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Published on Apr 4, 2025

Oil Prices Down 6% on OPEC+ Output Increase, Trump’s New Import Tariffs

By Adedapo Adesanya Oil prices plunged by about 6 per cent on Thursday, their biggest decline since 2022, after the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) agreed to a surprise output increase the day after the US President …

Source: BusinessPost Nigeria - Uncategorized
Published on Apr 4, 2025

Why OPEC+ is ramping up oil production even as prices slump and tariffs shake global markets

In a surprising move that rattled energy markets, OPEC+ announced a sharper-than-expected increase in oil production, even as prices tumble and global economic uncertainty grows due to U.S. President Donald Trump’s sweeping tariff announcements. Eight key …

Source: Business Upturn - Label Pending
Published on Apr 4, 2025

Oil price drops to $65 per barrel — lowest level since April 2021

Brent crude oil price fell on Friday to $65.58 per barrel for the first time in four years. During trading, Brent crude price, the global oil benchmark, depreciated by 7 percent to trade at $65.58 — the lowest since April 2021. The US West Texas …

Source: The Cable - Neutral
Published on Apr 4, 2025

Oil prices crumble as Saudi Arabia throws in the towel on restricting supply

Oil prices continued their free fall on Friday as the market absorbed a double whammy of shocks after US President Donald Trump announced sweeping global tariffs and the Opec+ alliance decided to massively increase crude production. The price of Brent, the …

Source: Middle East Eye - Uncategorized
Published on Apr 4, 2025

Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets

The Phillips 66 Company's Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump's sweeping and market-hammering tariff announcements. …

Source: CNBC - Neutral
Published on Apr 4, 2025

Oil prices plummet to lowest since 2021 after OPEC+ alliance announces production increase

Oil prices have plummeted to their lowest point since 2021, following an unexpected announcement from eight countries, including Saudi Arabia and Russia, that they will increase production. This surprising decision by the OPEC+ alliance was made via a …

Source: BusinessLive - Neutral
Published on Apr 4, 2025

Trump's Tariffs Trigger Biggest Oil Price Drop Since 2021

Oil prices plunged this week as a one-two punch of sweeping U.S. import tariffs and an unexpected OPEC+ supply hike erased $10 per barrel from global benchmarks. Friday, April 04, 2025 The combined effect of Donald Trump’s import tariffs, OPEC+’s …

Source: Oil Price - Neutral
Published on Apr 4, 2025

Nigerian Oil Industry: Will a New Board Block the Corruption Cesspool?

By Paul Ejime Ordinarily, President Bola Tinubu’s reconstitution of the governing board of the Nigerian National Petroleum Company (NNPC) Limited should inspire hope for positive changes in the country’s beleaguered petroleum sector, but for critics and …

Source: GNN Liberia - Neutral
Published on Apr 4, 2025

Oil down by $10, new headache for Nigeria’s economy

Nigeria’s economy faces fresh risk as international crude oil prices slump by $10 per barrel, threatening the country’s already stretched fiscals and exposing deep-rooted vulnerabilities in Africa’s largest crude oil producer. The decline, driven by US …

Source: Business Day - Neutral
Published on Apr 4, 2025

Naira Drops 1.4% As Higher Tariffs Impact Nigeria’s Exports

The naira depreciated sharply in the official foreign exchange market following the U.S. imposition of a 14% tariff on Nigerian exports, raising concerns over lower foreign exchange inflows. The surge in dollar demand by market participants outpaced supply …

Source: Biz Watch Nigeria - Uncategorized
Published on Apr 4, 2025

Oil Prices Drop Below $70 As OPEC+ Accelerates Output Increases

Oil prices fell below $70 per barrel as OPEC+ members eased their production cuts, ramping up output ahead of schedule. The group, led by major producers like Saudi Arabia, Russia, Iraq, and the UAE, has decided to fast-track a production hike, approving …

Source: Biz Watch Nigeria - Uncategorized
Published on Apr 4, 2025

How Trump's tariffs could affect South Africa's economy

Investec chief economist, Annabel Bishop, said that the total 30% tariffs that are now being imposed on South African exports to the US could result in local inflation dropping given that this will weaken demand for exports, resulting in less production …

