

Global LED Conformal Coating Market Outlook: Drivers, Trends, Opportunities & Forecast 2025–2034

The Business Research Company's Global LED Conformal Coating Market Outlook: Drivers, Trends, Opportunities & Forecast 2025–2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 13, 2025 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

The High Efficiency Energy Car Air Purifier Market 2025: Rising Air Pollution Driving The Growth Of The Market

The Business Research Company's High Efficiency Energy Car Air Purifier Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 14, 2025 /⁨EINPresswire.com⁩/ -- The Business …

World Happiness Foundation Response to 'A Call for Peace: The End of Wars and Respect for International Law'

By Luis Miguel Gallardo – Founder & President of the World Happiness Foundation NEW YORK, NY, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Introduction and Context The World Happiness Foundation warmly commends the High …

Preferred Utilities acquires Hays Cleveland Controls and Instrumentation product line from Cleveland Controls

Acquisition strengthens Preferred Utilities' product portfolio and offers continuation of service to Hays Cleveland customers. DANBURY, CT, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Preferred Utilities Manufacturing Corporation, a leader in …

Smart Grid Analytics Market Set to Surge from USD 6.2 Billion in 2024 to USD 17.9 Billion by 2033

Global demand for efficient energy systems, integration of renewable energy sources & deployment of smart grids are significant factors driving market growth VANCOUVER, BC, CANADA, May 13, 2025 /⁨EINPresswire.com⁩/ --  The global smart grid analytics …

Hydrogen Gas Market Sees Significant Growth Driven by Chemical Industry Demand and Sustainable Solutions

The growing emphasis on cleaner production methods and the shift toward sustainable chemical manufacturing are further fueling demand VANCOUVER, BC, CANADA, May 13, 2025 /⁨EINPresswire.com⁩/ --  The global hydrogen gas market is experiencing …

EvoChip.ai launches revolutionary AltiCoreAI, redefining AI efficiency and performance

DANA POINT, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- EvoChip.ai, the company reinventing Machine Learning from the ground up, today announced AltiCoreAI, the next-generation model training and inference IP block that delivers orders- …