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Singapore OPEC Newswire

  • Published on Jun 13, 2025

    Big-time oil price hike next week due to lower inventories

    Consumers will have to brace for a big-time oil price hike next week, with as much as P1.40 per liter due to optimism over the US-China trade deal and falling crude inventories. This will be the third consecutive oil price hikes for gasoline and diesel …

    Source: Manila Standard - Pro-Government
  • Published on Jun 13, 2025

    Why Iran won't block the Hormuz Strait oil artery even as war with Israel looms

    Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. ATTA KENARE | AFP | Getty Images As tensions surge following Israeli strikes on Iran, fears have resurfaced that the …

    Source: CNBC - Neutral
  • Published on Jun 13, 2025

    Oil prices rise as Israel launches air strikes on Iran, putting in doubt Mid-East supplies

    The worsening Middle East conflict raises the risk of disruptions to oil supplies from key oil- producing nations in the region.PHOTO: REUTERS SINGAPORE – Oil prices spiked to their highest level in three years early on June 13 as news broke that Israel …

    Source: The Straits Times - Pro-Government
  • Published on Jun 13, 2025

    Oil prices soar, Asia stocks drop after Israel strikes Iran

    Crude oil prices soared, raising fears of fresh confrontations in a region that accounts for a third of global crude production.PHOTO: REUTERS Follow our live coverage here. SYDNEY – Crude oil prices soared after Israel carried out air strikes against …

    Source: The Straits Times - Pro-Government
  • Published on Jun 12, 2025

    Gold and oil surge after US personnel leave the Middle East

    Oil prices climbed on Thursday to levels not seen in over two months after US President Donald Trump ordered the relocation of American personnel from the Middle East. Gold climbed as much as 0.6% to about $3,373 an ounce. By 12:30 a.m. GMT, Brent crude …

    Source: Cryptopolitan - Indeterminate
  • Published on Jun 10, 2025

    Oil rises on US-China talks and Saudi supply dip

    Oil prices extended gains on Tuesday, buoyed by U.S.-China trade talks and a dip in Saudi Arabian crude supply to China. Brent crude futures rose 23 cents, or 0.3%, to $67.27 a barrel by 1331 GMT, hovering near their highest since April 28. U.S. West Texas …

    Source: Zawya - Indeterminate
  • Published on Jun 10, 2025

    Oil prices hold near 7-week high as market waits for news from US-China trade talks

    By Scott DiSavino NEW YORK (Reuters) -Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks between the U.S. and China. Analysts have said a trade deal between the countries with the world's two biggest …

    Source: Yahoo Finance - Center-left
  • Published on Jun 9, 2025

    Oil prices steady ahead of US-China trade talks

    Oil prices were stable on Monday as investors awaited U.S.-China trade talks in London in the hope that a deal could boost the global economic outlook and subsequently fuel demand. Brent crude futures gained 11 cents, or 0.2%, to $66.58 a barrel by 1312 …

    Source: Zawya - Indeterminate
  • Published on Jun 9, 2025

    Oil prices hit multi-week highs amid US-China trade talks

    (Corrects session high for Brent to $67.19, from $67.12, in paragraph 2) By Stephanie Kelly NEW YORK (Reuters) -Oil prices hit multi-week highs on Monday, buoyed by a weaker U.S. dollar, while investors awaited news from U.S.-China trade talks in London in …

    Source: Yahoo Finance - Center-left
  • Published on Jun 11, 2025

    Middle East Crude-Benchmarks extend gains on hopes of stronger demand

    Middle East crude benchmarks Oman, Dubai and Murban extended gains for a third straight session on Tuesday, tracking strength in global oil futures market on hopes that U.S. and China would reach a deal that would improve fuel demand, traders said. Complex …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 11, 2025

    Diesel barely moves amid steady supply-demand; jet fuel cash diffs soften

    Asia’s middle distillates’ spot markets barely moved and were trading at rangebound levels on Tuesday as activity stayed at the same pace from the previous session, though jet fuel spot differentials were still under pressure. Recent fluctuations in diesel …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 13, 2025

    Fuel prices seen to spike for second straight week

    LOCAL oil industry sources announced that all fuel products are likely to increase in prices again next week, mainly due to recent global developments. They said that gasoline prices could likely increase between P0.90 to P1.40 per liter, and diesel prices …

    Source: The Manila Times - Indeterminate
  • Published on Jun 13, 2025

    Fuel price hike expected for second straight week

    MANILA, Philippines — Fuel prices are expected to increase for the second straight week as a result of the ongoing trade talks between the US and China, among others, according to local oil industry sources. Gasoline prices may increase between P0.90 and …

    Source: The Manila Times - Indeterminate
  • Published on Jun 11, 2025

    More July refiner offers emerge; BP buys more on window

    Asia’s middle distillates markets picked up trading pace on Wednesday as more July spot refiner offers emerged and window activity remained upbeat, with one western trading house continuing to scoop up cargoes on the window. More July spot offers emerged …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 11, 2025

    Middle East Crude-Dubai slips on strong selling pressure

    Middle East crude benchmark Dubai slipped for the first time in four sessions on Wednesday following strong selling pressure from U.S. majors and a Japanese trading house on the window. QatarEnergy is expected to issue soon monthly tenders to sell various …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 11, 2025

    HSFO trading momentum cools; backwardation narrows

    Trading momentum in the Asia high sulphur fuel oil (HSFO) market took a breather on Wednesday, slowing from the previous sessions, while backwardation narrowed at the prompt months. Singapore cash differential for 380-cst HSFO remained at a premium above $ …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 11, 2025

    Gasoline steady; Wanhua Chemical shuts phase 1 cracker

    Asia’s gasoline refining profit margin traded firm near $10 per barrel over Brent crude for the eighth straight session amid upbeat window trades for benchmark-grade of the fuel. Traders still sought clarity on supplies to Indonesia via term tenders which …

    Source: Hellenic Shipping News - Neutral
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