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A service for global professionals · Tuesday, May 13, 2025 · 812,135,965 Articles · 3+ Million Readers
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Caucasus OPEC Newswire

  • Published on May 9, 2025

    Oil prices rise as U.S.-China trade tensions ease

    Oil prices rose on Friday, poised for a weekly gain as trade tensions between top oil consumers, China and the United States, showed signs of easing. Brent crude increased by $1.20, or 1.9%, reaching $64.04 per barrel by 1203 GMT. U.S. West Texas …

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

    Frontline report: Saudi sheikhs and Ukrainian drones brutally punish Russia as oil money drains

    Today, there is interesting news from the Russian Federation. The crashing global oil prices have deepened Russia’s financial burden, making it too dependent on the interests of other countries to maintain its national budget. Saudi Arabia’s refusal to …

    Source: Euromaidan Press - Neutral
  • Published on May 9, 2025

    OPEC+ Tests the Shale Sector

    When eight OPEC+ producers decided May 3 to accelerate production increases, they cited “healthy oil market fundamentals,” but the market is ailing. There are more plausible motivations for increasing output in the face of a global economic downturn: to …

    Source: Arab Gulf States Institute in Washington - Neutral
  • Published on May 10, 2025

    Plunging world oil prices are a mixed blessing for Albertans

    With world oil prices plunging to four-year lows — combined with the recent elimination of the federal carbon price — many Alberta drivers are saving some money when they pull up to the pump. Mani Singh of Edmonton told Global News that he used to spend …

    Source: Global News - Neutral
  • Published on May 10, 2025

    Lower gas prices in Texas could make for busy summer travel

    LUBBOCK, Texas (KCBD) - When heading to the pump, Texans are seeing better prices than the national average. AAA reports Texans are paying $2.75 for a gallon of gas on average.(AAA)According to AAA’s latest report, the current average price for a gallon of …

    Source: FOX34 - Texas - Indeterminate
  • Published on May 10, 2025

    Gas Prices Dip as Summer Approaches

    Gasoline prices are on the decline despite the approach of peak travel season, according to AAA. The national average price for a gallon of gas has dropped by three cents over the past week, settling at $3.15 as of May 8. This marks a decrease of nearly 49 …

    Source: Small Business Trends - Pending
  • Published on May 9, 2025

    Billions down the drain: The cost of Iraq's Kurdistan oil export ban

    2025-05-09T19:49:28+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq has lost more than $20 billion in potential revenue due to the prolonged suspension of crude exports from the Kurdistan Region, amid ongoing political and legal disputes. …

    Source: Shafaq News - Indeterminate
  • Published on May 9, 2025

    Markets Weekly Outlook: Gold and Oil Diverge as Market Sentiment Improves

    Market sentiment improves amid US-China trade talk optimism, despite concerns over tariff impacts on the global economy. Key economic data releases are expected across Asia, Europe, and the US, with a focus on inflation and retail sales. The US Dollar …

    Source: Investing - Neutral
  • Published on May 9, 2025

    Gas demand and supply could lead to summer savings

    WICHITA FALLS, Texas (KAUZ) - According to a recent AAA Texas report, a weak gas demand and healthy supply could lead to summer savings at the pump. The statewide gas price average in Texas is $2.75 per gallon for regular unleaded fuel, and that price is …

    Source: News Channel 6 - Texas - Pending
  • Published on May 9, 2025

    Oil prices on the rise

    Facebook Twitter LinkedIn WhatsApp The price of oil remains a critical indicator for the global economy and financial markets. The cost of a barrel of crude oil affects a wide range of sectors—from the automotive industry to energy, agriculture, and …

    Source: Tunisie Numerique - Neutral
  • Published on May 9, 2025

    Oil set for weekly gain ahead of US-China trade talks

    Oil prices rose today, poised for a weekly gain as trade tensions between top oil consumers China and the US showed signs of easing and Britain announced a "breakthrough" US trade deal. Brent crude firmed by 83 cents, or 1.3%, to $63.27 a barrel …

    Source: RTE Ireland - Public Broadcaster
  • Published on May 9, 2025

    After U.S. interest, UAE to help fund Africa’s largest gas pipeline

    After growing interest from the U.S., the United Arab Emirates has reportedly joined efforts to co-finance the $25 billion Morocco-Nigeria gas pipeline project. Morocco’s Minister of Energy, Leila Benali, recently confirmed the UAE’s involvement, adding …

    Source: Business Insider Africa - Neutral
  • Published on May 9, 2025

    AAA: Gas prices could stay low during summer despite bump up in San Antonio

    Close-up of unrecognizable man selecting grade of gas at pump. SAN ANTONIO (KTSA News) — This week is not the first time in which San Antonio’s average price for regular unleaded went against the statewide trend. As of Friday morning, the Alamo City was …

    Source: KTSA - Texas - Neutral
  • Published on May 9, 2025

    Baker Hughes: US oil and gas rig count falls to lowest since January

    By Scott DiSavino (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an …

    Source: Yahoo Finance - Pending
  • Published on May 9, 2025

    AAA Texas: Weak Gas Demand and Healthy Supply Could Lead to Summer Savings At The Pump

    The statewide gas price average in Texas is $2.75 per gallon for regular unleaded fuel, according to the AAA Texas Weekend Gas Watch. That price is one cent less when compared to this day last week and is 49 cents less per gallon compared to this day last …

    Source: The Gilmer Mirror - Texas - Pending
  • Published on May 9, 2025

    Oil Prices Hold Firm on Trade Talk Optimism

    Crude oil futures ended the week higher, buoyed by renewed optimism around U.S.-China trade talks and signs of tightening inventories. West Texas Intermediate (WTI) settled near $59.91, marking a 2.78% weekly gain after rebounding sharply from multi-year …

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

    Oil Prices On Track for Weekly Gain as Market Expects U.S.-China Trade Talks

    Oil prices are on track to post a weekly gain amid expectations that the first U.S. trade deal post-tariffs, with the UK, could be a good sign of thaw in the tense trade relations ahead of the U.S.-China talks this weekend. As of 9:45 a.m. EDT on Friday, …

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

    Oil Extends Gains Ahead of US-China Trade Talks

    Karim Bastati DTN Analyst VIENNA (DTN) -- Oil futures extended gains Friday morning ahead of the first official meeting between Chinese and U.S. officials to discuss trade terms. The meeting, scheduled for Saturday in Switzerland, sparked hopes of a …

    Source: Progressive Farmer - Neutral
  • Published on May 9, 2025

    Asia Markets Mixed, Eurozone Gains; Oil Rises On Trade Deal Hopes - Global Markets Today While US Slept

    On Thursday, May 8th, U.S. markets closed higher after a new trade deal between the U.S. and the U.K. lowered tariffs and secured major Boeing orders, boosting airline and industrial shares. Investors were further encouraged by Trump's hints at …

    Source: Benzinga - Neutral

06 days 16:22:49

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  • Published on May 13, 2025 - 11:20 GMT

    US oil sector expresses disappointment with Trump

    (MENAFN) The US oil industry is increasingly dissatisfied with President Donald Trump’s policies, with falling crude prices and tariffs putting pressure on producers, particularly smaller ones, according to Bloomberg. During his campaign, Trump’s “drill, …

    Distribution channels: ...
  • Published on May 8, 2025 - 21:00 GMT

    Total Energy Services Inc. Announces Q1 2025 Results

    CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended March 31, 2025. Financial Highlights ($000’s except per share …

    Distribution channels: Business & Economy, Consumer Goods ...
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