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A service for global professionals · Tuesday, May 13, 2025 · 812,137,428 Articles · 3+ Million Readers
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OPEC & Crude Oil News Monitoring

  • Published on 07:11 GMT

    Crude oil futures decline despite US-China trade progress

    Crude oil futures traded lower on Tuesday morning due to prospects of an increase in global supply, despite progress in US-China trade negotiations. At 9.58 am on Tuesday, July Brent oil futures were at $64.81, down by 0.23 per cent, and June crude oil …

    Source: The Hindu Business Line - Neutral
  • 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

    Crude oil jumps 4% on hope economic growth will rebound from temporary U.S.-China trade deal

    Crude oil futures jumped 4% on Monday, after the U.S .and China agreed to slash tariffs, easing trade tensions between the world's two largest petroleum consumers. U.S. crude oil was up $2.52, or 4.1%, to $63.54 per barrel. Global benchmark Brent rose …

    Source: CNBC - Neutral
  • Published on 11:20 GMT

    Nigeria Hits 99% Of OPEC Quota As Crude Production Rises To 1.48m bpd – NUPRC

    May 13, (THEWILL) – Nigeria’s crude oil production rose to 1.48 million barrels per day (bpd) in April 2025, marking a modest increase from 1.40 million bpd recorded in March, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Monday. …

    Source: The Will - Neutral
  • Published on 04:42 GMT

    OPEC+ policy shift clashes with demand uncertainty

    OPEC+ policy shift Demand concerns induced by tariff uncertainty have only been compounded by a shift in OPEC+ policy, which has weighed heavily on oil prices. OPEC+ appears to be in the process of moving away from defending prices towards defending market …

    Source: Hellenic Shipping News - Neutral
  • 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

    Nigeria Increases Crude Oil Production, Nears OPEC+ Quota

      Nigeria increased its crude oil output to an average of 1.486 million barrels per day (bpd) last month, up from 1.401 million bpd recorded in March, nearing the official quota of 1.5 million barrels per day set by OPEC+.   According to data released by …

    Source: Channels TV - 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 11, 2025

    WTI Crude Oil Weekly Forecast: Descending Triangle Points To More Downside

    Sunday, May 11, 2025 10:59 AM EDT Image Source: Pixabay Bearish View Short the WTI crude oil and set a take-profit at $55.40. Add a stop-loss at $67. Timeline: 1-2 days. Bullish View Buy the WTI crude oil and set a take-profit at $67. Add a stop-loss at $ …

    Source: myMotherLode - Pending
  • Published on May 12, 2025

    Nigeria’s crude output hits two-month high but below OPEC quota

    Nigeria’s crude oil production climbed to a two-month high in April, signalling modest recovery efforts in Africa’s largest oil producer. However, it remained below the country’s official quota set by the Organisation of the Petroleum Exporting Countries ( …

    Source: Business Day - Neutral
  • Published on May 10, 2025

    China Accelerates Crude Oil Stockpiling Amid Sanction Fears

    Image Source: Pixabay China’s seaborne crude oil imports reached an estimated 10.9 million barrels per day in April, marking the highest monthly volume since August 2023, Vortexa said. “This surge was initiated by concerns over potential supply disruptions …

    Source: myMotherLode - Pending
  • Published on 11:34 GMT

    Oil Prices Jumped To A 2-Week High

    Tuesday, May 13, 2025 6:45 AM EDT Image Source: Pixabay   The US stocks soared yesterday after the US and China announced massive tariff cuts for 90 days following trade talks. The US said it would cut tariffs on Chinese goods from 145% to 30%, while China …

    Source: myMotherLode - Pending
  • Published on 04:26 GMT

    Ojulari: NNPC to Resume Drilling in Kolmani Field, Issues with Dangote Refinery Resolved

    •Says conflicts will no longer be resolved on newspaper pages  •Nigeria’s April oil output rises marginally, reaches 3-month high Emmanuel Addeh in Abuja Contrary to insinuations that Nigerian National Petroleum Company Limited (NNPC) had halted the …

    Source: This Day - Pro-Government
  • Published on 06:16 GMT

    Oil slips as worry about increased supply counters US-China trade relief

    Singapore — Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supply, despite earlier optimism over the pause in the US-China trade war after both countries temporarily cut tariffs. Brent crude futures dropped 22c, or …

    Source: BusinessLIVE - Pending
  • Published on 09:30 GMT

    Oil Prices Decline Amid Supply Concerns

    Oil prices fell on Tuesday from their highest level in two weeks, affected by concerns over rising supplies, despite earlier optimism regarding the easing of the U.S.-China trade war after both countries temporarily reduced tariffs.اضافة اعلان Brent crude …

    Source: Jordan News - Indeterminate
  • Published on 02:48 GMT

    Nigeria's Oil Production Hits 1.4mbpd In April, Up 6% - Nuprc

    NUPRC reported that Nigeria's average crude oil production for April reached 99% of the 1.5 million barrels per day (bpd) quota allocated by the Organization of Petroleum Exporting Countries (OPEC). According to the Nigerian Upstream Petroleum …

    Source: The Nigerian Voice - Indeterminate
  • Published on 06:07 GMT

    Oil falls as concerns over rising supplies

    Ammon News - Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supplies, despite earlier optimism over the pause in the U.S.-China trade war after both countries temporarily cut tariffs. Brent crude futures dropped 22 …

    Source: Ammon News - Indeterminate
  • 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 11:22 GMT

    Asia And Europe Markets Trade Mixed Following US-China Tariff Deal Optimism - Global Markets Today While US Slept

    On Monday, May 12, U.S. markets closed sharply higher after the U.S. and China agreed to a 90-day temporary tariff reduction, easing trade tensions that had escalated since April. The S&P 500 reached its highest level since early March. Investors …

    Source: Benzinga - Neutral

06 days 16:17:24

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  • Published on May 13, 2025 - 11:20 GMT

    US oil sector expresses disappointment with Trump

    (MENAFN) The US oil industry is increasingly dissatisfied with President Donald Trump’s policies, with falling crude prices and tariffs putting pressure on producers, particularly smaller ones, according to Bloomberg. During his campaign, Trump’s “drill, …

    Distribution channels: ...
  • Published on May 8, 2025 - 21:00 GMT

    Total Energy Services Inc. Announces Q1 2025 Results

    CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended March 31, 2025. Financial Highlights ($000’s except per share …

    Distribution channels: Business & Economy, Consumer Goods ...
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