Source: IOL - Uncategorized
Published on Apr 4, 2025

Crude oil prices hit multi-year lows following Trump’s tariff announcement

Crude oil prices plunged to near multi-year lows after President Donald Trump’s announcement of reciprocal tariffs, compounded by a larger-than-expected production increase by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies. The …

Source: Samaa - Uncategorized
Published on Apr 4, 2025

Oil Prices Fall 3 Years Low On OPEC+ Supply Boost, Trump Tariff

Share …Oil prices crashed yesterday to reach their steepest percentage loss since 2022. This occured after the Organisation of Petroleum Exporting Countries and its allies, (OPEC+) agreed to a surprise increase in output the day after the United States …

Source: New Telegraph - Label Pending
Published on Apr 4, 2025

Oil prices plummet as Saudis lead supply drive

Friday 04 April 2025 12:56 pm Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Brent crude oil futures fell by five per cent on Friday morning while the US West Texas …

Source: City A.M. - Center-right
Published on Apr 4, 2025

Oil slides on new US ‘Liberation Day’ tariffs, OPEC+ meeting

New Delhi: Brent crude fell 4 per cent in early trading, dropping below $70 per barrel, a $5 per barrel correction from earlier levels. This is a response to two key developments: the announcement of new US ‘Liberation Day’ tariffs on Wednesday and …

Source: ETEnergyworld.com - Uncategorized
Published on Apr 4, 2025

Goldman Slashes Oil Price Forecast as Demand Outlook Dims

Goldman Sachs cut its oil price forecast for 2025 by 5.5% for Brent crude and by 4.3% for West Texas Intermediate citing OPEC+ decision to bring more production back in May and the tariff barrage that President Trump unleashed this week, which the bank …

Source: Oil Price - Neutral
Published on Apr 4, 2025

OPEC+ may raise output if US supply disruptions deepen - Rystad Energy’s market update

Markets responded earlier today to two key developments: the announcement of new US ‘Liberation Day’ tariffs on Wednesday and decisions made following yesterday’s OPEC+ meeting, which signaled an expected increase of 411,000 barrels per day in May supply …

Source: American Journal of Transportation - Neutral
Published on Apr 4, 2025

OPEC+ to advance oil output hike to 411,000bpd in May

Eight OPEC+ countries have decided to accelerate their oil output increase, raising production by 411,000 barrels per day (bpd), equivalent to three monthly increments, in May. This decision led to a drop in oil prices, with Brent crude falling more than …

Source: Offshore Technology - Neutral

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Published on April 1, 2025 - 12:00 GMT

Occidental Announces Results of Offer to Exercise Warrants at a Temporarily Reduced Price

HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced the results of its offer to exercise Occidental’s outstanding publicly traded warrants (the “Warrants”) at a temporarily reduced price of $21.30 per Warrant (the “Offer”). …

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Published on April 2, 2025 - 10:36 GMT

Minister Gwede Mantashe announces adjustment of fuel prices effective from 2 April 2025

The Minister of Mineral and Petroleum Resources announces the adjustment of fuel prices based on current local and international factors with effect from the 2nd of April 2025. South Africa’s fuel prices are adjusted monthly, informed by international and …

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Published on April 1, 2025 - 20:01 GMT

Diamondback Energy, Inc. Announces Closing of Double Eagle Acquisition

MIDLAND, Texas, April 01, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has completed its previously announced acquisition of certain subsidiaries of Double Eagle IV Midco, LLC (“ …

Distribution channels: Companies ...

