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  • Published on May 5, 2025

    Gulf markets mostly retreat as oil prices slide and trade tensions loom

    Most stock markets across the Gulf closed in the red on Monday, dragged down by falling oil prices and investor unease over possible shifts in U.S.-China trade dynamics. Brent crude prices dropped over 1% following the weekend announcement from OPEC+ to …

    Source: Profit by Pakistan Today - Neutral
  • Published on May 5, 2025

    Gas prices see little movement

    Monday, May 5, 2025–10:10 a.m. -AAA South- Georgia gas prices saw little movement at the pumps compared to a week ago. Georgians are now paying an average price of $2.92 per gallon for regular unleaded gasoline, which is a penny higher than a week ago, but …

    Source: WRGA - Georgia - Pending
  • Published on May 5, 2025

    Wall Street loses ground and oil prices tumble after OPEC says it will step up production

    Business Business Wall Street loses ground and oil prices tumble after OPEC+ says it will step up production Close Wall Street loses ground and oil prices tumble after OPEC+ says it will step up production Published On: Mon, 05 May 2025 22:59:03 PKT NEW …

    Source: Dunya News - Pending
  • Published on May 5, 2025

    Airline Stocks Climb As Oil Prices Drop On OPEC+ Output Hike

    Shares of major U.S. airlines rose Monday as oil prices fell following OPEC+'s decision to ramp up production. American Airlines Group Inc AAL surged 3.56% to $10.94, Delta Air Lines Inc DAL gained 3.12% to $45.67, and United Airlines Holdings Inc UAL …

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

    International oil prices drop to KSh 7k per barrel, impacts to Kenya

    Oil prices in the international market dropped significantly in the second week of May 2025 to $60 (KSh 7,755) per barrel of Brent Crude The decrease was attributed to a significant increase in production announced by oil-producing countries (OPEC+) in the …

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

    Midwest gas prices see mixed trends; Michigan up sharply, Wisconsin sees slight drop

    (WLUK) -- Average gasoline prices in Green Bay have fallen 5.1 cents per gallon in the last week, averaging $2.94/g today, according to GasBuddy. Neighboring areas and their current gas prices: Appleton- $2.88/g, down 4.3 cents per gallon from last …

    Source: Fox11 News - Wisconsin - Center-right
  • Published on May 5, 2025

    Vancouver gas prices 25c more expensive than national average

    The price of a litre of regular gas at the pump across Vancouver is up 2.9 cents this week, for an average of $1.607 per litre — more than 25 cents more expensive than the national average. In its weekly update, GasBuddy.com says the national average fell …

    Source: Vancouver City News - Pending
  • Published on May 5, 2025

    Gas prices inch up, but will later drop

    Posted/updated on: May 5, 2025 at 12:51 pm TEXAS – The nation’s average price of gasoline has risen for the first time in nearly a month, climbing 2.0 cents compared to a week ago and stands at $3.12 per gallon, according to GasBuddy® data compiled …

    Source: KTBB - Texas - Pending
  • Published on May 5, 2025

    Gas prices in Eugene drop slightly as OPEC+ plans production increase

    EUGENE, Ore. — Average gasoline prices in Eugene have decreased by approximately 10 cents per gallon over the past week, now averaging $3.73 per gallon, according to GasBuddy's survey of 78 stations in the area. This marks a 12.9-cent drop from last …

    Source: KMTR - Oregon - Indeterminate
  • Published on May 5, 2025

    Goldman Again Slashes Oil Price Forecast As Saudis Launch Price War On Quota-Buster Kazahksatan

    Goldman Sachs slashed its oil price forecast for a third time in one month after OPEC+ decided this weekend to hike production in June with a similar 410,000-bpd increase it is implementing in May. In an online meeting on Saturday, key OPEC+ producers led …

    Source: Zero Hedge - Right-wing
  • Published on May 5, 2025

    US Crude Oil Output to Peak As Early As This Year: Kpler

    By Charles Kennedy of OilPrice.com U.S. crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven point of shale production, …

    Source: Zero Hedge - Right-wing
  • Published on May 5, 2025

    Occidental Petroleum (OXY) Stock Drops As Oil Prices Slide Ahead Of Earnings Report

    Occidental Petroleum Corp OXY shares fell 3.37% to $39.24 on Monday, tracking a broader decline in oil-related stocks after OPEC+ announced a significant output increase. What To Know: OPEC+ plans to boost production by 411,000 barrels per day in June, …

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

    ET Market Watch: Sensex surges! Adani, M&M & Oil stocks shine

    Hi, you’re listening to ET Markets Radio. I am Neha Vashishth. Welcome to a brand new episode of ET Market Watch. Let’s hear the top highlights. Sensex & Nifty Markets kicked off the week on a high note. The Sensex jumped 295 points to close at 80,797, …

    Source: The Economic Times - Pending
  • Published on May 5, 2025

    CBOD Market Outlook: Global oil prices slide amid US-China trade war

    The Chamber of Bulk Oil Distributors (CBOD), in its latest Market Outlook for the May 1–15, 2025 pricing window, highlights key global and local market developments expected to influence fuel prices in Ghana. Despite a modest 1.38% rise in global oil …

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

    Oil prices plunge on output hike by OPEC+, surplus looms

    Oil prices fell more than 1% on Monday after major oil producers, members of OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more supply coming into a market already clouded by an uncertain demand outlook. OPEC+ …

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

    Kuwait says OPEC+ meeting to significantly affect production policy formulation

    Kuwait’s oil minister said that the OPEC+ meeting would significantly affect production policy formulation in the coming period, Kuwait’s state news agency reported. OPEC+ agreed in a meeting earlier in the day to accelerate oil production hikes for a …

    Source: Hellenic Shipping News - Neutral
  • Published on May 5, 2025

    ASX falls sharply on Westpac disappointment and tumbling oil price, Australian dollar keeps climbing — as it happened

    6h agoMon 5 May 2025 at 6:15am Market snapshot ASX 200: -1.0% to 8,158 points (live values below) Australian dollar: +0.5% to 64.75 US cents Wall Street (Friday): Dow +1.4%, S&P 500 +1.5%, Nasdaq +1.6% Europe (Friday): DAX +2.6%, FTSE +1.2%, Eurostoxx …

    Source: ABC (Australian Broadcasting Corporation) - Neutral
  • Published on May 5, 2025

    Goldman Sachs Slashes Its Oil Price Forecast Yet Again

    Goldman Sachs has slashed its oil price forecast for a third time in one month after OPEC+ decided this weekend to hike production in June with a similar 410,000-bpd increase it is implementing in May. In an online meeting on Saturday, key OPEC+ producers …

    Source: Oil Price - Neutral
  • Published on May 5, 2025

    OPEC+ Throws ‘Bombshell to the Oil Market’

    [Stay on top of transportation news: Get TTNews in your inbox.] OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging. Key …

    Source: Transport Topics - Neutral

05 days 20:52:06

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