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A service for global professionals · Tuesday, May 13, 2025 · 812,167,730 Articles · 3+ Million Readers
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  • Published on 11:16 GMT

    Oil Market Rises 1% as US, China Ease Tariffs

    By Adedapo Adesanya The oil market appreciated by more than 1 per cent to settle at a two-week high on Monday, after the US and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. …

    Source: BusinessPost Nigeria - Indeterminate
  • Published on 04:13 GMT

    Tankers: OPEC’s Price Policy Could Boost Rates Down the Line

    The latest OPEC+ surprise decision to boost production could boost supply and lead to stronger tanker rates. In its latest weekly report, shipbroker Intermodal said that “the global oil market has been riding through intense swings, with Brent crude …

    Source: Hellenic Shipping News - Neutral
  • Published on 08:48 GMT

    Naira faces U.S dollar resurgence amid Nigeria’s oil production boost  

    The Nigerian currency oscillated between the N1,620.25/$ support line in the unofficial market amid the resurgence of the dollar in the global financial market. The naira’s depreciation was driven by demand-side concerns, with individuals and …

    Source: Nairametrics - Neutral
  • Published on 12:23 GMT

    Naira Wavers as Global Dollar Rally Clashes with Nigeria’s Oil Output Recovery

    Nigeria’s foreign exchange landscape experienced pressure and optimism this week as the naira fluctuated around N1,620.25 to the US dollar in the informal market.  This shift comes amid the renewed global strength of the dollar and increased local demand …

    Source: The News Chronicle - Neutral
  • Published on 02:17 GMT

    Opec+ calls time on attempts to boost oil price as Trump visit looms

    Opec+’s repeated decisions to boost oil output signal an acceptance by Saudi Arabia that it is unable to push prices higher, say analysts, amid growing frustrations with other members of the cartel and ahead of a key visit to the region by US President …

    Source: The Financial Times - Neutral
  • Published on May 12, 2025

    Oil prices climb 2% to two-week high on US-China tariff reductions

    Oil prices climbed about 2% to a two-week high on Monday after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world's two biggest economies. Brent crude futures rose $1.35, or 2.1%, to $65. …

    Source: The Economic Times - Pending
  • Published on 00:51 GMT

    Iraq to reduce crude oil exports in May and June

    2025-05-12T21:49:18+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq is set to export 3.2 million barrels per day of crude oil in May and June, an Iraqi official source told Reuters, in what would amount to a significant reduction from previous …

    Source: Shafaq News - Indeterminate
  • Published on May 12, 2025

    Oil prices climb 2% to two-week high

    NEW YORK: Oil prices climbed about 2% to a two-week high on Monday after the US and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world's two biggest economies. Brent crude futures rose $1.35, or 2.1%, …

    Source: The Express Tribune - Indeterminate
  • Published on May 12, 2025

    Oil prices settle up at two-week high as US, China ease tariffs

    [NEW YORK] Oil prices rose about 1.5 per cent to settle at a two-week high on Monday, after the US and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. Brent crude futures rose …

    Source: The Business Times Singapore - Neutral
  • Published on May 12, 2025

    North Sea industry outlook darkens amid oil price gyrations

    Concerns have intensified amid the plunge in oil and gas prices that has followed Mr Trump’s decision to impose tariffs on more than 50 countries. Brent crude fell from $75 per barrel on the day he announced the plan in April to a four-year low of $58.60…

    Source: The Herald (Scotland) - Center-left
  • Published on May 12, 2025

    Global oil demand rises by 1.7 mln bpd in Q1 2025 — Saudi Aramco CEO

    MOSCOW, May 12. /TASS/. Global oil demand reached a record 104.3 mln barrels per day (bpd) in the Q1 of 2025, marking an increase of 1.7 mln bpd compared to the same period in 2024, President and CEO of Saudi Aramco Amin Nasser said. According to …

    Source: TASS - Gov't Propaganda
  • Published on May 12, 2025

    Iraq to reduce crude oil exports in May and June, official says

    Iraq is set to export 3.2 million barrels per day of crude oil in May and June, an Iraqi official with knowledge of the matter told Reuters, in what would amount to a significant reduction from previous months. The lower export plan is part of Iraq's …

    Source: Zawya - Indeterminate
  • Published on May 12, 2025

    The Long Game in the Desert: Saudi Arabia’s Strategic Pivot on Oil Production

    Saudi Arabia’s strategic pivot is about letting go of the illusion of market control and moving production back up toward capacity, which will provide more revenue in the long-term. At a brief online meeting on May 3, OPEC+ decided to again surprise the …

    Source: The National Interest - Washington D.C. - Right-wing
  • Published on May 12, 2025

    Oil Prices Rise Amid US-China Trade Talks and Market Uncertainty

    Oil prices continued to rise as market participants shifted their focus to the upcoming trade discussions between the US and China, scheduled for this weekend. Bloomberg reported that Brent crude surpassed $63 per barrel after a 2.8% increase in the …

    Source: Global Trade - Texas - Neutral
  • Published on May 12, 2025

    OPEC+ to ensure main growth of global oil supplies after 2030 — Novak

    MOSCOW, May 12. /TASS/. OPEC+ countries, including Russia, will ensure the main growth of global oil supplies after 2030, Russian Deputy Prime Minister Alexander Novak wrote in an op-ed for the Energy Policy magazine. Meanwhile the share of the …

    Source: TASS - Gov't Propaganda
  • Published on May 12, 2025

    Aramco Profit Drops with Weak Oil Signaling More Strain

    Saudi Aramco reported a decline in profit in the first quarter as lower crude prices put pressure on the finances of the world’s biggest oil exporter. Net income slipped 4.6 percent to 97.5 billion riyals ($26 billion) in the quarter, according to a …

    Source: Rigzone - Neutral
  • Published on May 12, 2025

    China's recovery in crude oil imports is more bearish than bullish: Russell

    (The views expressed here are those of the author, a columnist for Reuters.) LAUNCESTON, Australia - China's imports of crude oil edged into positive territory for the first months of the year, but rather than a sign of improving fuel demand, the …

    Source: Zawya - Indeterminate
  • Published on May 12, 2025

    Press review: Turkey to host Russia-Ukraine talks as NATO starts drills by Russian border

    MOSCOW, May 12. /TASS/. Russia calls on Ukraine to restart direct talks in Istanbul; India and Pakistan exchange accusations of provocation after reaching a ceasefire deal; and NATO launches a major military drill along Russia’s border. These …

    Source: TASS - Gov't Propaganda
  • Published on May 11, 2025

    As oil prices fall can Gulf big spenders keep Trump pledges?

    Almost every month, there's another announcement about how various Gulf states will spend mind-blowing sums of money — hundreds of billions of dollars, if not trillions — in deals made with the new Trump administration in the US. In January, Saudi …

    Source: Deutsche Welle - Public Broadcaster

06 days 14:08:32

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  • Published on May 4, 2025 - 12:01 GMT

    India insulates itself from oil shocks

    (MENAFN) India is making strategic moves to protect itself from global oil market volatility, with crude imports from the US reaching a 27-month high in April 2025. This shift toward dependable suppliers comes amid sanctions on Venezuela and Iran. …

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  • Published on April 30, 2025 - 13:40 GMT

    Oil Prices Dip Due to Trade Tensions, Supply Concerns

    (MENAFN) Oil prices continued their downward trajectory on Wednesday, pressured by fears of weak demand due to the ongoing trade war between the U.S. and China, and growing worries about an oversupply in the market. Brent crude, the international benchmark …

    Distribution channels: ...
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