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A service for global professionals · Wednesday, July 2, 2025 · 827,570,174 Articles · 3+ Million Readers
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South America OPEC Newswire

  • Published on Jul 1, 2025

    Q&A: Is Venezuela on the verge of losing its prized foreign asset, Citgo?

    After at least three consortia revised their bids in June and a U.S. Court completed the second round of bidding in an auction of shares of Citgo Petroleum, owned by Venezuela, creditors are hopeful that they will receive payment for some outstanding …

    Source: World Energy News - Connecticut - Pending
  • Published on Jul 1, 2025

    Oil Markets Refocus on OPEC as Iran-Israel Conflict Cools

    Oil markets are now refocusing on OPEC+ as the Iran-Israel ceasefire continues to hold, with the cartel's meeting this weekend likely to be the next big market mover. - Ever since OPEC+ countries started to unwind their 2.2 million b/d worth of …

    Source: Oil Price - Neutral
  • Published on Jul 1, 2025

    The Commodities Feed: OPEC+ seen agreeing to another large supply increase

    Energy – Attention shifts to OPEC+ Oil prices edged marginally lower yesterday, a move that continued in early morning trading today, as the market increasingly turns its attention towards the OPEC+ meeting this weekend. The group is expected to agree to …

    Source: Hellenic Shipping News - Neutral
  • Published on Jul 1, 2025

    Sierra Leone Stakes Next Oil Frontier Claim

    African countries have recently started making more and more headlines with their plans to develop local oil and gas reserves despite strong opposition from foreign environmentalist organisations and international lenders. The latest to join the oil and …

    Source: Oil Price - Neutral
  • Published on Jun 30, 2025

    Oil prices plummet as demand falls amid supply glut

    Oil prices remain in a precarious state, caught in a perfect storm of rising supply and faltering demand. After a fleeting spike above $80 per barrel in mid-June, driven by Middle East tensions, Brent crude has tumbled to $67.76, with the September …

    Source: Khaleej Times - Gov't Propaganda
  • Published on Jun 30, 2025

    Ghana’s Energy Crossroads: How global oil shocks are reshaping an African economy

    Introduction Ghana stands at a peculiar energy crossroads. The West African nation pumps crude oil from its Jubilee and TEN offshore fields, yet spends billions annually importing refined petrol and diesel to meet domestic demand. This paradox has left the …

    Source: Joy FM - Indeterminate
  • Published on Jun 30, 2025

    Brazil’s Financial Morning Call for June 30, 2025

    Brazil’s financial markets are poised for a dynamic session today, driven by a robust domestic and global economic calendar that will shape investor sentiment, currency movements, and equity trends. The Central Bank of Brazil’s (BCB) Selic rate, currently …

    Source: The Rio Times - Neutral
  • Published on Jun 30, 2025

    Crude Tanker Markets to Remain Supported from Oil Market Fundamentals

    The crude tanker markets are expected to remain supported from the long term oil market fundamentals. In its latest weekly report, shipbroker Gibson said that “earlier this month, the International Energy Agency (IEA) released their annual report detailing …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 29, 2025

    Venezuela’s Maduro Leads Response to Tropical Wave 9

     Venezuela’s Maduro Leads Response to Tropical Wave 9, Strengthened by China’s Support Amid Climate Crisis: President Nicolás Maduro assesses damage from Tropical Wave 9 in western Venezuela, highlighting revolutionary government’s rapid response and China …

    Source: St. Vincent Times - Neutral
  • Published on Jun 28, 2025

    The Decline of Oil Power in Middle East Geopolitics

    Despite expectations, the recent geopolitical turbulence in the Middle East—especially the events of October 7, 2023, and the escalation between Israel and Iran—did not deliver a severe blow to global energy markets. Compared to past regional crises or …

    Source: Oil Price - Neutral
  • Published on Jun 28, 2025

    How High Can Middle East Turmoil Drive Crude Oil Prices?

    Worker checking a jackpump at sunrise by zhengzaishuru via iStock In a May 15 Barchart article that asked if there was more downside in crude oil, I cautioned: The geopolitical landscape remains highly tense, with potential hostilities in the Middle East …

    Source: Yahoo Finance - Center-left
  • Published on Jun 27, 2025

    All Eyes on Fundamentals as Geopolitical Risk in Oil Evaporates

    Following the collapse of geopolitical risk premium in oil prices, oil is back to trading on supply, demand, and OPEC+ expectations. The Israel-Iran ceasefire and the lack of subsequent retaliatory attacks has drained oil markets of the elevated …

    Source: Oil Price - Neutral
  • Published on Jun 27, 2025

    The oil market avoided worst-case scenario. What's next?

