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A service for global professionals · Wednesday, June 4, 2025 · 818,817,941 Articles · 3+ Million Readers
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Saudi Arabia OPEC Newswire

  • Published on Jun 3, 2025

    Oil Bulls Regain Control—Technical Breakout in Sight

    Oil prices surged yesterday ending the day with a 3.75% gain as OPEC+ surprised markets with a supply increase that came in below expectations. Add to this rising tensions between Russia and Ukraine over the weekend and the perfect cocktail for gains …

    Source: Investing - Neutral
  • Published on Jun 3, 2025

    The OPEC+ Nations That Were Reluctant to Boost Production

    Unlike Russia and Oman, Algeria wasn’t initially in favor of a pause in the OPEC+ oil production increases at this weekend’s meeting, Bachar El-Halabi, senior correspondent at Argus Media, reports, citing a senior source within the OPEC+ group. Initially, …

    Source: Oil Price - Neutral
  • Published on Jun 3, 2025

    OPEC Raises Oil Output as Group Begins Bumper Set of Hikes

    [Stay on top of transportation news: Get TTNews in your inbox.] OPEC raised oil production last month as the group began a series of accelerated increases spurred by Saudi Arabia, according to a Bloomberg survey. The 12 members of the Organization of the …

    Source: Transport Topics - Neutral
  • Published on Jun 3, 2025

    OPEC Raises Oil Output as Group Begins Bumper Set of Increases

    OPEC raised oil production last month as the group began a series of accelerated increases spurred by Saudi Arabia, according to a Bloomberg survey. The 12 members of the Organization of the Petroleum Exporting Countries boosted supplies by 200,000 barrels …

    Source: Rigzone - Neutral
  • Published on Jun 3, 2025

    Gas prices in Bend and around Oregon slide lower, despite rising crude oil prices

    PORTLAND, Ore. (KTVZ) – Gas prices are edging lower as June begins, even as crude oil prices are climbing, AAA Oregon/Idaho reported Tuesday. The Ukrainian attacks on Russia are putting upward pressure on oil prices, but prices remain below $65 per …

    Source: KTVZ - Oregon - Neutral
  • Published on Jun 3, 2025

    Gas Prices Decline When They Normally Head Up

    Gas prices are edging lower as June begins even as crude oil prices are climbing. The Ukrainian attacks on Russia are putting upward pressure on oil prices, but prices remain below $65 per barrel. This is helping to keep pump prices calm even as demand for …

    Source: K103 Portland - Oregon - Pending
  • Published on Jun 3, 2025

    The downside oil market risks of a new Iran deal

    After five rounds of negotiations to date, the United States and Iran have yet to reach a new agreement on the Iranian nuclear program, though reportedly the two sides have made some limited progress and plan to meet again. Most of the Middle East is …

    Distribution channels: Politics
  • Published on Jun 3, 2025

    Oil prices climb on geopolitical tension concerns

    NEW YORK: Oil prices climbed about 2% on Tuesday to a two-week high, as persistent geopolitical tensions between Russia and Ukraine and the US and Iran looked set to keep sanctions on both Russia and Iran in place for longer. Brent crude futures rose $1.11 …

    Source: Business Recorder - Neutral
  • Published on Jun 3, 2025

    Oil climbs 2% to 2-week high on geopolitical tensions

    NEW YORK (Reuters) - Oil prices climbed about 2% on Tuesday to a two-week high as persistent geopolitical tensions between Russia and Ukraine, and the U.S. and Iran looked set to keep sanctions on both OPEC members Russia and Iran in place for longer. …

    Source: Mint - Neutral
  • Published on Jun 3, 2025

    OPEC+ approves another crude quota jump for July

    Eight countries implementing voluntary crude production cuts agreed May 31 to another accelerated quota hike for July, as they bid to regain market share. OPEC+ voluntary cutters’ quotas will rise by 411,000 b/d in July — the same level as increases …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 3, 2025

