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A service for global professionals · Friday, August 1, 2025 · 835,983,415 Articles · 3+ Million Readers
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Middle East OPEC Newswire

  • Published on 00:04 GMT

    Middle East Crude-Oman premium at 6-mth high; Indian state refiners halt Russian oil buying

    Middle East crude benchmark Oman’s premium rose above $4 a barrel to a six-month high on Thursday, with trading for October-loading cargoes closed for the month at higher levels versus last month on robust demand in Asia despite rising supply from OPEC …

    Source: Hellenic Shipping News - Neutral
  • Published on Jul 31, 2025

    Asian Refiners Pivot to U.S. Crude as Middle East Prices Surge

    Rising prices of Middle Eastern crudes have opened the arbitrage window for West Texas Intermediate (WTI) to flow to Asia, which is set to buy higher volumes of the U.S. crude grade in the coming weeks, trade sources have told Reuters.    Key grades from …

    Source: Oil Price - Neutral
  • Published on Jul 31, 2025

    Russia, Saudi Arabia aim to expand economic cooperation

    MOSCOW, July 31. /TASS/. Russia and Saudi Arabia are discussing ways to increase bilateral trade and expand cooperation across key economic sectors, the Russian government said following a meeting between Russian Deputy Prime Minister Alexander …

    Source: TASS - Gov't Propaganda
  • Published on Jul 31, 2025

    Bearish Pressure On Oil Prices Remains Elusive

    378913 01: Pennzenergy Company Oil Exploration Drilling Rig In The Gulf Of Mexico During Sunset. (Photo By Getty Images) Getty Images These are confusing times for the oil market, with forecasts continually calling for a growing surplus, yet prices remain …

    Source: Forbes - Neutral
  • Published on Jul 31, 2025

    Oil refiners don't see supply risk even as Trump targets Russian crude

    An immediate diversion of Russian crude is not expected, given that shrinking discounts have brought down purchases, the people said on the condition of anonymity. The Union petroleum ministry is confident that supplies would not be an issue for India as …

    Source: Mint - Neutral
  • Published on Jul 31, 2025

    Oil Futures Drop; NYMEX WTI Fails to Hold $70 Level

    The U.S. dollar rose by 0.149 points to 99.735 against a basket of foreign currencies. After a 90-day pause announced in April, the United States is expected to impose additional tariffs ranging from 30% to 50% on several nations -- including India, Brazil …

    Source: Progressive Farmer - Neutral
  • Published on Jul 31, 2025

    Oil Futures Fall Due to Tariff Deadline, OPEC+ Output Hike

    The U.S. dollar rose by 0.214 points to 99.805 against a basket of foreign currencies. After a 90-day pause announced in April, the United States is expected to impose additional tariffs ranging from 30% to 50% on several nations -- including India, Brazil …

    Source: Progressive Farmer - Neutral
  • Published on Jul 31, 2025

    UAE Oil Capacity Growth in Focus Amid Expansions

    The United Arab Emirates has indicated that it could raise its oil production capacity to 6 million barrels per day after 2027, a move that would solidify the Mideast Gulf state's rank as Opec-plus' No. 3 capacity holder. While that capacity level …

    Source: Energy Intelligence - Pending
  • Published on Jul 31, 2025

    Oil Dips on Inflation, Geopolitical Jitters

    Oil fell as broader markets weakened on worse-than-expected US inflation data and crude traders cashed out after prices reached a six-week high. While West Texas Intermediate slipped 1.1% on Thursday to settle below $70 a barrel, snapping a three day rally …

    Source: Rigzone - Neutral
  • Published on Jul 31, 2025

    Non-Oil Growth Drives Saudi Economic Expansion in Q2

    Saudi Arabia’s economy expanded by nearly 4% in the second quarter from a year earlier, thanks to rising non-oil economic growth and the return of growth in the oil sector as the Kingdom is boosting its crude production.  Real gross domestic product (GDP) …

    Source: Oil Price - Neutral
  • Published on Jul 31, 2025

    Trader BB Energy brings case against South Sudan over missing oil cargo

    Trader BB Energy has launched legal action against South Sudan over an undelivered crude cargo, highlighting the mounting commercial risks facing operators in the East African country as it struggles to rebuild its oil sector. The Part 7 claim — a standard …

    Source: Hellenic Shipping News - Neutral
  • Published on Jul 31, 2025

    Will Trump Follow Up on Threats to Stifle Russia’s Oil Exports?

    While watching summer demand and OPEC+ production policy, the oil market has started to pay attention to President Trump’s threats to hit Russian oil buyers with secondary tariffs. Earlier this week, President Trump threatened “tariffs and stuff” if Russia …

    Source: Oil Price - Neutral
  • Published on Jul 31, 2025

    Saudi, Russian energy ministers discuss oil market and joint committee plans

    Saudi Gazette report RIYADH — Saudi Energy Minister Prince Abdulaziz bin Salman and Russian Deputy Prime Minister Alexander Novak held a meeting in Riyadh to discuss recent developments in the global oil market and ongoing cooperation between the two …

    Source: Saudi Gazette - Indeterminate
  • Published on Jul 31, 2025

    UAE petrol prices to drop marginally in August

    Petrol prices in the UAE will drop marginally in August while diesel prices will rise, authorities announced on Thursday. Petrol prices rose sharply in July after being kept steady in June following a marginal increase in May. Prices were reduced in March …

    Source: The National News - Pro-Government
  • Published on Jul 31, 2025

    Iran oil min. holds meeting with OPEC+ monitoring committee

    The committee convened Monday with Mohsen Paknejad participating. In the meeting, the OPEC Secretariat presented a brief report, projecting a positive outlook for the remainder of 2025 through 2026.   OPEC’s latest monthly report forecasts global economic …

    Source: Mehr News Agency - Gov't Propaganda
  • Published on Jul 31, 2025

    Tariff uncertainty and rising OPEC+ supply weigh on oil prices- Reuters poll

    By Anushree Mukherjee (Reuters) -Analysts are keeping their oil price forecasts mostly unchanged for 2025, as a rise in OPEC+ output and ongoing U.S. tariff uncertainty weigh on the market, a Reuters poll showed on Thursday. The continued risk of supply …

    Source: Yahoo Finance - Center-left
  • Published on Jul 31, 2025

    Shell’s profit drops by almost a third on lower oil prices, but beats expectations

    [LONDON] Shell’s second-quarter net profit tumbled by almost a third on Thursday (Jul 31), dragged down by a drop in oil prices, lower gas trading results and outage-related losses from its chemicals operations, but it still easily beat analysts’ forecasts …

    Source: The Business Times Singapore - Neutral
  • Published on Jul 31, 2025

    Contaminated Oil and Operation “Valve”: How Russia and the FSB Are Squeezing Competitors from the Market

    78Moscow uses oil contamination and FSB port controls to restrict Kazakh and Azerbaijani exports, leveraging market disruption for geopolitical and economic gain. At the Turkish terminal marking the final destination of the Baku–Tbilisi–Ceyhan (BTC) …

    Source: EUToday - Neutral
  • Published on Jul 31, 2025

    India Tells Oil Refiners to Draw Up Plans for Non-Russian Crude

    (Bloomberg) -- India told its oil refiners to come up with plans for buying non-Russian crude, a scenario that would have far-reaching consequences for the global oil market if it ultimately meant reduced dealings with Moscow. Most Read from Bloomberg The …

    Source: Yahoo Finance - Center-left

04 days 03:54:23

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