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A service for energy industry professionals · Friday, May 2, 2025 · 808,863,552 Articles · 3+ Million Readers
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Saudi Arabia Oil & Gas Newswire

  • Published on 13:44 GMT

    Man Industries to complete Saudi facility in FY26, says MD Nikhil Mansukhani

    Man Industries (India) Ltd, a major producer of industrial-grade pipes for the oil and gas and water sectors, plans to complete its ₹650 crore pipe manufacturing expansion facility in Damman, Saudi Arabia, in the current fiscal year, said its managing …

    Source: Mint - Neutral
  • Published on 09:12 GMT

    Oil Rebounds But Set for Another Weekly Loss

    Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav - May 02, 2025, 2:00 AM CDT Oil prices temporarily increased due to reports of potential tariff negotiations between …

    Source: Oil Price - Neutral
  • Published on 06:46 GMT

    OPEC Output Down in April

    OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the Organization of the Petroleum Exporting Countries shrank by 200,000 …

    Source: Rigzone - Neutral
  • Published on 04:19 GMT

    Oil Price Rout Is Good News for Importers

    At the end of April, crude oil prices settled at the lowest in four years. The immediate reason was a report that Saudi Arabia was fed up with production cuts and was willing to give cheaper oil for a longer go. The other reason: Trump’s tariffs. …

    Source: Oil Price - Neutral
  • Published on 13:44 GMT

    Saudi-Israeli normalization is still possible—if the United States plays it smart

    Issue Brief May 2, 2025 • 9:00 am ET Print this page Saudi-Israeli normalization is still possible—if the United States plays it smart By Dan Rothem The prospect of Saudi-Israeli normalization has captured the world’s attention as a potential game changer …

    Source: Atlantic Council - Indeterminate
  • Published on 12:04 GMT

    Oil Set for Weekly Loss as Traders Await OPEC+ Supply Decision

    (Bloomberg) -- Oil headed for a second weekly loss as OPEC+ prepared to weigh further production increases, while traders assessed the latest developments in the US-China trade standoff. Most Read from Bloomberg Global benchmark Brent futures traded near $ …

    Source: Yahoo Finance - Pending
  • Published on 07:23 GMT

    Market uncertainty won’t slow Saudi IPO momentum: 46 listings expected

    Saudi Arabia’s IPO momentum continues to gain traction despite market uncertainty stemming from US tariffs and trade tensions in several international markets, which have derailed plans for a wave of new listings expected this year.  According to Riyad …

    Source: Zawya - Indeterminate
  • Published on 11:46 GMT

    Oil falls as traders weigh potential US-China trade talks

    LONDON: Oil prices fell on Friday as traders squared positions ahead of an OPEC+ meeting and amid some scepticism about a potential de-escalation of the trade dispute between China and the United States. Brent crude futures were down 23 cents, or 0.4%, to …

    Source: Zawya - Indeterminate
  • Published on 12:52 GMT

    IMF cuts 2025 MENA growth forecast amid trade and oil volatility

    By Sharon Nakola in Nairobi, Kenya | chinadaily.com.cn | Updated: 2025-05-02 17:21 The International Monetary Fund has sharply downgraded its 2025 growth forecast for the Middle East and North Africa, warning that rising global trade barriers, volatile oil …

    Source: China Daily Global - Gov't Propaganda
  • Published on 11:53 GMT

    Pakistan’s trade deficit with Middle East surpasses $10 billion due to higher petroleum imports

    Pakistan’s trade deficit with the Middle East grew by 10.11% to $10.502 billion in the first nine months of fiscal year 2025 (FY25), up from $9.538 billion in the same period last year. The increase is largely attributed to a rise in petroleum imports, …

    Source: Profit by Pakistan Today - Neutral
  • Published on 13:05 GMT

    Saudi Arabia releases updated GDP data highlighting expanded non-oil sector contribution

    RIYADH — Minister of Economy and Planning and Chairman of the General Authority for Statistics (GASTAT), Faisal Al-Ibrahim, announced that the newly released update to Saudi Arabia’s Gross Domestic Product (GDP) marks a major strategic milestone in the …

    Source: Zawya - Indeterminate
  • Published on 04:05 GMT

    Oil Posts Steepest Monthly Fall Since 2021, Dangote Says ‘Okay’ with Trump’s Tariff on Urea 

    Emmanuel Addeh in Abuja Oil prices have recorded the largest monthly drop in almost four years after Saudi Arabia signaled a move toward producing more and expanding its market share. Nigeria’s benchmark, Brent crude futures were selling for $61.86 a …

    Source: This Day - Pro-Government
  • Published on 02:07 GMT

    Oil gains as China opens door for trade talks with US

    By Mohi Narayan NEW DELHI (Reuters) -Oil prices climbed on Friday after China said it was open for talks with the United States on tariffs, raising hopes of a de-escalation in a bitter trade war between the world's two largest economies. Brent crude …

    Source: Yahoo Finance - Pending
  • Published on 09:14 GMT

    Saudi Arabia's Strategy To Tackle OPEC+ Compliance Issues

    (MENAFN- The Arabian Post) Saudi Arabia, the leading member of OPEC, has been pursuing an unconventional strategy in recent months, opting to lower oil prices in an effort to restore discipline within the group. The move marks a stark contrast to the …

    Source: MENAFN - Indeterminate
  • Published on 01:50 GMT

    Oil Rises as Traders Parse Signals on Trade Before OPEC+ Meeting

    Crude has still shed about 16% this year, touching a four-year low, as the Trump administration’s bid to rework the global trading system through punitive levies fanned concerns it’ll drag economies into recession, hurting energy demand. In addition, moves …

    Source: Financial Post - Center-right
  • Published on 01:39 GMT

    Oil prices little changed

    HOUSTON: Oil held steady on Thursday after strong earnings from Meta and Microsoft supported US equities and postponement of US-Iran talks offset concerns about the US economy and the prospect of higher OPEC+ oil output. US West Texas Intermediate crude …

    Source: Business Recorder - Neutral
  • Published on 01:39 GMT

    Gulf bourses end mixed on oil price fall

    DUBAI: Stock markets in the Gulf ended mixed on Thursday amid falling oil prices and weaker-than-expected US GDP data. The US economy contracted in the first quarter, largely because of a surge in imports as businesses sought to avoid expected tariffs. …

    Source: Business Recorder - Neutral
  • Published on 00:07 GMT

    Oil up 2% as Trump threatens new sanctions on Iran

    [HOUSTON] Oil prices settled nearly 2 per cent higher on Thursday after US President Donald Trump threatened secondary sanctions on Iran after a fourth round of US-Iran talks was postponed. Brent crude futures settled at US$62.13 a barrel, up US$1.07, 1.8 …

    Source: The Business Times Singapore - Neutral
  • Published on May 1, 2025

    Legacy Oil Producers May Define Next Chapter of Global Supply

    Global oil markets are entering a pivotal phase as exploration-driven reserve replacement lags. With only a few bright spots like Namibia and Guyana, estimates suggest that just 25–30% of the oil consumed each year is currently being offset by new …

    Source: Oil Price - Neutral

03 days 13:39:44

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