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A service for global professionals · Tuesday, June 3, 2025 · 818,630,683 Articles · 3+ Million Readers
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South-East Asia OPEC Newswire

  • 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 05:14 GMT

    Oil inches up on supply concerns and weaker dollar

    SINGAPORE - Oil prices ticked up on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer, while weakness in the dollar also supported prices. Brent crude …

    Source: Zawya - Indeterminate
  • Published on 12:12 GMT

    Oil Prices Climb on Short-Term Supply Shocks, but Long-Term Risks Remain

    The oil market surged higher yesterday, with ICE Brent hitting US$65.76/bbl at one stage, as USD weakness, rising geopolitical risks and possibly a supply hike from OPEC+ that fell short of expectations all provided a boost. The strength continued into …

    Source: Investing - Neutral
  • Published on 06:21 GMT

    Analysis-Global oil refiners see short-term boost from higher margins

    By Robert Harvey, Shariq Khan and Nicole Jao LONDON (Reuters) -Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant …

    Source: Yahoo Finance - Center-left
  • Published on 05:04 GMT

    Oil Tankers Go Dark Off Malaysia As Sanctioned Iranian Crude Exports To China Accelerate

    There has been much confusion over the Trump admin's strategy regarding Iran and its oil exports.  While on one hand, the US has placed “maximum pressure” sanctions on Iranian oil exports to give the nuclear deal negotiations a help-along, the WSJ …

    Source: Zero Hedge - Right-wing
  • Published on 04:02 GMT

    Japanese refiners base US crude buy decisions on OPEC+ supplies, Middle East OSPs

    Japanese refiners are keen to regularly buy US crude in pursuit of feedstock import diversification, but OPEC+ supply and Middle Eastern crude price trends would mainly determine monthly North American cargo purchases, refinery sources said May 30-June 2. …

    Source: Hellenic Shipping News - Neutral
  • Published on 00:52 GMT

    Oil inches up as faltering Iran deal stokes supply concerns

    By Anjana Anil and Michele Pek SINGAPORE (Reuters) -Oil prices ticked up on Tuesday on concerns about supply, with Iran set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer, while weakness in the dollar …

    Source: Yahoo Finance - Center-left
  • Published on Jun 2, 2025

    Higher OPEC+ supply and geopolitics dominate oil market

    Energy – OPEC+ supply increase in line with our expectations OPEC+ agreed to another large supply hike over the weekend, increasing it by 411k b/d effective July. The increase is similar to those in May and June. By the end of July, the group will have …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 2, 2025

    Oil Prices Rebound Amid Rising Geopolitical Tensions and Mixed Demand Signals

    Crude oil futures regained upward momentum on Monday as geopolitical tensions and tighter U.S. fuel inventories overshadowed the widely expected news that OPEC+ plans to raise production in July. The price recovery follows a volatile period for energy …

    Source: European Business Magazine - Indeterminate
  • Published on Jun 2, 2025

    Oil prices up following OPEC+ decision

    Singapore: Oil prices rose by more than one dollar per barrel on Monday, supported by the decision of the OPEC+ group to increase production in July by the same amount as in the previous two months. Brent crude futures climbed $1.46, or 2.33%, to $64.24 …

    Source: The Peninsula - Gov't Propaganda
  • Published on Jun 2, 2025

    Futures Slide On Renewed Trade Turmoil As Gold, Oil Spike

    US equity futures are weaker along with Asian and European markets as the trade war escalates after US and China accused each other of violating the terms of their recent agreements while geopolitical uncertainty weakened investor confidence. As of 8:00am, …

    Source: Zero Hedge - Right-wing
  • Published on Jun 2, 2025

    Gas, diesel price hikes set on June 3

    Gasoline, diesel prices are set to go up again effective June 3. —NIÑO JESUS ORBETA/REUTERS MANILA, Philippines – Gas and diesel prices are set to go up again on June 3, oil companies said. In separate advisories on Monday, Seaoil, CleanFuel, and …

    Source: Cebu Daily News - Neutral
  • Published on Jun 2, 2025

    Oil prices rise after OPEC+ decision to increase production in July

    [Mon, 02 Jun 2025 13:20:28 +0300] Singapore - (Saba): Oil prices rose by more than $1 a barrel in early Asian trading after the OPEC+ group decided to increase production in July by the same amount it increased in each of the previous two months, in line …

    Source: Yemen News Agency SABA - Gov't Propaganda
  • Published on Jun 2, 2025

    Korea turns, cautiously, to Canadian crude for first time since Trump's return

    Published: 02 Jun. 2025, 18:16 The Pacific Jade, a crude oil tanker, is seen at the Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in British Columbia, Canada, on Aug. 25, 2024. [REUTERS…

    Source: Korea JoungAng Daily - Center-right
  • Published on Jun 2, 2025

    Gas, diesel price hikes set

    Gasoline, diesel prices are set to go up again effective June 3.  —NIÑO JESUS ORBETA/REUTERS MANILA, Philippines – Gas and diesel prices are set to go up again on June 3, oil companies said. In separate advisories on Monday, Seaoil, CleanFuel, and …

    Source: Inquirer - Neutral
  • Published on Jun 2, 2025

    Oil jumps after OPEC+ sticks to same output hike in July versus June

    SINGAPORE  - Oil prices rebounded more than $1 a barrel on Monday after producer group OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, which came as a relief to those who expected a bigger increase. …

    Source: Zawya - Indeterminate
  • Published on Jun 2, 2025

    Oil rebounds after OPEC plus sticks to same output hike in July versus June

    Business Business Oil rebounds after OPEC plus sticks to same output hike in July versus June Close Brent crude futures climbed $1.19, or 1.9%, to $63.97 a barrel Follow on Published On: Mon, 02 Jun 2025 08:48:55 PKT SINGAPORE (Reuters) - Oil prices …

    Source: Dunya News - Indeterminate
  • Published on Jun 2, 2025

    Lower Open Anticipate For South Korea Shares

    The South Korea stock market on Friday snapped the two-day winning streak in which it had jumped more than 80 points or 3.1 percent. The KOSPI now rests just beneath the 2,700-point plateau and it may extend its losses on Monday. The global forecast for …

    Source: RTTNews - Neutral
  • Published on Jun 1, 2025

    Oil rebounds after OPEC+ sticks to same output hike in July vs June

    By Florence Tan SINGAPORE (Reuters) - Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, in line with market expectation. …

    Source: Yahoo Finance - Center-left

28 days 18:40:05

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