    00:00 Speaker A Oil prices are set for their steepest weekly decline since March of 2023 as the Middle East conflict failed to significantly disrupt supply in the region. What's next in terms of catalysts for crude? Joining us now to discuss is because …

    Source: Yahoo Finance - Center-left
  • Published on Jun 27, 2025

    Fitch lowers oil price forecast for 2025

    Fitch lowered its oil price assumption for 2025 to USD65 per barrel from USD70 per barrel in April, while maintaining medium-term and mid-cycle price assumptions, APA reports citing the Agency. "We now assume global oil demand will grow by about 800, …

    Source: APA - Gov't Propaganda
  • Published on Jun 27, 2025

    The Legacy of Chavismo’s Ties to Iran

    When el comandante died in 2013, then Iranian president Mahmoud Ahmadinejad claimed that Hugo Chávez would one-day return to Earth alongside Jesus Christ and the Hidden Imam (a sacred prophet of Shia Islam) to spread peace, justice and perfection for all …

    Source: Caracas Chronicles - Center-left
  • Published on Jun 27, 2025

    War on Iran is part of US plan for global domination: Economist Michael Hudson explains

    War on Iran is part of the US empire’s larger attempt to re-impose its unipolar dominance on the global political and financial system, argues economist Michael Hudson. Washington wants to preserve dollar hegemony and the petrodollar, while disrupting …

    Source: Geopolitical Economy - Left-wing
  • Published on Jul 1, 2025

    The US helped start Iran's nuclear program — but now wants to end it

    The United States and Iran, over the past seven decades, have been friends, foes, and sometimes even frenemies. Their history involves threats of regime change, proxy warfare, secret arms deals, underground intelligence sharing, and now direct military …

    Source: ABC (Australian Broadcasting Corporation) - Neutral
  • Published on Jul 1, 2025

    Ghana’s gold exports surge

    Ghana is capitalising on its gold exports to drive economic growth, with revenues increasing to $11.6bn in 2024 - a 52.6% increase from the $7.6bn recorded in 2023. Gold exports accounted for 57% of the country’s total export revenue, solidifying the …

    Source: Zawya - Indeterminate
  • Published on Jul 1, 2025

    China’s shadow over U.S. climate lawsuits threatens energy supremacy

    China’s shadow over U.S. climate lawsuits threatens energy supremacy Over 2,666 global climate litigation cases exist, with the U.S. leading with 1,745, catalyzing debate over foreign influence. Chinese-funded groups like the Energy Foundation China (EFC) …

    Source: Natural News - Right-wing

05 days 23:16:42

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  • Published on June 30, 2025 - 19:06 GMT

    Oil Prices See Uptick as Weaker Dollar Fuels Demand

    (MENAFN) Oil prices saw a modest uptick on Monday, as traders sought to capitalize on last week's declines while a weaker US dollar fueled demand. Brent crude, the global benchmark, gained 0.37%, reaching $66.58 per barrel at 10:32 a.m. local time ( …

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  • Published on June 30, 2025 - 19:06 GMT

    Oil Prices Rise Amid Dollar Weakness

    (MENAFN) Oil values experienced a slight increase on Monday as market participants moved to benefit from the prior week’s downward trend, with a diminishing US dollar further enhancing demand. The global yardstick, Brent crude, climbed by 0.37 percent, …

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  • Published on June 30, 2025 - 10:08 GMT

    Oil rates increase on recent US data

    (MENAFN) Oil prices rose again on Thursday as investors reacted to new US inventory data and ongoing instability in the Middle East. Brent crude, the global benchmark, edged up by 0.2% to $67 per barrel, while US West Texas Intermediate (WTI) crude …

    Distribution channels: ...
  • Published on June 30, 2025 - 10:45 GMT

    W&T Announces Positive Court Finding Regarding Remaining Surety Provider Claims

    HOUSTON, June 30, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that U.S. Magistrate Judge Dena Palermo recommended denying two surety companies motions for preliminary injunction, through which …

    Distribution channels: Law ...
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