Oil Market News Monitoring

OPEC+ Announcement Stuns Oil Market

The OPEC+ alliance will increase supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices to punish the group's cheats. Crude was already reeling from the onslaught of trade tariffs …

OPEC+ Monitoring Committee to discuss oil market situation at online meeting

MOSCOW, April 5. /TASS/. The ministerial monitoring committee of OPEC+ will meet online on Saturday to analyze the current state of the oil market. This time, only the ministerial monitoring meeting is planned. Full-format meetings of all OPEC+ …

Oil companies still not paying Red Deer County tax bills

Oil and gas companies continue to dodge their Red Deer County property tax bills. The amount in unpaid taxes owed by energy industry companies for their well sites, pipelines and other facilities hit $4.7 million at the end of 2024. That's up from $4.4 …

Oil Market Turmoil Triggers Historic Plunge in Brazilian Energy Stocks

Brazilian energy firms Brava Energia and Petrobras faced precipitous stock declines this week as global oil prices collapsed under escalating U.S.-China trade tensions and OPEC+ supply shifts. Brent crude plummeted 8% to $68.52 per barrel by April 4, …

Chevron will be forced to cough up at least $740 million after a decade-long trial ruled the oil company dumped billions ...

Palm oil company uses armed forces, tear gas against protesting villagers in Cameroon

Cameroonian villagers protesting on March 25 against plantation company Socapalm’s replanting of oil palm trees on disputed land were dispersed with tear gas by local law enforcement. Villagers say the land is part of 3,712 hectares (9,173 acres) that …

After a stoppage of more than seven years, Sirte Oil Company’s Second Methanol Plant restarts

After a stoppage of more than seven years, Sirte Oil Company’s Second Methanol Plant restarts

‎Libya’s state National Oil Corporation (NOC) reported last Sunday (30 March) that the technical teams of Sirte Oil and Gas Production and Processing Company succeeded in restarting its second methanol plant – after a stoppage for more than seven years. …

ONGC shares fall 6.5% amid oil market concerns 

Oil and Natural Gas Corporation (ONGC) shares fell sharply in morning trade, declining 6.48 per cent to ₹227.55, down ₹15.76 as of 10.15 AM. The significant drop comes amid broader concerns about global oil demand and follows volatile trading patterns, …

Oil Market Gauges Show Looser Balances as OPEC+ Hikes Output

(Bloomberg) — Key oil indicators are signaling looser balances ahead, after OPEC and its allies shocked the market with a dramatic early supply increase just as concerns over global demand become more acute.Article content Timespreads across the curve for …

OPEC+ To Hike Production In May To Support Oil Market Stability

(MENAFN- Khaleej Times) The eight OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on April 3 to review global …

Chicken Oil Company planning to reopen in June

BRYAN, Texas (KBTX) - People might be able to enjoy a popular burger spot again this summer, one that’s been closed down for the past three years. Chick Oil Company’s Director of Operations told a KBTX reporter on Thursday that they hope to have the …

Global oil market has a problem of plenty: ONGC CEO Arun Singh

The global oil market appears to be facing a problem of plenty, with producers having a combined spare capacity of 9 million barrels a day (mbd) at a time when demand is muted, ONGC Chairman Arun Singh has said. “We are moving into an era of plenty,” Singh …

Ghana Oil Company (GOIL) Chief Executive Officer (CEO) to Speak at Accra Investor Briefing as Ghana Targets Enhanced ...

Targeting enhanced fuel security, Ghana is driving the development of its downstream oil and gas industry, with advancements in liquefied petroleum gas (LPG), distributed fuel products and aviation fuels. The country’s state-owned oil and gas marketing …

Ghana Oil Company (GOIL) Chief Executive Officer (CEO) to Speak at Accra Investor Briefing as Ghana Targets Enhanced ...

