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A service for global professionals · Wednesday, May 7, 2025 · 810,451,255 Articles · 3+ Million Readers
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OPEC Newswire

  • Published on May 5, 2025

    Fall in oil prices could reach Estonian gas stations in coming days

    Oil prices fell by more than three percent on Monday following the decision by the Organization of the Petroleum Exporting Countries (OPEC+) to increase production. While low prices are bad for oil-producing countries, the situation is more positive for …

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

    OPEC+ navigating risky experiment by backtracking cuts / Rystad Energy oil market note

    OPEC+ stands at a risky crossroads as the group experiments with bringing higher supply to market than previously announced, testing the market ahead of June. Rystad Energy believes the group’s rescheduled meeting to 3 May signals their resolve to bring …

    Source: American Journal of Transportation - Neutral
  • Published on May 5, 2025

    Wall Street loses ground, breaking a 9-day winning streak, and crude oil prices tumble

    NEW YORK (AP) — Stocks slipped in in mixed trading trading on Wall Street Monday and oil prices fell to a four-year low as the OPEC+ group announced plans to increase output. The S&P 500 fell 0.2%. The benchmark index is coming off of its ninth …

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

    Oil Futures Hit Four-year Low Due to OPEC+ Output Hike

    The NYMEX WTI futures contract for June delivery settled at $57.08, down by $1.21 from the previous trading session, while the front-month ICE Brent futures contract dropped by $1.08 to $60.21 bbl. The June ULSD RBOB gasoline futures contract declined by $ …

    Source: Progressive Farmer - Neutral
  • Published on May 5, 2025

    Montana Gas Prices Rise Again: What You Need to Know

    Missoula, MT (KGVO-AM News) - To start 2025, average gas prices in Montana have increased in 14 out of 17 weeks. This week, prices have risen again. Patrick De Haan is the head of petroleum analysis at GasBuddy, and he provided the current numbers.     “ …

    Source: 94.9 KYSS FM - Montana - Pending
  • Published on May 5, 2025

    ConocoPhillips (COP) Stock Falls on OPEC+ Supply Hike, Lower Oil Prices

    ConocoPhillips COP shares fell 3.1% to $88.54 Monday afternoon as crude oil prices declined following OPEC+'s announcement to boost oil production. What To Know: West Texas Intermediate (WTI) crude futures dropped around 2% after the group said it …

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

    OPEC Just Created The Income Trade Of The Decade

    If you have been around the energy markets long enough, you know crude oil has a flair for the dramatic. When it sells off, it does not just trickle down; it falls off a cliff. The rebound is vicious, fast and usually overdue when it finally wakes up. The …

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

    Arkansas gas prices continue to fall

    JONESBORO, Ark. (KAIT) - The price of gasoline in the Natural State continues to tumble. GasBuddy.com’s survey of 1,826 stations in Arkansas revealed Monday that prices fell 4.7 cents a gallon last week to an average of $2.73. That’s 13.1 cents lower than …

    Source: KAIT 8 - Arkansas - Neutral
  • Published on May 5, 2025

    Three years ago, gas averaged over $4, today at $3.01

    Average gasoline prices in Connecticut have risen 1.5 cents per gallon in the last week, averaging $3.01 a gallon Monday, according to GasBuddy’s survey of 1,540 stations in Connecticut. Prices in Connecticut are 3.0 cents per gallon lower than a month ago …

    Source: New Britain Herald - Connecticut - Pending
  • Published on May 5, 2025

    Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer.

    Oil prices dropped 2% on Monday to their lowest level since February 2021. The decline was sparked by OPEC's plans to increase oil supply by 411,000 barrels per day in June. Americans can expect gas prices to drop below $3 a gallon this summer, an …

    Source: Markets Insider - Neutral
  • Published on May 5, 2025

    Global stock index near flat while bond yields rise, oil prices dip

    Wall Street mixed, European shares rise slightly * Oil prices fall on OPEC+ news, gold rises on safe haven demand * Bond yields rise, Taiwan dollar surges vs greenback NEW YORK/ LONDON, May 5 (Reuters) - MSCI's global equities index was slightly …

    Source: London South East - Neutral
  • Published on May 5, 2025

    Oregon gas prices dip slightly; could the national average fall below $3 soon?

    Average gasoline prices in Oregon have decreased by 2.6 cents per gallon over the past week, now averaging $3.83 per gallon, according to a GasBuddy survey of 1,307 stations in the state. This marks a decline of 11.4 cents per gallon from a month ago and a …

    Source: KVAL - Oregon - Center-right
  • Published on May 5, 2025

    Gas prices rise across more than half of the states, including Texas

    WICHITA FALLS, Texas (KAUZ) - According to Patrick De Haan, the head of petroleum at GasBuddy, gas prices rose across more than half of the states this last week. “Last week was another mixed bag at the pump for many Americans, but there may be some …

    Source: News Channel 6 - Texas - Pending
  • 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

    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

    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

05 days 06:58:24

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  • Published on April 30, 2025 - 13:40 GMT

    Oil Prices Dip Due to Trade Tensions, Supply Concerns

    (MENAFN) Oil prices continued their downward trajectory on Wednesday, pressured by fears of weak demand due to the ongoing trade war between the U.S. and China, and growing worries about an oversupply in the market. Brent crude, the international benchmark …

    Distribution channels: ...
  • Published on April 30, 2025 - 13:37 GMT

    Oil Prices Drop Amid Trade Tensions

    (MENAFN) Crude oil values declined once again on Wednesday, pressured by growing anxieties over weakened consumption, largely driven by escalating trade tensions between the United States and China—the globe’s two largest petroleum importers. Additionally, …

    Distribution channels: ...
  • Published on April 10, 2025 - 20:44 GMT

    Trump tariff shock causes four-year low to oil

    (MENAFN) Oil prices have plummeted to their lowest levels in over four years, with Brent crude falling to about $61 per barrel and US West Texas Intermediate (WTI) dropping to around $58, marking the lowest prices since February 2021. The steep decline …

    Distribution channels: ...
  • Published on April 10, 2025 - 12:07 GMT

    Oil rate dips to four-year low

    (MENAFN) Oil prices dropped over 3% on Monday, extending last week's losses, as rising US-China trade tensions fueled concerns about a potential recession, which could reduce demand for crude oil. Brent crude futures for June 2025 delivery fell below $ …

    Distribution channels: ...
  • Published on April 8, 2025 - 12:03 GMT

    Oil Prices Decrease Amid U.S. Trade Conflict

    (MENAFN) Oil prices experienced a sharp decline on Monday following new trade tariffs imposed by United States Leader Donald Trump. Additionally, OPEC+ announced plans to boost production in May, and Saudi Arabia decided to reduce oil prices for Asia in …

    Distribution channels: ...
  • Published on March 3, 2025 - 12:53 GMT

    New Stratus Energy Announces Award of a Transformative Production Sharing Contract for a Significant Oil Field in ...

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, March 03, 2025 (GLOBE NEWSWIRE) -- New Stratus Energy Inc. (TSX.V - NSE) (“New Stratus”, “NSE” or the “Corporation”) is pleased to announce …

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