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A service for global professionals · Tuesday, June 3, 2025 · 818,634,117 Articles · 3+ Million Readers
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Caucasus OPEC Newswire

  • Published on 12:25 GMT

    Oil prices steady, supported by geopolitical tensions, weaker U.S. dollar

    Open this photo in gallery:An oil refinery in Omsk, Russia, in March, 2022. Oil prices steadied with rising geopolitical tensions on Tuesday as Russia and Ukraine ramped up the war.Alexey Malgavko/Reuters Oil steadied on Tuesday, supported by rising …

    Source: The Globe and Mail - Neutral
  • Published on 04:09 GMT

    Behind OPEC+ oil output hike, Saudi-Russian tensions simmer

    Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil output increases while Moscow argued for a pause, four OPEC+ sources with knowledge of the talks said. Tension between the two most …

    Source: Hellenic Shipping News - Neutral
  • Published on 07:43 GMT

    Business InsightsThere's a less popular reason why Opec+ is unwinding oil cuts

    At the weekend, the group of eight Opec+ oil producers decided to continue their sped-up path towards unwinding their so called “voluntary cuts” in July by adding another 411,000 barrels per day of output. The result: oil prices rose by about 3 per cent …

    Source: The National News - Pro-Government
  • Published on 07:24 GMT

    Business InsightsThere's a less popular reason why Opec + is unwinding oil cuts

    At the weekend the group of eight Opec+ oil producers decided to continue their sped-up path towards unwinding their so called “voluntary cuts” in July by adding another 411,000 barrels per day of output. The result: oil prices rose by about 3 per cent …

    Source: The National News - Pro-Government
  • Published on 07:17 GMT

    Oil Rises As Bullish Markers From Iran To OPEC Erupt

    Meanwhile, Canada's PM vows to make his country an energy "superpower": File Image/Pixabay Hostilities between Russia and Ukraine combined with the Organization of the Petroleum Exporting Countries (OPEC) agreeing on Saturday to boost …

    Source: Ship & Bunker - Neutral
  • Published on 06:16 GMT

    Oil lifts; traders unwind bearish bets post-OPEC+ hike

    Oil prices edged higher on Tuesday, supported by ongoing supply concerns and a weakening United States dollar, while a smaller-than-expected output increase from major producers supported the market. By 3:30 pm AEST (5:30 am GMT), Brent crude futures were …

    Source: Azzet - Pending
  • Published on 08:21 GMT

    Mideast Stocks: Gulf bourses in green as oil prices rise

    Most stock markets in the Gulf were trading higher early on Tuesday as oil prices ticked up on concerns about supply.  Dubai's main share index, up 0.40%, was set for a second consecutive session of gains and Abu Dhabi's benchmark index was set to …

    Source: Zawya - Indeterminate
  • Published on 11:14 GMT

    Oil inches up on geopolitical concerns and weaker dollar

    LONDON: Oil prices ticked up on Tuesday supported by rising geopolitical tensions as Russia and Ukraine ramped up the war and Iran was set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer. Crude had …

    Source: Business Recorder - Neutral
  • Published on 13:29 GMT

    Market Update: OPEC+ Decisions And Oil Prices

    Tuesday, June 3, 2025 8:20 AM EDT Image Source: Unsplash   The oil market was buzzing after OPEC+ revealed its production strategy over the weekend, keeping production increases in line with market expectations. Key Takeaways: OPEC+ set an increase of 411, …

    Source: myMotherLode - California - Pending
  • Published on 13:28 GMT

    Oil Rises as Supply Outages, Geopolitics Offset Macro Data

    NYMEX-traded WTI for July delivery was up $0.60 barrel (bbl) to trade near $63.12 bbl, and ICE Brent for August delivery rose $0.54 bbl to $65.17 bbl. July RBOB gasoline futures increased $0.0139 to $2.0664 gallon, while the front-month ULSD futures …

    Source: Progressive Farmer - Neutral
  • Published on 11:58 GMT

    Global Oil Stockpiles Are Rising Fast as OPEC+ Hikes Supply

    (Bloomberg) -- Oil inventories have risen sharply across the world in recent weeks, a sign of the pressure that higher output from OPEC+ could place on the global crude market as the year progresses. Most Read from Bloomberg Crude oil stockpiles globally …

    Source: Yahoo Finance - Center-left
  • Published on 09:28 GMT

    Business | Jun 03, 2025 | 6 min read Wall Street slides as Russia-Ukraine war, OPEC+ production boost push oil higher

    News Business #Washington After closing out its best month since 2023, Wall Street was poised to open with losses on Monday as the Russia-Ukraine conflict escalated over the weekend, contributing to broader market anxiety and a jump in oil prices. Futures …

    Source: Ahmedabad Mirror - Neutral
  • Published on 08:48 GMT

    Oil Prices Extend Gains on Supply Worry

    Crude oil prices extended their climb that began Monday as concerns about supply security deepened. At the time of writing, Brent crude was trading at $64.85 per barrel and West Texas Intermediate was changing hands for $62.82 per barrel, after rising by …

    Source: Oil Price - Neutral
  • Published on 08:27 GMT

    ICE cotton rises on short covering, weaker US dollar, rising crude oil

    ICE cotton futures rose on Monday, the first trading day of the week, supported by short covering as speculators shed their bearish tone. A stronger crude oil market and a weaker US dollar also lent support. However, the tight range in US cotton prices …

    Source: Fibre 2 Fashion - Pending
  • Published on 09:36 GMT

    Oil Prices Rise Amid Supply Concerns Linked to Iran, Russia, and Canada

    Oil prices rose in early Asian trading on Tuesday due to growing supply concerns, as Iran appeared poised to reject a proposed U.S. nuclear deal that would be key to easing sanctions on one of the world’s largest oil producers, while wildfires disrupted …

    Source: Jordan News - Indeterminate
  • Published on 10:13 GMT

    Oil Extends Gains as Canada Wildfires Offset OPEC+ Output Hike

    (Bloomberg) -- Oil rose for a second day, as supply disruptions from Canada’s wildfires countered OPEC’s latest bumper supply increase. Most Read from Bloomberg Brent traded above $65 a barrel after jumping 2.9% on Monday. The blazes in Canada’s energy …

    Source: Yahoo Finance - Center-left
  • Published on 11:49 GMT

    Cheap oil will come at a cost for the US

    Oil prices jumped on Monday despite the decision by OPEC and its partners to increase their production quotas for the third time in as many months. But many analysts remain decidedly bearish about their trajectory over the next couple of years, with far- …

    Source: Semafor - Neutral
  • Published on 11:09 GMT

    Oil prices rise sharply due to geopolitical tensions

    Oil prices recorded a sharp increase yesterday amid concerns over the ongoing war between Russia and Ukraine, uncertainty surrounding Iran’s nuclear talks, and market relief that OPEC+ did not raise oil production as much as some had feared. By 13:25 GMT, …

    Source: Middle East Monitor - Indeterminate
  • Published on 10:13 GMT

    Venezuela's oil exports stable as buyers in China receive more

    (Reuters) -Venezuela's oil exports remained almost unchanged last month as increased shipments to customers in China offset a decline in U.S.-authorized sales, according to vessel-tracking data and internal documents from state company PDVSA. The U.S. …

    Source: Yahoo Finance - Center-left

28 days 18:27:50

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