Basrah crude prices drop as global oil markets decline

2025-04-03T07:30:24+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Basrah crude prices fell on Thursday, tracking a global decline in oil prices. Basrah Heavy crude dropped by 32 cents, or 0.44%, to settle at $71.71 per barrel, while Basrah Medium …

Climate disasters are on the rise. These states want to make oil companies pay

For many California residents, the Los Angeles wildfires earlier this year were the latest and most searing example of the devastating effects of climate change. Some estimates have pegged the damages and economic losses from the fires at more than $250 …

Diesel prices are steady, but world oil markets are nervous

This week, quotes for bulk quantities of green diesel are hovering around the 98c/l including VAT mark. As we went to press this week, prices being quoted for orders in the region of 1,000l-plus of green diesel, or marked gas oil (MGO) as it’s more …

In Memoriam: The 31 Billionaires Who Died Over The Past Year

From cable television magnates to fashion moguls to casino bosses, these billionaires have passed away since the 2024 Forbes list. The founder of HBO, a Macau casino magnate and one of the greatest hedge fund managers of all-time are among the three dozen …

Cotemar recibe reconocimiento 'Empresas Excepcionales 2024', por contribuir a los ODS

CIUDAD DE MEXICO, CIUDAD DE MEXICO, MEXICO, April 5, 2025 /⁨EINPresswire.com⁩/ -- Grupo Cotemar nuevamente ha sido distinguido con el Reconocimiento Empresas Excepcionales, con el nivel Excepcional por la práctica “Agenda Cotemar 2030: Contribución …

Grupo Cotemar: 13 años de compromiso con la Responsabilidad Social

CIUDAD DE MEXICO, CIUDAD DE MEXICO, MEXICO, April 5, 2025 /⁨EINPresswire.com⁩/ -- Durante trece años consecutivos, Grupo Cotemar ha sido reconocido con el Distintivo ESR (Empresa Socialmente Responsable). Este reconocimiento destaca los esfuerzos …

Cotemar firma convenio de colaboración con la Universidad Marítima y Portuaria de México (UMPM)

CIUDAD DE MéXICO, CIUDAD DE MéXICO, MEXICO, April 5, 2025 /⁨EINPresswire.com⁩/ -- Con el objetivo de impulsar el desarrollo profesional de jóvenes egresados con formación marina, Grupo Cotemar firmó un convenio de colaboración con la Universidad …

UFA Welcomes New Board Chair

New UFA Board Chair, Jennifer Wood, makes history as the first female to hold the position CALGARY, ALBERTA, CANADA, April 4, 2025 /⁨EINPresswire.com⁩/ -- The Board of Directors at United Farmers of Alberta Co-operative Limited (“UFA”) is pleased …

SAJ bietet innovative All-in-One-Speicherlösungen für Privathaushalte in Europa: SAJ 20 Jahre Innovation

VKWOIQ Energy ist der exklusive Vertriebspartner der Marke SAJ in Europa. KöLN, GERMANY, April 4, 2025 /⁨EINPresswire.com⁩/ -- VKWOIQ Energy bietet eine breite Palette an Qualitätsprodukten und Dienstleistungen mit dem Fokus auf Nachhaltigkeit, …

Gentzler Tool & Die Expands Tool & Die Services to Support Ohio’s Manufacturing Industry

UNIONTOWN, OH, UNITED STATES, April 4, 2025 /⁨EINPresswire.com⁩/ -- Gentzler Tool & Die, a leading tool and die company in Ohio, is expanding its precision tool & die services to better support manufacturers across multiple industries. With …

超低硫黄燃料油市場規模は2032年までに1,374.4億米ドルに達する見込み

極低硫黄燃料油市場は2032年までに829.6億米ドルに達する見込みです。精製技術の継続的な革新により、VLSFOの生産効率と品質が向上し、船舶燃料としてより現実的でコスト効率の高い選択肢となっています。 PUNE, MAHARASHTRA, INDIA, April 4, 2025 /⁨EINPresswire.com⁩/ -- 世界の超低硫黄燃料油市場は2023年に829.6億米ドルと評価され、2024年の872.2億米ドルから2032年までに1,374.4 …

Kevin O’Leary & Dr. Farb in a Webinar

Kevin O'Leary and Flower Turbines CEO Dr. Farb Discuss Wind, Renewable Energy, and Data Centers on April 10 LUBBOCK, TX, UNITED STATES, April 4, 2025 /⁨EINPresswire.com⁩/ -- Kevin O’Leary (aka Mr. Wonderful) and Flower Turbines’ CEO, Dr. …

Beam Global to Release 2024 Operating Results, Conference Call Scheduled for April 11, 2025 at 4:30 p.m. ET

SAN DIEGO, April 04, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it …

World’s first global AI compliance advisor – Vistra leads the Economy 4.0 revolution in corporate services

HONG KONG, HONG KONG, April 4, 2025 /⁨EINPresswire.com⁩/ -- AI is at the heart of the Economy 4.0 revolution and Vistra is leading the charge with the launch of the world’s first global AI compliance advisor. Geni will help organisations across the …

Artesian Water Company, Inc. Files Application with Delaware Public Service Commission for Increase in Customer Rates

NEWARK, Del., April 04, 2025 (GLOBE NEWSWIRE) -- Artesian Water Company, Inc. (“Artesian”), a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), filed an application with the Delaware Public Service Commission (PSC) today for a change in …

ArcelorMittal announces updated financial calendar for 2025

4 April 2025, 18:00 CET  ArcelorMittal today announces a revision to its financial calendar for 2025. The Q1 2025 earnings results initially scheduled for 2 May 2025 and announced by way of a press release dated 6 December 2024 will now be published on 30 …

IN-FLIGHT DATA AND SPRINGBANK AIR TRAINING COLLEGE LAUNCH CANADA’S FIRST LEVEL 1 COMPLEX DRONE TRAINING PROGRAM

Two Weeks to Certified, Flight-Ready Graduates CALGARY, ALBERTA, CANADA, April 3, 2025 /⁨EINPresswire.com⁩/ -- In a historic move for the future of aviation training in Canada, IN-FLIGHT Data, one of the country’s oldest and most accomplished RPAS …

Campos Foundation Fuels STEM Dreams at Urban Promise Academy with New SmartLab

Campos Foundation donates $178K to bring hands-on STEM SmartLab to Urban Promise Academy, empowering Oakland students through tech and innovation OAKLAND, CA, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Momentum is building in Oakland’s …

This Week in Construction: Top Innovations & Industry Trends – April 3, 2025

Peer-to-peer digital content sharing for construction and building professionals SUNDRE, ALBERTA, CANADA, April 3, 2025 /⁨EINPresswire.com⁩/ -- Since its establishment in 2003, Construction Links Network has emerged as a premier news and …

ArcelorMittal publishes convening notice for its Annual General Meeting of shareholders

4 April 2025, 08:00 CET  ArcelorMittal (the ‘Company’) has today published the convening notice for its Annual General Meeting of shareholders (the ‘General Meeting’), which will be held on 6 May 2025 at 12:30 CET at the Company’s registered office, 24-26, …

Grady Campbell Launches TOP 50 Investment Banks in the Middle Market Awards Program

CHICAGO, IL, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Building on the success of its TOP 50 PE Firms in the Middle Market™ awards program, Grady Campbell, a leading creative agency focused on the middle market, has launched The TOP 50 …

Replace PTFE Tape with Oxygen-Safe Formula-8

Formula-8 is an oxygen-safe thread sealant engineered to eliminate the frustrations of tape and provide a long-lasting seal in the most demanding applications. LEWISTON, MN, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Fluoramics, a leader in …

HIF Global and Mabanaft sign e-Methanol offtake HOA

Global sustainable fuels demand expected to exceed 250 mtpa by 2035 HOUSTON, TX, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- HIF Global, the leader in highly innovative fuels, and Mabanaft, global energy solutions provider, signed a Heads …

Inc. