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Russia OPEC Newswire

  • Published on May 31, 2025

    Eight OPEC+ members to discuss oil output plan for July at online meeting

    MOSCOW, May 31. /TASS/. Eight OPEC+ member states, which voluntarily reduce crude output, will have an online meeting on Saturday focusing on the oil production plan for July. Among the countries that have committed to voluntary adjustments to …

    Source: TASS - Gov't Propaganda
  • Published on May 30, 2025

    Oil prices set for weekly drop with tariff legal battles, OPEC+ in focus

    BEIJING : Oil prices were on track to end the week down more than 1 per cent on Friday amid whipsawing tariff rulings in the U.S. and as the market braced for a potential OPEC+ output hike. Brent crude futures slipped 26 cents, or 0.41 per cent, to $63.89 …

    Source: Channel News Asia - Pro-Government
  • 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

    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

    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

    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

    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

    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

    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

    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 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 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 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 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 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

    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 30, 2025

    Oil falls as investors assess US court ruling on Trump tariffs

    NEW YORK: Oil prices fell over 1% on Thursday, retreating from earlier gains, as investors weighed the potential effects of a US court ruling that blocked the most sweeping of President Donald Trump's tariffs. The market also watched for potential new …

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

    How the West is helping Russia to fund its war on Ukraine

    Vitaly ShevchenkoRussia editor, BBC Monitoring ShareSave In the fourth year of its full-scale invasion, Russia is still making billions for its war on Ukraine by selling fossil fuels abroad Russia has continued to make billions from fossil fuel exports to …

    Source: BBC - Public Broadcaster

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