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OPEC Newswire

  • Published on May 30, 2025

    U.S. oil companies are ‘battening down the hatches’

    By Rebecca F. Elliott New York Times U.S. oil companies are pulling back as lower commodity prices take a toll. After two months of crude oil prices hovering around $60 a barrel, companies are shutting down drilling rigs and laying off workers as they pare …

    Source: The Spokesman-Review - Washington State - Neutral
  • Published on May 30, 2025

    Oil Markets Await Clear Signals From OPEC+

    WTI futures ended Thursday’s session just below a $62.59 pivot, paring earlier gains as a late-week rally fizzled. Crude prices initially rose following a U.S. trade court ruling that overturned broad Trump-era tariffs, which briefly lifted sentiment …

    Source: Oil Price - Neutral
  • Published on May 30, 2025

    Crude Oil Prices Fall Amid Escalating Trade Tensions With China, Possible OPEC+ Output Hike

    At the time of writing, U.S. West Texas Intermediate (WTI) crude futures were down 1.50% at $60.03 per barrel. Crude oil prices declined by nearly 1.5% on Friday after President Donald Trump reignited trade tensions with China, saying that they “totally …

    Source: myMotherLode - Pending
  • Published on May 30, 2025

    Oil prices head for weekly drop as OPEC+ may discuss larger output hike for July

    LONDON: Oil prices were steady on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff policy after the latest courtroom twist. Brent crude …

    Source: Business Recorder - Neutral
  • Published on May 30, 2025

    Brent Slides Below $64 as Trump and OPEC+ Rattle Crude Markets

    A turbulent week for global energy markets saw oil prices slide amid OPEC+ uncertainty and escalating U.S.-China tensions. The double whammy of OPEC+’s unpredictability and Donald Trump’s heated rhetoric over China ‘totally violating its agreement’ with …

    Source: Oil Price - Neutral
  • Published on May 30, 2025

    OPEC+ Could Consider Super-Hike in July Oil Production

    This weekend, OPEC+ may debate boosting oil production in July by more than the 411,000-bpd monthly hikes it has announced for May and June, sources with knowledge of the discussions at the production group told Reuters on Friday. For two months now, OPEC+ …

    Source: Oil Price - Neutral
  • Published on May 30, 2025

    Oil prices fall on possible larger OPEC+ output hike for July

    HOUSTON: Oil prices fell on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff policy after the latest courtroom twist. Brent crude futures …

    Source: Business Recorder - Neutral
  • Published on May 30, 2025

    OPEC+ may consider larger oil output increase for July amid rising production by members

    OPEC+ may discuss an increase in oil output for July larger than the 411,000 barrels per day (bpd) increases made for May and June, sources familiar with OPEC+ talks told Reuters. Eight OPEC+ countries have been raising output more rapidly than initially …

    Source: Profit by Pakistan Today - Neutral
  • Published on May 30, 2025

    Mixed trend in oil prices as market remains volatile

    Consumers can expect another mixed oil price movement next week on continued volatility in the world oil market. Department of Energy Oil Industry Management Bureau (OIMB) director Rodela Romero said the 4-day trading in the Mean on Platts Singapore (MOPS …

    Source: Manila Standard - Pro-Government
  • Published on May 30, 2025

    Oil Dips After US-China Trade Tensions Flare

    Oil edged down after a choppy session as traders parsed mixed messaging on the status of trade talks between the US and China. West Texas Intermediate futures swung in a roughly $2 range before settling down fractionally near $61 a barrel. Futures had sunk …

    Source: Rigzone - Neutral
  • Published on May 30, 2025

    Govt has taken measures to keep oil prices in control for consumers: Hardeep Puri

    New Delhi: Union Minister for Petroleum and Natural Gas, Hardeep Puri on Friday highlighted how is India able to keep prices for oil in control through calibrated policy measures, including excise duty cuts and collaboration with state governments on VAT …

    Source: Times of Oman - Pro-Government
  • Published on May 30, 2025

    OPEC+ Mulls Even Larger Oil Output Hike as It Seeks Market Share

    OPEC+ is considering accelerating its production increases by discussing a potential hike of more than 411,000 barrels a day for July as it seeks to recoup lost market share, according to people familiar with the matter. Eight key members of the …

    Source: Rigzone - Neutral
  • Published on May 30, 2025

    Oil holds steady but heads for second weekly loss

    Oil prices remained steady on Friday but were set for a second straight weekly loss as markets assessed the possibility of a larger OPEC+ output increase in July and ongoing uncertainty surrounding U.S. trade policy. Brent crude futures dropped 18 cents, …

    Source: Profit by Pakistan Today - Neutral
  • Published on May 30, 2025

    Energy Investors on Edge as Another OPEC Supply Hike Looms Large

    The last OPEC+ increase to oil output, announced in early April, made energy the worst-performing sector in the S&P 500 this quarter, declining 13% while the broader market climbed 5.4%. The group is said to be discussing a potential hike of more than …

    Source: Financial Post - Center-right
  • Published on May 30, 2025

    Oil prices to stay around $65/barrel: Hardeep Puri

    New Delhi: Oil prices will hover around $65 per barrel as ample supplies are available in the market, Oil Minister Hardeep Singh Puri has said. “My sense is that with more supplies becoming available, prices will be close to $65, not $80 per barrel,” Puri …

    Source: ETAuto - Indeterminate
  • Published on May 30, 2025

    Brent barrel of oil depreciates 0.39% to 63.90 dollars

    The North Sea crude, a benchmark for the European market, decreased by $0.25 on the Intercontinental Exchange (ICE), closing at $64.15 compared to the previous rate. The downward trend in Brent reflected investor concerns over a potential supply glut, …

    Source: Portugal Pulse - Neutral
  • Published on May 30, 2025

    OPEC+ retains 3.6 mil b/d of group-wide cuts through 2026

    OPEC+ agreed to stick to plans to keep 3.6 million b/d of crude off the market until the end of 2026 at a meeting May 28, in a move that was widely expected. In a statement released after the meeting, the OPEC Secretariat said it had been mandated to …

    Source: Hellenic Shipping News - Neutral
  • Published on May 30, 2025

    Oil Drops on Reports of Larger-Than-Expected OPEC Hike

    Karim Bastati DTN Analyst VIENNA (DTN) -- Oil futures fell Friday morning on reports that OPEC is considering an output hike in July exceeding the widely anticipated and largely priced-in 411,000 barrels per day (bpd). Prices were heading for weekly …

    Source: Progressive Farmer - Neutral
  • Published on May 30, 2025

    OPEC+ Mulls Even Larger Oil-Output Hike as It Seeks Market Share

    Kazakhstan’s Deputy Energy Minister Alibek Zhamauov had already alluded to the possibility of an bigger surge in comments to reporters on Thursday. “There will be a hike, but whether it will be 400, 500, 600, we don’t know — that will be announced on …

    Source: Financial Post - Center-right

03 days 03:58:36

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