OPEC Newswire

Oil prices down 1%

New York: Oil prices was down more than 1% at settlement today, following reports of lower demand in China and a decision by OPEC+ to increase supply starting July. Brent crude futures fell 75 cents, or 1.16 percent, to settle at $64.15 a barrel. US West …

OPEC must squeeze US shale much more to win oil price war: Bousso

LONDON - Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-stakes price war is starting to pay off, but Saudi Arabia will need to exert a lot more pain to make a lasting impact on market share. U.S. oil …

Aramco CEO will keep borrowing even as oil slump cuts cashflow

[DUBAI] Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised US$5 billion in bonds this week. The Saudi state oil producer …

Oil climbs after US court blocks Trump’s tariffs

Tokyo — Oil prices rose on Thursday after a US court blocked most of President Donald Trump's tariffs from taking effect, while the market was watching out for potential new US sanctions curbing Russian crude flows and an Opec+ decision on hiking …

OPEC+ Maintains Output Targets Amid Market Uncertainty

(MENAFN- The Arabian Post) Arabian Post Staff -Dubai OPEC and its allies, collectively known as OPEC+, have reaffirmed their existing oil production targets through 2026, opting to maintain current supply restraints despite ongoing market volatility and …

Crude oil futures jump after US court blocks Trump tariff plan 

Crude oil futures traded higher on Thursday morning after a US court said that US President Donald Trump could not proceed with his plans for reciprocal trade tariffs. At 9:58 am on Thursday, August Brent oil futures were at $65.05, up by 1.13 per cent, …

Oil prices rise after OPEC+ keeps output policy unchanged

"They were hoping to slow the pace of production increases and stop the slide in price. But that's not the way it panned out," he added.Oil prices gained more than $1 on Wednesday as OPEC+ agreed to leave their output policy unchanged and as …

Record Refining Helps Saudi Oil Income amid Crude Price Decline

Saudi Arabia’s oil revenues have been suffering from the oil price slump during the second quarter. But there’s a silver lining in falling crude prices – profits from refining the crude rise with cheaper feedstock. While Saudi Arabia has been restricting …

Aramco's Strategic Borrowing Amid Oil Market Challenges

(MENAFN- The Arabian Post) Saudi Aramco has secured $5 billion through a three-part bond sale, signalling its commitment to leveraging debt markets to sustain growth and maintain financial stability amidst declining oil revenues. The bond issuance, …

Middle East Crude-Benchmarks rise for a second session as oil steadies

Middle East crude benchmarks Oman, Dubai and Murban rose for a second session on Wednesday, as oil prices held steady on Wednesday after the U.S. barred Chevron CVX from exporting crude from Venezuela. The market, however, remains under supply pressure, …

Tanker Shipping Market Overview & Outlook: Lower economic growth weakens oil demand outlook

“In 2025, we forecast a balanced development in the crude tanker market followed by a slight weakening in 2026. The product tanker market is expected to weaken during both 2025 and 2026 as deliveries from the large order book increases supply growth,” says …

Chevron Ouster And Trump Tariff Block Cause Oil To Extend Its Gains

Meanwhile, OPEC decides not to tamper with output - for now: File Image/Pixabay Fickle oil traders on Wednesday pivoted effortlessly from worrying about global oversupply to expressing concern about supply tightness due to Chevron's Venezuelan …

Oil prices rise over 1% as OPEC+ holds output steady

Oil prices climbed more than 1% on Wednesday as OPEC+ decided to maintain its current production policy and the U.S. government barred Chevron from exporting Venezuelan crude. Brent crude futures rose 91 cents, or 1.42%, to $65 a barrel by 1:48 p.m. EDT ( …

Oil Prices Edge Up After US Bans Chevron from exporting Venezuelan crude

Goldman Sachs is already forecasting a further decline in commodity prices owing to significant growth in non-OPEC oil supply. According to estimates, Brent could fall to $56, while WTI might drop to $52. Last month, the global brokerage also mentioned …

OPEC+ meets as oil output hike looms

Eight key OPEC+ members are expected to accelerate oil production increases. Photo: AHMAD AL-RUBAYE / AFP/File Source: AFP Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms …

OPEC+ Output Plans Keep Pressure on Oil Futures

Oil prices gain over 1% on supply concerns

NEW YORK: Oil prices gained more than 1% on Wednesday on supply concerns as Opec+ agreed to leave their output policy unchanged and as the US barred Chevron from exporting Venezuelan crude. Investors previously anticipated members of Opec+ would agree to a …

Iraq’s exports $2.7B in oil to Italy in 2024

2025-05-28T18:52:07+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq delivered $2.68B in oil shipments to Italy in 2024, maintaining its role as a key energy supplier to the European market, official trade data showed. The exports included 4.32 …

Oil Rises Amid Sanctions Risk

Oil climbed as the market assessed the risk of additional US sanctions on Russia and the chance that nuclear talks with Iran will fail to produce an agreement. West Texas Intermediate rose 1.6% to settle near $62 a barrel after President Donald Trump said …

Facet Power, Kalulu Resources, & ReinAgri Announce ReinPower Climate-Smart Poultry Joint Venture

Transforming South Africa’s Poultry & Energy Sectors with Climate-Smart Innovation CAPE TOWN, WESTERN CAPE, SOUTH AFRICA, June 1, 2025 /⁨EINPresswire.com⁩/ -- Facet Power, Kalulu Resources, and ReinAgri have joined forces to launch ReinPower, …

leagend Debuts Smart UPS Battery Management Solution to Strengthen Power Security for Financial Institutions

leagend SOLUTIONS, a global leader in battery monitoring and intelligent power management systems, has officially launched its UPS Battery Management Solution. SHENZHEN, GUANGDONG, CHINA, May 31, 2025 /⁨EINPresswire.com⁩/ -- In response to the …