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Published on April 4, 2025 - 17:35 GMT

UFA Welcomes New Board Chair

New UFA Board Chair, Jennifer Wood, makes history as the first female to hold the position CALGARY, ALBERTA, CANADA, April 4, 2025 /⁨EINPresswire.com⁩/ -- The Board of Directors at United Farmers of Alberta Co-operative Limited (“UFA”) is pleased …

Distribution channels: Agriculture, Farming & Forestry Industry, Business & Economy ...
Published on April 4, 2025 - 15:38 GMT

SAJ bietet innovative All-in-One-Speicherlösungen für Privathaushalte in Europa: SAJ 20 Jahre Innovation

VKWOIQ Energy ist der exklusive Vertriebspartner der Marke SAJ in Europa. KöLN, GERMANY, April 4, 2025 /⁨EINPresswire.com⁩/ -- VKWOIQ Energy bietet eine breite Palette an Qualitätsprodukten und Dienstleistungen mit dem Fokus auf Nachhaltigkeit, …

Distribution channels: Building & Construction Industry, Consumer Goods ...
Published on April 4, 2025 - 15:32 GMT

Gentzler Tool & Die Expands Tool & Die Services to Support Ohio’s Manufacturing Industry

UNIONTOWN, OH, UNITED STATES, April 4, 2025 /⁨EINPresswire.com⁩/ -- Gentzler Tool & Die, a leading tool and die company in Ohio, is expanding its precision tool & die services to better support manufacturers across multiple industries. With …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on April 4, 2025 - 10:00 GMT

Kevin O’Leary & Dr. Farb in a Webinar

Kevin O'Leary and Flower Turbines CEO Dr. Farb Discuss Wind, Renewable Energy, and Data Centers on April 10 LUBBOCK, TX, UNITED STATES, April 4, 2025 /⁨EINPresswire.com⁩/ -- Kevin O’Leary (aka Mr. Wonderful) and Flower Turbines’ CEO, Dr. …

Distribution channels: Agriculture, Farming & Forestry Industry, Banking, Finance & Investment Industry ...
Published on April 4, 2025 - 21:53 GMT

Beam Global to Release 2024 Operating Results, Conference Call Scheduled for April 11, 2025 at 4:30 p.m. ET

SAN DIEGO, April 04, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it …

Distribution channels: Culture, Society & Lifestyle, Energy Industry ...
Published on April 4, 2025 - 09:00 GMT

World’s first global AI compliance advisor – Vistra leads the Economy 4.0 revolution in corporate services

HONG KONG, HONG KONG, April 4, 2025 /⁨EINPresswire.com⁩/ -- AI is at the heart of the Economy 4.0 revolution and Vistra is leading the charge with the launch of the world’s first global AI compliance advisor. Geni will help organisations across the …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 4, 2025 - 00:01 GMT

IN-FLIGHT DATA AND SPRINGBANK AIR TRAINING COLLEGE LAUNCH CANADA’S FIRST LEVEL 1 COMPLEX DRONE TRAINING PROGRAM

Two Weeks to Certified, Flight-Ready Graduates CALGARY, ALBERTA, CANADA, April 3, 2025 /⁨EINPresswire.com⁩/ -- In a historic move for the future of aviation training in Canada, IN-FLIGHT Data, one of the country’s oldest and most accomplished RPAS …

Distribution channels: Aviation & Aerospace Industry, Building & Construction Industry ...
Published on April 3, 2025 - 20:16 GMT

Campos Foundation Fuels STEM Dreams at Urban Promise Academy with New SmartLab

Campos Foundation donates $178K to bring hands-on STEM SmartLab to Urban Promise Academy, empowering Oakland students through tech and innovation OAKLAND, CA, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Momentum is building in Oakland’s …

Distribution channels: Education, Electronics Industry ...
Published on April 3, 2025 - 19:54 GMT

This Week in Construction: Top Innovations & Industry Trends – April 3, 2025

Peer-to-peer digital content sharing for construction and building professionals SUNDRE, ALBERTA, CANADA, April 3, 2025 /⁨EINPresswire.com⁩/ -- Since its establishment in 2003, Construction Links Network has emerged as a premier news and …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on April 3, 2025 - 16:29 GMT

Replace PTFE Tape with Oxygen-Safe Formula-8

Formula-8 is an oxygen-safe thread sealant engineered to eliminate the frustrations of tape and provide a long-lasting seal in the most demanding applications. LEWISTON, MN, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Fluoramics, a leader in …

Distribution channels: Chemical Industry, Conferences & Trade Fairs ...
Published on April 3, 2025 - 15:28 GMT

Inc. Names Oliva Gibbs LLP to its 2025 List of the Fastest-Growing Private Companies in the Southwest