    Behind OPEC+ oil output hike, Saudi-Russian tensions simmer

    Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil output increases while Moscow argued for a pause, four OPEC+ sources with knowledge of the talks said. Tension between the two most …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 3, 2025

    Business InsightsThere's a less popular reason why Opec+ is unwinding oil cuts

    At the weekend, the group of eight Opec+ oil producers decided to continue their sped-up path towards unwinding their so called “voluntary cuts” in July by adding another 411,000 barrels per day of output. The result: oil prices rose by about 3 per cent …

    Source: The National News - Pro-Government
  • Published on Jun 3, 2025

    Business InsightsThere's a less popular reason why Opec + is unwinding oil cuts

    At the weekend the group of eight Opec+ oil producers decided to continue their sped-up path towards unwinding their so called “voluntary cuts” in July by adding another 411,000 barrels per day of output. The result: oil prices rose by about 3 per cent …

    Source: The National News - Pro-Government
  • Published on Jun 3, 2025

    Mideast Stocks: Gulf bourses in green as oil prices rise

    Most stock markets in the Gulf were trading higher early on Tuesday as oil prices ticked up on concerns about supply.  Dubai's main share index, up 0.40%, was set for a second consecutive session of gains and Abu Dhabi's benchmark index was set to …

    Source: Zawya - Indeterminate
  • Published on Jun 3, 2025

    OPEC+’s crude output hike comes amid tepid Asian oil demand

    The crude oil market devotes considerable energy to what OPEC+ says, but perhaps a little less to what it actually does when it comes to the supply of the world’s most important commodity. The eight members of the wider group that had implemented voluntary …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 3, 2025

    Japanese refiners base US crude buy decisions on OPEC+ supplies, Middle East OSPs

    Japanese refiners are keen to regularly buy US crude in pursuit of feedstock import diversification, but OPEC+ supply and Middle Eastern crude price trends would mainly determine monthly North American cargo purchases, refinery sources said May 30-June 2. …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 3, 2025

    Is A New Oil Price War Between The West And OPEC About To Break Out?

    It is highly unlikely that anyone with even a modicum of intelligence has lost money in the past ten years or so by trading against the predictable thinking of those in charge of Saudi Arabia’s oil policy. Quite the reverse, in fact, with enormous profits …

    Source: Oil Price - Neutral
  • Published on Jun 3, 2025

    President Ilham Aliyev addressed official opening ceremony of 30th Caspian Oil and Gas Exhibition, 13th Caspian Power ...

    On June 2, President of the Republic of Azerbaijan Ilham Aliyev attended the official opening ceremony of the 30th Anniversary Caspian Oil and Gas Exhibition, 13th Caspian International Power and Green Energy Exhibition, and the 30th Anniversary Baku …

    Source: APA - Gov't Propaganda
  • Published on Jun 2, 2025

    U.S. crude oil rises about 3% as rig count falls, OPEC+ increases output at steady rate

    U.S. crude oil futures rose about 3% on Monday after OPEC+ increased production at a steady rate, easing investor fears that the group might boost output even faster. West Texas Intermediate futures rose $1.73, or 2.85%, to close at $62.52 per barrel. …

    Source: CNBC - Neutral

28 days 07:48:35

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  • Published on June 3, 2025 - 20:52 GMT

    The downside oil market risks of a new Iran deal

    After five rounds of negotiations to date, the United States and Iran have yet to reach a new agreement on the Iranian nuclear program, though reportedly the two sides have made some limited progress and plan to meet again. Most of the Middle East is …

    Distribution channels: Politics
  • Published on June 1, 2025 - 11:08 GMT

    OPEC+ Ramps Up Oil Output by 411,000 BPD in July

    (MENAFN) On Saturday, the Organization of the Petroleum Exporting Countries (OPEC) and its allied producers, collectively called OPEC+, revealed plans to ramp up oil production by 411,000 barrels per day (bpd) starting in July. This decision was reached …

    Distribution channels: ...
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