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OPEC News Monitoring

  • Published on Jun 11, 2025

    Oil prices jump 4% on rising Middle East tension

    Oil prices rose more than 4 per cent on Wednesday as the US was preparing to evacuate non-essential staff from its embassy in Baghdad amid rising regional tension. Brent crude futures rose $1.96, or 3.02 per cent, to $66.82 per barrel. West Texas …

    Source: The National News - Pro-Government
  • Published on Jun 11, 2025

    Live: Oil prices leap on Middle East tensions, ASX set to rise

    Oil prices rose to two-month highs overnight and are continuing to push higher.Reports, from the BBC, among others, cited sources saying the US was preparing to partially evacuate its Iraqi embassy due to heightened security concerns in the region. …

    Source: ABC (Australian Broadcasting Corporation) - Neutral
  • Published on Jun 10, 2025

    OPEC oil output in May rises less than planned

    OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi Arabia and the United Arab Emirates made smaller hikes than allowed. The Organization of …

    Source: Cyprus Mail - Indeterminate
  • Published on Jun 11, 2025

    US oil output set for first annual drop since pandemic

    Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world US oil production will fall next year for the first time since the Covid-19 pandemic, according to a government forecast …

    Source: The Financial Times - Neutral
  • Published on Jun 11, 2025

    Oil Prices Jump to 2-Month High on Middle East Concerns, Trade Optimism

    Brandon Bell / Getty Images Oil prices fell to a 4-year low in April amid tariff-induced economic uncertainty. Oil prices rose as a U.S.-China trade deal and soft inflation report boosted demand expectations while concerns about political instability …

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

    What’s next for Portage gas prices this summer?

    Gas prices around Portage la Prairie remain steady, with most stations sitting around 128.9 or 129.9 cents per litre. That trend is likely to continue through the summer, according to Patrick De Haan, head of petroleum analysis at GasBuddy.com. “Certainly …

    Source: Portage Online - Pending
  • Published on Jun 11, 2025

    Oil prices hit 7 week high after Trump says China deal reached

    Oil prices rose to their highest in weeks on Wednesday after U.S. President Donald Trump said a deal had been made with China. The announcement raised hopes of easing trade tensions between the two largest economies. Brent crude rose $1.15 to $68.02 a …

    Source: Profit by Pakistan Today - Neutral
  • Published on Jun 11, 2025

    Iraq scales back oil output under OPEC+ compliance push

    2025-06-11T17:15:09+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq reduced crude exports to 4 million barrels per day (bpd) in May 2025, down 50,000 bpd from April, to address overproduction, according to S&P Global Commodity Insights on …

    Source: Shafaq News - Indeterminate
  • Published on Jun 11, 2025

    Oil rises to 7-week high on US-China trade deal

    Oil prices rose to their highest in seven weeks on Wednesday as U.S. President Donald Trump said a deal had been done with China, heightening expectations of a de-escalation in trade tensions between the world's two largest economies. Brent crude …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Jun 11, 2025

    FG’s plan for fresh $5bn oil-backed loan hindered by low price – Report

    The federal government’s plan to secure a $5 billion oil-backed loan from Saudi Arabian oil company, Aramco has been hampered by low oil prices in the international market. A report by Reuters referencing four sources said the recent decline in crude oil …

    Source: Business Hallmark - Neutral
  • Published on Jun 11, 2025

    Brent Crude Oil Price Exceeded $68 Per Barrel

    2 For the first time in a month and a half. The cost of August futures for Brent crude oil on the London-based ICE Futures exchange rose by 1.66% to $68.12 per barrel. The price of Brent crude exceeded the $68 per barrel mark for the first time since April …

    Source: Charter 97 - Center-left
  • Published on Jun 9, 2025

    OPEC Oil Production Fell Short of OPEC+ Target in May

    OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a large output hike planned for last month. All 12 OPEC members produced 26.75 million barrels per day (bpd) in May, up by 150,000 bpd from April, a Reuters …

    Source: Oil Price - Neutral
  • Published on Jun 9, 2025

    OPEC oil output in May rises less than planned, Reuters survey finds

    London: OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi Arabia and the United Arab Emirates made smaller hikes than allowed. The …

    Source: ETEnergyworld.com - Indeterminate
  • Published on Jun 11, 2025

    Oil Prices Edge Down Slightly; Brent at $66.6 per Barrel

    Oil prices slipped in early trading on Wednesday amid ongoing assessments of U.S.-China trade talks and concerns over weak crude demand from China, coupled with increased output from OPEC and its allies.اضافة اعلان As of 01:19 GMT, Brent crude futures fell …

    Source: Jordan News - Indeterminate
  • Published on Jun 11, 2025

    Oil Jumps on US-China Trade Deal

    Karim Bastati DTN Analyst VIENNA (DTN) -- Oil futures rallied to a two-month high Wednesday morning after U.S. President Trump announced a trade deal between the United States and China. While details remained sparse, the agreement reached after two days …

    Source: Progressive Farmer - Neutral
  • Published on Jun 11, 2025

    OPEC Chief Claims Oil Demand Growth Is Here to Stay

    Crude oil demand will continue growing over the coming decades as the world’s population increases, the secretary-general of OPEC, Haitham Al Ghais, said this week, predicting a 24% cumulative rise in this demand until 2050. “There is no peak in oil demand …

    Source: Oil Price - Neutral
  • Published on Jun 11, 2025

    Oil Surges as US Orders Partial Evacuation of Iraqi Embassy

    (Bloomberg) -- Oil surged as the US government ordered a partial evacuation of its embassy in Iraq amid rising security risks. Most Read from Bloomberg West Texas Intermediate futures jumped 4.9% to settle above $68 a barrel, the largest gain since October …

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

    Commodity Radar: Rally accelerates as crude oil prices jump 10% in a month. Know why to hold your horses

    Although crude oil prices are currently buoyed by tight supply and positive sentiment, the outlook for the second half of 2025 is clouded by the prospect of rising supply and persistent demand-side risks, says Naveen Mathur, Director - Commodities & …

    Source: The Economic Times - Pending
  • Published on Jun 11, 2025

    Oil rises to 7-week high as investors await trade truce details and US-Iran talks

    LONDON: Oil prices rose to a seven-week high on Wednesday as markets assessed the outcome of US-China trade negotiations, while pessimism over US-Iran nuclear talks also provided support. Brent crude futures were up 82 cents, or 1.2%, to $67.69 a barrel at …

    Source: Business Recorder - Neutral

18 days 15:21:42

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