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OPEC Newswire

  • Published on May 30, 2025

    OPEC+ may discuss oil output hike larger than 411,000 bpd for July, sources say

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

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

    Oil declines amid tariff concerns; OPEC+ hike looms

    Oil prices fell during Asian trade on Friday, on course to post a weekly decline of around 2.5% as markets reacted to volatile developments in United States trade policy and anticipated an output increase from OPEC+. By 3 pm AEST (5 am GMT) Brent crude …

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

    Oil price outlook weakens on OPEC+ hikes, lingering trade concerns

    By Sarah Qureshi and Kavya Balaraman (Reuters) - Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ supply and lingering uncertainty around the impact of trade disputes on fuel demand weigh on prices, a …

    Source: Yahoo Finance - Center-left
  • Published on May 30, 2025

    Oil set for slight weekly decline as market eyes another OPEC+ output hike

    LONDON - Oil prices were stable on Friday, but on track for a second consecutive weekly decline, pressured by expectations of another OPEC+ output hike and uncertainty about U.S. tariffs after the latest legal twist kept them in place. Brent crude futures …

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

    Oil Prices Decline Ahead Of Expected OPEC+ Output Hike

    Oil prices edged lower on Friday as markets priced in expectations that the Organization of Petroleum Exporting Countries and its allies (OPEC+) will raise output in July. The downward trend also reflected broader market uncertainties stemming from …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on May 30, 2025

    Oil tankers going dark off Malaysia as Iran trade draws scrutiny

    SOUTH-EAST ASIA (Bloomberg): Tankers involved in a vital hub of the Iran-to-China oil trade are disappearing from digital tracking systems, as the threat of US sanctions forces tactical changes to keep crude flowing. Over recent months, more vessels have …

    Source: The Malaysian Star - Indeterminate
  • 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
  • Published on May 30, 2025

    Oil prices down for a second week ahead of Opec+ output decision

    Oil prices slipped on Friday and posted a second consecutive weekly decline as the Opec+ alliance prepares for its meeting this weekend, where it is expected to announce its third major output increase. Brent, the benchmark for two thirds of the world' …

    Source: The National News - Pro-Government
  • Published on May 30, 2025

    How Louisiana's top port for offshore oil is embracing an 'all of the above' energy strategy

    Port Fourchon at the southern tip of Lafourche Parish is the go-to service station for offshore energy production, serving as a base for more than 250 companies that provide the materials and skills necessary for oil and gas operations in the Gulf. At its …

    Source: Nola - Louisiana - Neutral
  • Published on May 30, 2025

    Crude oil futures decline amid uncertainty over US trade tariff rulings 

    Declining chart of crude oil barrels istock photo for BL | Photo Credit: iStockphoto Crude oil futures traded lower on Friday morning amid uncertainty over US trade tariffs after an appeals court granted temporary relief to the Trump administration. At 9. …

    Source: The Hindu Business Line - Neutral
  • Published on May 30, 2025

    Oil Prices on Course for Another Weekly Dip as OPEC+ Looks to Boost Production

    Crude oil prices are set for another weekly decline following news that OPEC+ was planning to boost production by another 411,000 barrels daily in July. Meanwhile, a court ruling that blocked Trump’s tariffs has been paused after the White House appealed …

    Source: Oil Price - Neutral
  • Published on May 29, 2025

    OPEC+ members could hike July oil production by 411,000 barrels per day: Sources

    Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance could …

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

    Oil Edges Down on Trade Jitters, Uncertainty Over OPEC+ Meeting

    (Bloomberg) -- Oil edged down after a choppy session as traders parsed mixed messaging on the status of trade talks between the US and China. Most Read from Bloomberg West Texas Intermediate futures swung in a roughly $2 range before settling down …

    Source: Yahoo Finance - Center-left
  • Published on May 30, 2025

    How to Trade Oil Amid "Risk On and Off" Environment

    In the world of oil trading right now, it’s an uncertain environment – with “risk on, risk off” and “tariffs on, tariffs off.” That creates a great range of trades. Overall, we see a backdrop of tightening oil supplies and the potential for less oil …

    Source: Moneyshow - Florida - Neutral
  • Published on May 30, 2025

    Oil on track for second weekly decrease

    Beijing/Singapore — Oil prices were on track for a second consecutive weekly decline on Friday, weighed down by the expectation of another Opec+ output hike in July and fresh uncertainty after the latest legal twist kept US President Donald Trump’s …

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

    Oil could sink further as OPEC+ shuns warning signals

    Oil prices could plummet further as eight members of the OPEC+ alliance are weighing a further increase in oil production of up to 411,000 barrels per day (bpd) in July, according to unnamed sources familiar with the matter. The potential adjustment would …

    Source: Azzet - Pending
  • Published on May 29, 2025

    Kazakhstan says it has told OPEC it won’t cut oil output, Interfax reports

    MOSCOW : Kazakhstan has informed OPEC that it does not intend to reduce its oil production, Russia's Interfax news agency cited Kazakhstan's Deputy Energy Minister Alibek Zhamauov as saying on Thursday. "We have already told OPEC that we are …

    Source: Channel News Asia - Pro-Government
  • Published on May 30, 2025

    Oil Prices Head for Second Weekly Loss ahead of OPEC+ Decision

    Fri 30 May 2025 | 06:39 AM Oil prices are set for a second consecutive weekly loss ahead of an anticipated OPEC+ meeting on production policy, which is expected to result in a further increase in supply. Brent crude fell below $64 a barrel after falling 1. …

    Source: Sada Elbalad - Gov't Propaganda
  • Published on May 31, 2025

    Govt increases petrol price by Re1 per litre

    Business Business Govt increases petrol price by Re1 per litre Close The finance division issued a notification Updated On: Sun, 01 Jun 2025 00:34:32 PKT (Web Desk) - The federal government has hiked the petrol price by Re1 for the next fortnight. After …

    Source: Dunya News - Indeterminate

31 days 02:40:37

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