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A service for global professionals · Saturday, September 6, 2025 · 846,699,193 Articles · 3+ Million Readers
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South America OPEC Newswire

  • Published on 04:15 GMT

    Shadow fleet expands to maintain sanctioned oil flows

    Russia, Iran and Venezuela, faced with tightening Western sanctions, have teamed up with opaque shipping players to acquire a large number of tankers in recent years to maintain their oil revenues. The shadow fleet now comprises 978 tankers with over 27, …

    Source: Hellenic Shipping News - Neutral
  • Published on 04:45 GMT

    Key OPEC+ meet Sep 7 to consider unwinding more crude cuts as oversupply looms

    Eight key OPEC+ members will meet Sept. 7 to consider whether to continue unwinding their production cuts, as they hope to ward off predictions of a fourth-quarter supply glut that could threaten crude prices. Strong seasonal demand through the Northern …

    Source: Hellenic Shipping News - Neutral
  • Published on 00:28 GMT

    All Eyes On OPEC As Bearish Sentiment Intensifies, Oil Continues Downward

    Meanwhile, Trump admits he may have lost India and Russia to China: File Image/Pixabay Oil on Friday continued its downward trajectory, with the lingering sting of the earlier U.S. crude stockpile build disclosure augmented by a weak jobs report in …

    Source: Ship & Bunker - Neutral
  • Published on Sep 5, 2025

    Oil Drops to Lowest Since May Ahead of OPEC+ Talks

    Oil fell to the lowest since May ahead of a weekend OPEC+ meeting where Saudi Arabia will seek to steer the group toward more production increases in the coming months. West Texas Intermediate slid 2.5% to settle below $62 a barrel, down 3.3% this week. …

    Source: Rigzone - Neutral
  • Published on Sep 5, 2025

    Oil & Gas Industry Layoffs 2025: ConocoPhillips, Chevron, BP, Petronas, OMV, among companies cutting jobs

    Oil and gas company layoffs 2025: Major oil and gas companies around the world are preparing for another round of job cuts in 2025 after already shedding thousands of positions last year, as per a report. As oil prices remain under pressure and industry …

    Source: The Economic Times - Center-right
  • Published on Sep 5, 2025

    Oil Prices Sink as OPEC+ Weighs October Output Hike

    Crude oil markets faced sharp selling pressure this week as traders digested a mix of bearish supply signals from OPEC+, a surprise inventory build in the U.S., and growing expectations for looser monetary policy from the Federal Reserve. WTI front-month …

    Source: Oil Price - Neutral
  • Published on Sep 5, 2025

    New floating facility to ramp up oil production in Venezuela

    A new floating facility to produce crude at a project operated by China Concord Resources Corp (CCRC) has arrived in Lake Maracaibo, Venezuela, reported Reuters, citing two sources and images. The $1bn (7.14bn yuan) project is set to enhance production at …

    Source: Offshore Technology - Neutral
  • Published on Sep 5, 2025

    Oil heads for weekly loss amid supply concerns

    Ahead of the OPEC+ session, Russian Deputy Prime Minister Alexander Novak said nations involved in the talks didn’t have an agenda for the meeting, Tass reported. “We always look at the current situation as a whole, forecasts,” Novak was quoted as saying. …

    Source: News.Az - Pro-Government
  • Published on Sep 5, 2025

    Middle East Crude-Benchmarks extend declines as OPEC+ to consider another output hike

    Middle East crude benchmarks Oman, Dubai and Murban extended declines on Thursday, as investors awaited a weekend meeting of OPEC+ where producers are expected to consider another increase in output targets. Eight members of the Organization of the …

    Source: Hellenic Shipping News - Neutral
  • Published on Sep 5, 2025

    Floating oil facility arrives in Venezuela for China Concord’s project, sources say

    The first new floating facility to produce crude at a $1 billion project operated by China Concord Resources Corp in Venezuela has arrived in Lake Maracaibo, the country’s second largest output region, according to two sources and images. The Chinese …

    Source: Hellenic Shipping News - Neutral
  • Published on Sep 5, 2025

    Asia Fuel Oil: Markets hold in discounts while inventories jump

    Spot differentials for key fuel oil grades held in discounts on Thursday, while latest data showed that stockpiles jumped at Singapore. Onshore stockpiles climbed to more than 27 million barrels, a level well above average, based on Enterprise Singapore …

    Source: Hellenic Shipping News - Neutral
  • Published on Sep 4, 2025

    Venezuela has the world’s most oil: Why doesn’t it earn more from exports?

    The Trump administration has announced plans for continued military operations against Latin American drug cartels, following a US strike on a Venezuelan vessel that killed 11 people on September 2. The United States has had a complex relationship with …

    Source: Al Jazeera - Pro-Government
  • Published on Sep 5, 2025

    Oil eases on surprise build in US crude stockpiles

    NEW YORK: Oil prices eased about 1% to a two-week low on Thursday on a surprise build in US crude inventories last week and expectations that Opec+ producers will increase output targets at a meeting this weekend. Brent crude futures fell 65 cents, or 1.0% …

    Source: The Malaysian Star - Indeterminate
  • Published on Sep 4, 2025

    Oil prices ease on surprise build in US crude stockpiles, OPEC+ to consider output hike

    Oil prices eased about 1% to a two-week low on Thursday on a surprise build in U.S. crude inventories last week and expectations that OPEC+ producers will increase output targets at a meeting this weekend. Brent crude futures fell 67 cents, or 1.0%, to $66 …

    Source: The Economic Times - Center-right
  • Published on Sep 4, 2025

    Oil prices dip with OPEC to consider another output hike

    NEW YORK (Reuters) -Oil prices eased about 1% to a two-week low on Thursday on negative economic news from the U.S. and expectations OPEC producers would increase output targets at a meeting this weekend. That small price decline came ahead of the release …

    Source: Mint - Neutral
  • Published on Sep 4, 2025

    Venezuela’s oil exports rise to 9-month high as cargoes return to US

    (Reuters) – Venezuela’s oil exports surpassed 900,000 barrels per day in August, the highest level since November, after energy producer Chevron CVX.N received a license that has allowed the OPEC country’s crude to return to the U.S. market after a four- …

    Source: Stabroek News - Neutral
  • Published on Sep 5, 2025

    Fossil fuels not where the puck is going

    Opinion “Go where the puck is going, not where it’s been.” Sage words from hockey great and erstwhile philosopher Wayne Gretzky. What works on the ice also works with energy. In recent weeks, fossil-fuel boosters argued that more pipelines for expanded oil …

    Source: Winnipeg Free Press - Neutral
  • Published on Sep 4, 2025

    Crude Oil: Are the Bears Wrong About the Looming Glut?

    Despite widespread assumptions among oil traders and analysts, physical oil market data, particularly OECD crude oil inventories, does not currently support the narrative of an imminent massive oil glut. Key indicators such as OECD and US crude oil …

    Source: Investing - Neutral
  • Published on Sep 4, 2025

    OPEC+ to Weigh Next Output Move in Weekend Talks

    A pivotal online gathering on Sunday will determine whether the Organisation of the Petroleum Exporting Countries and its allies proceed with further oil production increases or hold current levels. The group has already rolled back its earlier cuts by 2.5 …

    Source: Arabian Post - Pending

02 days 17:23:25

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