Deltron Electric Enhances Safety with Expert Electrical Panel Installations

Deltron Electric offers professional electrical panel installation services to enhance safety and efficiency in homes and businesses. COCOA, FL, UNITED STATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- Deltron Electric, a provider of residential and …

Lámparas colgantes: cómo esta tendencia transforma los espacios del hogar

Descubrí cómo las lámparas colgantes de UBID Iluminación combinan diseño, funcionalidad y estilo para transformar cada ambiente del hogar. BUENOS AIRES, BUENOS AIRES, ARGENTINA, May 30, 2025 /⁨EINPresswire.com⁩/ -- Las lamparas colgantes se han …

UAE’s Climate Law Signals a Global Shift: From Aspirations to Enforcement

The United Arab Emirates has enacted Federal Decree-Law No. 11 of 2024—a bold legislative move that elevates climate ambition into an enforceable obligation. DUBAI, UNITED ARAB EMIRATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- In a defining moment for global …

Simmitri Inc. Expands Access to U.S.-Made Solar Technologies Amid Supply Chain Concerns

Simmitri Inc. Offers Bay Area Property Owners a Smart, Tariff-Resistant Solar Option with Trusted American-Made Products and GAF Energy Partnership SAN JOSE, CA, UNITED STATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- As U.S. property owners face …

Carpe Diem Technology Solutions and Advanced Media Technologies (AMT) Announce Strategic Partnership

DEERFIELD BEACH, FL, UNITED STATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- Carpe Diem Technology Solutions and Advanced Media Technologies (AMT), a trusted leader in telecommunications with over four decades of industry expertise, are proud to …

First Direct Evidence of a Natural Hydrogen Reservoir Found in Romania’s Ophiolite Rocks

A scientific breakthrough has been made in Romania: hydrogen-rich, pressurized underground reservoir within ophiolite rocks found. TIșOVIțA–IUțI, ROMANIA, May 30, 2025 /⁨EINPresswire.com⁩/ -- The discovery stems from a borehole drilled in the …

Heinrich Invites U.S. Forest Service Chief to Pecos Watershed

Heinrich’s invitation follows the U.S. Forest Service’s decision to reverse Pecos Watershed mining withdrawal  WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Energy and Natural Resources Committee, sent a letter inviting U …

Heinrich Leads Letter to the Department of the Interior Inspector General Urging Evaluation of Threats Posed by ...

WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Energy and Natural Resources Committee, led seven Democratic Senate Energy and Natural Resources Committee colleagues in a letter urging the U.S. Department of the Interior …

Heinrich Presses Trump Administration on Plans to Transfer Public Lands

WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Energy and Natural Resources Committee, sent a letter to U.S. Department of the Interior Secretary Doug Burgum demanding answers on the Department’s plans to transfer National …

Decarbonization Service Market 2025 Is Booming Worldwide by 2032 | Schneider Electric, ENGIE, Siemens, AECOM

CA, UNITED STATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- Decarbonization Service Market is estimated to be valued at USD 98.76 Bn in 2025 and is expected to reach USD 222.45 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 12.3% from …

Criterion HCM and Delta Constructors Take the Stage at Sage FUTURE 2025

Live Panel Discussion Showcases Real-World Impact of Unified HR Technology NORWALK, CT, UNITED STATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- Criterion HCM, the trusted HR platform designed to simplify the complex, is proud to announce a special joint …

Global Waste-Derived Biogas Market Outlook 2025-2034: Growth Drivers, Share, And Trends

The Business Research Company's Waste-Derived Biogas Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 30, 2025 /⁨EINPresswire.com⁩/ -- In recent years, the waste-derived …

Pioneers Heating & Air Shares New Guide to Year-Round HVAC Comfort

Local HVAC Experts Share Proactive Tips for Every Season PASADENA, CA, UNITED STATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- Pasadena’s mild climate isn’t as forgiving as it might seem, and seasonal weather shifts can still take a toll on HVAC …

MYPLANT & GARDEN MIDDLE EAST 2025 TO ACCELERATE GCC’S GREEN VISION

DUBAI, DUBAI EXPO CITY, UNITED ARAB EMIRATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- Myplant & Garden Middle East, the first and only international B2B trade fair in the Middle East dedicated to ornamental horticulture, is gaining strong momentum …

MENA: UAE’s Landmark Climate Law Takes Effect, Marking A Bold Leap Toward Regional Climate Leadership

ABU DHABI, UNITED ARAB EMIRATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- As the UAE Federal Decree-Law No. 11 of 2024 on the Reduction of Climate Change Effects officially comes into force on May 30, 2025, Greenpeace Middle East and North Africa (MENA …

Moonshot Missions' New Report: Clean Water Access Expanded to 12 Million Americans

Report highlights national expansion and innovative solutions bringing clean water access to underserved U.S. communities, funded in part by the EPA WASHINGTON, DC, UNITED STATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- Moonshot Missions, a nonprofit …

Avista issues all-source request for proposals for new energy and capacity resources along with Demand Response

SPOKANE, Wash., May 30, 2025 (GLOBE NEWSWIRE) -- Avista, through a request for proposal (RFP), is seeking proposals from bidders to add energy and capacity including distributed energy resources, to meet projected resource needs. In addition, Avista is …

Harold Achicanoy Redefines HVAC Distribution and Engineering in Florida Through Comfort Technical Solutions

HVAC expert completes key hospital project and expands impact across Tampa with leading brands Everwell, Daizuki, and Copper&Hunter TAMPA, FL, UNITED STATES, May 30, 2025 /⁨EINPresswire.com⁩/ -- Harold Achicanoy, an emerging leader in Florida’ …