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A service for energy industry professionals · Tuesday, May 13, 2025 · 812,238,359 Articles · 3+ Million Readers
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West Texas Intermediate News Monitoring

  • Published on 17:51 GMT

    Saudi Arabia is intentionally driving crude prices lower – BCA Research

    prices have bounced at the start of this week on news of a trade deal between China and the U.S., but are still sharply lower this year, with BCA Research claiming that Saudi Arabia is deliberately driving oil lower. At 05:30 ET (09:30 ET), futures climbed …

    Source: Hellenic Shipping News - Neutral
  • Published on 13:01 GMT

    Analysis: Trump’s crude paradox vexes his Houston oil base

    Despite covering energy markets for nearly two decades, I’d never been to Houston. Last month, I took the 17-hour flight from Dubai and made my rounds with dozens of investors and drillers in the shale patch. Most volunteered they voted for Donald Trump — …

    Source: Semafor - Neutral
  • Published on 07:11 GMT

    Crude oil futures decline despite US-China trade progress

    Crude oil futures traded lower on Tuesday morning due to prospects of an increase in global supply, despite progress in US-China trade negotiations. At 9.58 am on Tuesday, July Brent oil futures were at $64.81, down by 0.23 per cent, and June crude oil …

    Source: The Hindu Business Line - Neutral
  • Published on 00:43 GMT

    US crude oil climbs on $600M Saudi investment boost

    By Erwin Seba HOUSTON (Reuters) - U.S. crude oil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabia's plans to invest $600 million in the United States. Brent crude (BZ=F) futures rose 88 cents, or about 1.35%, …

    Source: Yahoo Finance - Pending
  • Published on 11:41 GMT

    Business Brief: Step on the gas

    Good morning. There’s an air of anticipation in Kitimat, B.C., as Canada’s first export terminal for liquefied natural gas gears up for production and shipments. LNG Canada is within weeks of having the first vessel load up with natural gas in liquid form …

    Source: The Globe and Mail - Neutral
  • Published on May 12, 2025

    Contangoed vs. backwardated crude price curves and propane prices

    Trader’s Corner, a weekly partnership with Cost Management Solutions, analyzes propane supply and pricing trends. This week, Mark Rachal, director of research and publications, looks at the impact of crude forward price curves on propane prices. Catch up …

    Source: LP Gas Magazine - Neutral
  • Published on May 11, 2025

    WTI Crude Oil Weekly Forecast: Descending Triangle Points To More Downside

    Sunday, May 11, 2025 10:59 AM EDT Image Source: Pixabay Bearish View Short the WTI crude oil and set a take-profit at $55.40. Add a stop-loss at $67. Timeline: 1-2 days. Bullish View Buy the WTI crude oil and set a take-profit at $67. Add a stop-loss at $ …

    Source: myMotherLode - Pending
  • Published on May 12, 2025

    Crude Oil, Copper Prices Surge on US–China Trade Deal Optimism

    Oil and metals prices rose after the US and China said they will temporarily lower tariffs on each other’s products, with the US reducing its levies on most Chinese imports from 145% to 30% and China lowering its duties on US good from 125% to 10% for 90 …

    Source: Investing - Neutral
  • Published on May 12, 2025

    Crude oil futures gain on progress in US-China trade talks 

    Crude oil futures traded higher on Monday morning, boosted by progress in trade talks between the US and China. At 9.40 am on Monday, July Brent oil futures were at $64.23, up by 0.50 per cent, and June crude oil futures on WTI (West Texas Intermediate) …

    Source: The Hindu Business Line - Neutral
  • Published on 17:51 GMT

    The heart of the US oil boom is slowing

    Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. Sure, today’s industry is far larger …

    Source: Hellenic Shipping News - Neutral
  • Published on May 12, 2025

    Discount on Western Canada Select heavy crude unchanged

    The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) was unchanged on Friday. WCS for June delivery in Hardisty, Alberta, settled at $9.10 a barrel under the U.S. benchmark WTI, according to …

    Source: Hellenic Shipping News - Neutral
  • Published on 11:34 GMT

    USD/CAD Steadies Above 1.3950 Due To Trade Optimism, Expects A Rise In US Inflation

    Tuesday, May 13, 2025 5:15 AM EDT  Photo by Michelle Spollen on Unsplash   USD/CAD remains steady ahead of the closely watched US Consumer Price Index release for April, scheduled for Tuesday. Headline CPI is expected to rise to 0.3% MoM, recovering …

    Source: myMotherLode - Pending
  • Published on 11:16 GMT

    Oil Market Rises 1% as US, China Ease Tariffs

    By Adedapo Adesanya The oil market appreciated by more than 1 per cent to settle at a two-week high on Monday, after the US and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. …

    Source: BusinessPost Nigeria - Indeterminate
  • Published on 09:30 GMT

    Oil Prices Decline Amid Supply Concerns

    Oil prices fell on Tuesday from their highest level in two weeks, affected by concerns over rising supplies, despite earlier optimism regarding the easing of the U.S.-China trade war after both countries temporarily reduced tariffs.اضافة اعلان Brent crude …

    Source: Jordan News - Indeterminate
  • Published on 13:00 GMT

    Pomerantz Law Firm Announces the Filing of a Class Action Against Civitas Resources, Inc. and Certain Officers – CIVI

    NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI) and certain officers. The class action, filed in the United States …

    Distribution channels: Consumer Goods, Law ...
  • Published on 10:43 GMT

    Oil edges higher as market weighs US-China trade developments

    LONDON: Oil prices edged higher on Tuesday, with gains capped by rising supplies and caution over whether the pause in the US-China trade war will lead to a longer-term deal. Brent crude futures gained 21 cents, or 0.3%, to $65.18 a barrel by 0919 GMT. US …

    Source: Business Recorder - Neutral
  • Published on 10:35 GMT

    Oil slips on supply concerns despite US-China deal

    Oil prices edged lower during Asian trading on Tuesday as concerns over rising global supply levels outweighed the positive sentiment from a temporary tariff pause between the United States and China. As of 3:00 pm AEST (5:00 am GMT), Brent crude futures …

    Source: Azzet - Pending
  • Published on 15:02 GMT

    Oil Prices Dip Amid Trade Truce And Supply Surge

    Global oil prices edged lower on Monday due to a growing imbalance between demand and supply, even as optimism rose over a temporary easing of U.S.-China trade tensions. Brent crude, the international benchmark, slipped by 0.1% to $64.69 per barrel, while …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on 11:11 GMT

    Rupee settles lower against US dollar

    The Pakistani rupee slipped lower against the US dollar, depreciating 0.04% in the inter-bank market on Tuesday. At close, the local currency settled at 281.67, a loss of Re0.1 against the greenback. On Monday, the rupee closed the day at 281.57. …

    Source: Business Recorder - Neutral

06 days 09:56:44

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