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South Central U.S. OPEC News Monitoring

  • Published on Jun 2, 2025

    Stocks mixed, oil up on rising trade tensions, …

    "Trump's pledge to double steel and aluminium import tariffs have caused fresh uncertainty, especially with the European Union vowing to retaliate against the measures," said Susannah Streeter, head of money and markets at Hargreaves Lansdown …

    Source: Fort Bend Herald - Texas - Pending
  • Published on Jun 2, 2025

    Stocks mixed, oil up on rising trade tensions, geopolitical risks

    Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock markets were mixed as US-China trade tensions resurfaced after a brief lull. The dollar was under renewed pressure as traders …

    Source: The Paintsville Herald - Kentucky - Neutral
  • Published on Jun 2, 2025

    Trump's tariff and energy policies threaten US oil value as OPEC increases supply

    WASHINGTON (TNND) — The OPEC+ oil cartel said over the weekend that several members will ramp up production for the third consecutive month in another potential hit to a struggling U.S. oil industry that is being hit by low prices and tariffs that have …

    Source: WJAR - Rhode Island - Center-right
  • Published on Jun 2, 2025

    U.S. Gas Prices Dip Ahead of Summer Driving Season

    The national average price of gasoline in the United States has declined by 3.8 cents over the past week, now standing at $3.09 per gallon, according to GasBuddy's latest report.  Patrick De Haan, head of petroleum analysis at GasBuddy, noted, " …

    Source: Oil Price - Neutral
  • Published on Jun 2, 2025

    Oil jumps 3% after OPEC+ keeps output increase unchanged

    LONDON :Oil prices jumped by about 3 per cent on Monday after producer group OPEC+ kept output increases in July at the same level as the previous two months. Brent crude futures climbed by $1.74, or 2.77 per cent, to $64.52 a barrel by 0827 GMT. U.S. West …

    Source: Channel News Asia - Pro-Government
  • Published on Jun 2, 2025

    Oil Soars 4% As Ukrainian Drones Override OPEC+ Hikes

    Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the aftermath of a massive Ukrainian drone strike on four Russian military airports overnight.   Overnight, …

    Source: Oil Price - Neutral
  • Published on Jun 2, 2025

    WTI Price Forecast: Oil Prices Climb On Weaker USD, Geopolitical Tension, WTI Stalls Near Key Resistance

    Monday, June 2, 2025 1:48 PM EDT Image Source: Pixabay Crude oil rises over 2.5% on Monday, trading near $62.60 after an early session jump to $63.25. WTI hovers below the 50-day EMA at $62.70, which has capped upside since mid-May. Technical indicators …

    Source: myMotherLode - California - Pending
  • Published on Jun 2, 2025

    Main US oil contract price surges on geopolitical tensions

    by Naharnet Newsdesk 02 June 2025, 16:46 Oil prices rose sharply on Monday amid concerns about Russia's war in Ukraine and Iran nuclear talks, along with market relief that OPEC+ did not increase crude production as much as some had feared. At around …

    Source: Naharnet - Neutral
  • Published on Jun 2, 2025

    Trade war and rising oil supplies weigh on crude prices

    KUWAIT: Worries over the health of the global economy amid escalating trade protectionism together with an accelerated unwind of OPEC+ output cuts pushed Brent crude to a four-year low of $60/bbl in early May – though prices have risen off their lows. …

    Source: Kuwait Times - Pro-Government
  • Published on Jun 2, 2025

    Oil prices jump 4% as OPEC+ sticks to output plan for July

    Oil prices jumped about 4% on Monday after OPEC+ confirmed it would maintain its current pace of output increases in July, matching levels set in May and June. Brent crude futures rose $2.28, or 3.6%, to $65.06 a barrel by 1335 GMT, while U.S. West Texas …

    Source: Profit by Pakistan Today - Neutral
  • Published on Jun 2, 2025

    OPEC+ production hikes could shake up oil prices

    A headline in the New York Times this weekend declared that U.S. energy companies are “battening down the hatches.” Major oil companies are apparently eyeing spending cuts, shutting down rigs and trimming their workforces.  At least part of that seems to …

    Source: KACU 89.5 - Texas - Public Broadcaster
  • Published on 05:11 GMT

    Sensex jumps 100 points, Nifty above 24,550 amid US-China trade talk optimism; auto stocks rise

    Benchmark equity indices, Sensex and Nifty, opened higher on Wednesday, tracking positive cues from global peers, as optimism over a potential breakthrough in US-China trade talks lifted market sentiment. The 30-share BSE Sensex rose 186 points, or 0.23%, …

    Source: The Economic Times - Pending
  • Published on Jun 2, 2025

    Stocks retreat over trade row; oil surges on geopolitical risks

    Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock markets mostly slid as US-China trade tensions resurfaced. The dollar was under pressure while Wall Street's main stock …

    Source: Goldsboro News-Argus - North Carolina - Neutral
  • Published on 12:08 GMT

    Markets Today: Eurozone Business Growth Stalls, DAX Eyes ATH, BoC Decision Next

    Asian Market Wrap Asian equities broke a four-day losing streak as markets drew some optimism from positive US labor data. The labor data appeared to soothe market concerns around a global slowdown, even if the move proves temporary it is a welcome one. …

    Source: Investing - Neutral
  • Published on Jun 2, 2025

    Oil Prices Rise 3% As OPEC Keeps July Output Policy Unchanged

    Monday, June 2, 2025 8:30 AM EDT  Photo by Timothy Newman on Unsplash   OPEC+ agreed to increase oil production by 411,000 barrels a day in July. Despite the increase, oil prices rallied due to expectations of a larger hike. ING Group forecasts Brent crude …

    Source: myMotherLode - California - Pending
  • Published on Jun 2, 2025

    Gas prices dip below $3 a gallon in some Michigan cities

    Michigan gas prices dropped to $3.08 a gallon, below the national average. Crude oil prices have been just over $60 a barrel, lower than last year. OPEC plans to increase oil production by 411,000 barrels a day in July. Michigan gas prices dropped to $3.08 …

    Source: Detroit Free Press - Michigan - Center-left
  • Published on Jun 2, 2025

    Rising Geopolitical Tensions Push Global Oil Prices Higher

    Oil prices climbed on the global commodity markets as heightened geopolitical tensions flared following Ukrainian drone strikes on Russian military air bases, even as both countries prepared for fresh peace talks in Istanbul. The gains come amid a tug-of- …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on Jun 2, 2025

    Oil prices rise after OPEC+ decision to increase production in July

    [Mon, 02 Jun 2025 13:20:28 +0300] Singapore - (Saba): Oil prices rose by more than $1 a barrel in early Asian trading after the OPEC+ group decided to increase production in July by the same amount it increased in each of the previous two months, in line …

    Source: Yemen News Agency SABA - Gov't Propaganda
  • Published on Jun 2, 2025

    Goldman Expects OPEC+ Output Hikes to End in August

    Goldman Sachs expects OPEC+ to make its final production hike in August at the now standard level of 411,000 barrels daily. “Relatively tight spot oil fundamentals, beats in hard global activity data, and seasonal summer support to oil demand suggest that …

    Source: Oil Price - Neutral

27 days 20:11:55

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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 …

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  • 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 …

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