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  • Published on Jun 11, 2025

    Oil Prices Reacted To The Results Of Trade Talks Between The US And China

    Brent futures fell. Oil prices declined as investors weigh the implications of recent trade talks between the United States and China, the results of which are yet to be considered by President Donald Trump. According to Reuters. It is also noted that …

    Source: Charter 97 - Center-left
  • Published on Jun 11, 2025

    Iraq spent $19bln on projects in 2024

    OPEC oil producer Iraq spent nearly $19 billion on projects last year and it managed to slash its forecast budget deficit due to higher oil revenues. The state budget recorded an actual deficit in 2024 of around IQD10 trillion ($8 billion), far below the …

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

    Saudi Arabia's first-quarter GDP grows by 3.4%, beating flash estimates

    Saudi Arabia's economy grew by more than expected in the first quarter of 2025, according to government data estimates, with lower oil prices impacting the economy less than previously forecast. First-quarter GDP grew by 3.4% compared to the same …

    Source: Zawya - Indeterminate
  • Published on Jun 11, 2025

    World Bank upgrades UAE’s 2025 growth forecast to 4.6%, boosted by non-oil sector growth

    The World Bank has revised the UAE’s GDP forecast to 4.6% in 2025, up 0.6 percentage points from its January projection, with the country’s non-oil sector emerging as a “key contributor” for this growth. The UAE’s growth forecast for 2026 has also been …

    Source: Zawya - Indeterminate
  • Published on Jun 11, 2025

    UAE Set For Accelerated Growth On Diversified Economy

    (MENAFN- The Arabian Post) Arabian Post Staff -Dubai The World Bank has raised its forecast for the UAE's gross domestic product to 4.6 percent in 2025, marking a notable upward revision of 0.6 percentage points from its January outlook. The renewed …

    Source: MENAFN - Indeterminate
  • Published on Jun 11, 2025

    Reuters: Falling Oil Prices Delay FG’s $5bn Oil-backed Loan from Saudi Aramco

    •Parties may renegotiate record deal Emmanuel Addehin Abuja and Peter Uzohoin Lagos Recent falling oil prices are delaying a deal by Nigeria and Saudi Arabian oil company, Aramco,  as both parties struggle to reach an agreement on a record $5 billion oil- …

    Source: This Day - Pro-Government
  • Published on Jun 11, 2025

    Oil prices soften as markets assess US-China trade talks outcome

    Oil prices softened in Asian trade on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market. Brent crude …

    Source: Zawya - Indeterminate
  • Published on Jun 11, 2025

    BofA: The Saudis Are Readying for a Long Oil Price War

    Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is …

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

    Frontline report: Russia faces oil price collapse as OPEC+ hikes production again

    Today, there is interesting news from the Middle East. Here, OPEC has made a decisive move to punish member states violating production quotas by ramping up output and pushing oil prices to new lows. As the global markets react, the shockwaves hit Russia …

    Source: Euromaidan Press - Neutral
  • Published on Jun 11, 2025

    Gas Prices Ease as Summer Driving Season Begins

    BEND, Ore. (KTVZ) – Gas prices are ticking down in most states, including Oregon. Refineries are cranking out plenty of product for the summer driving season. However, the price of crude oil has climbed above $65 per barrel, which could cause pump prices …

    Source: KTVZ - Oregon - Neutral
  • Published on Jun 11, 2025

    Oil up on hopes of positive US-China trade talks

    NEW YORK: Oil prices edged up 1% to a seven-week high on Tuesday on hopes trade talks between the US and China - the world’s two biggest economies - will result in a deal that could support global economic growth and boost oil demand. Brent crude futures …

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

    Nigeria’s $5bn oil-backed loan from Aramco stalls amid falling crude prices

    Negotiations between Nigeria and Saudi oil giant Aramco over a landmark $5 billion oil-backed loan have hit a roadblock following a sharp drop in crude oil prices, sparking caution among banks expected to co-finance the deal. According to a Reuters report, …

    Source: Tribune Online - Center-right
  • Published on Jun 11, 2025

    Saudi’s Aramco delays Nigeria’s crude-backed $5bn loan

    A new crude-for-loan deal between the Federal Government and Saudi Arabian oil company Aramco, worth $5bn, has stalled and is struggling to reach an agreement following the recent decline in crude prices. A report by Reuters quoting four sources on Tuesday …

    Source: Punch - Indeterminate
  • Published on Jun 11, 2025

    Oil Maintains Multi-Week High As Prospect Of China/U.S. Deal Looms

    Meanwhile, conflicting views of the state of the oil market abound: File Image/Pixabay Oil on Tuesday slid minimally but held its seven-week high as expectations grew for a trade deal between China and the U.S. – something that could inspire economic …

    Source: Ship & Bunker - Neutral
  • Published on Jun 12, 2025

    Western sanctions disrupt Russian diesel flows to Brazil

    Recent Western sanctions could hurt Russia’s capability of exporting clean petroleum products to Brazil in the short term, opening up trade opportunities for product tankers in the US and Asia, Milan-listed d’Amico International Shipping CEO Carlos …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 10, 2025

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

    [NEW YORK] Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks between the US and China. Analysts have said a trade deal between the countries with the world’s two biggest economies could boost prices by …

    Source: The Business Times Singapore - Neutral
  • Published on Jun 10, 2025

    Fallen Oil Prices Threaten Nigeria-Saudi Aramco’s $5bn Loan Deal

    June 10, (THEWILL) – The recent drop in crude oil prices has affected a proposed loan deal between Nigeria and the Saudi Arabian oil company, Aramco. According to Reuters, the $5bn facility, said to be Nigeria’s largest oil-backed loan, is being threatened …

    Source: The Will - Neutral
  • Published on Jun 10, 2025

    Oil prices rise as U.S.-China trade talks continue

    Oil prices rose on Tuesday, supported by U.S.-China trade talks and a drop in crude shipments from Saudi Arabia to China. Brent crude was up 23 cents to $67.27 a barrel, and U.S. West Texas Intermediate crude increased 17 cents to $65.46. U.S. and Chinese …

    Source: Profit by Pakistan Today - Neutral
  • Published on Jun 10, 2025

    Nigeria’s $5bn oil-backed loan from Aramco faces setback amid slumps in oil price

    Nigeria and Saudi Arabian oil company Aramco have been unable to reach an agreement on a $5 billion oil-backed loan, according to Reuters. Sources told Reuters that the delay was due to a persistent decline in crude prices, which had sparked concerns among …

    Source: Daily Post - Neutral

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