Oliva Gibbs moved up 87 spots to rank No. 43 on Inc.’s list of the fastest-growing private companies in the Southwest, standing out among legal & energy firms. HOUSTON, TX, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Inc., the leading media …

Distribution channels: Energy Industry ...
Published on April 3, 2025 - 14:58 GMT

The Chill Brothers Honored with Prestigious Circle of Excellence Award

Lennox Industries Awards The Chill Brothers in recognition of Outstanding Service and Innovation in the HVAC Industry HOUSTON, TX, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- The Chill Brothers, a leading provider of residential and …

Distribution channels: Business & Economy, Companies ...
Published on April 3, 2025 - 13:00 GMT

WorkingNation and WPVI-TV Present Breaking Barriers: Justice and Work, the latest in the Emmy Award winning series

PHILADELPHIA, PA, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Breaking Barriers: Justice and Work, airing Saturday, April 5, 2025, at 7 PM ET, exposes the obstacles preventing Americans who have been justice-impacted from finding meaningful …

Distribution channels: Banking, Finance & Investment Industry, Education ...
Published on April 3, 2025 - 12:00 GMT

The New VisionGauge® 600 Series System Checks Turned and Rotationally Symmetrical Parts

The New 600 Series VisionGauge® Digital Optical Comparators are designed to check turned and rotationally symmetrical parts with high accuracy. POINTE-CLAIRE, QC, CANADA, April 3, 2025 /⁨EINPresswire.com⁩/ -- We are pleased to announce the release …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on April 3, 2025 - 11:37 GMT

Encora Achieves Premier Tier Status in the Amazon Web Services Partner Network

The Premier tier status recognizes Encora's proven expertise and excellence in driving cloud transformation on the AWS platform. SANTA CLARA, CA, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Encora Achieves Premier Tier Status in the …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on April 3, 2025 - 11:00 GMT

Business Reporter: Going it alone can increase the likelihood of not seeing digital transformation through

How working with a strategic partner can smooth the way LONDON, UNITED KINGDOM, April 3, 2025 /⁨EINPresswire.com⁩/ -- In an article published on Business Reporter, Darren Smith, Head of Transformation at Liberata, discusses how strategic partners …

Distribution channels: Banking, Finance & Investment Industry, Education ...
Published on April 3, 2025 - 09:33 GMT

New UP! Detect monitoring solution provides early warnings for reciprocating compressors

UP! Detect, offers vibration monitoring and cloud-based analysis to provide early warning of failures, enabling maintenance teams to plan ahead. WINTERTHUR, SWITZERLAND, April 3, 2025 /⁨EINPresswire.com⁩/ -- As a pioneering original equipment …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on April 3, 2025 - 09:28 GMT

Burckhardt Compression wins order for Digital Monitoring Solutions in major Petrochemical facility in Saudi Arabia

The order underlines the company's strategy in expanding its digital offerings and will be supported by the opening of a new Service facility in the country. WINTERTHUR, SWITZERLAND, April 3, 2025 /⁨EINPresswire.com⁩/ -- Burckhardt Compression …

Distribution channels: Banking, Finance & Investment Industry, Chemical Industry ...
Published on April 3, 2025 - 04:07 GMT

Pasadena HVAC Company Debunks Maintenance Myths That May Cost Homeowners

Local HVAC Company Clears Up Misconceptions That Could Cost Homeowners PASADENA, CA, UNITED STATES, April 2, 2025 /⁨EINPresswire.com⁩/ -- Misconceptions about HVAC maintenance can lead to higher energy bills, unnecessary repairs, and shorter …

Distribution channels: Building & Construction Industry, Consumer Goods ...
Published on April 3, 2025 - 15:00 GMT

Action locale, impact national : La Coalition canadienne de la connaissance de l’océan annonce les récipiendaires de la ...

HALIFAX, Nouvelle-Écosse, 03 avr. 2025 (GLOBE NEWSWIRE) -- La Semaine de l’océan Canada fait encore des vagues ! La Coalition canadienne de la connaissance de l’océan est fière d’annoncer les récipiendaires 2025 de leur programme national de micro- …

Distribution channels: Energy Industry ...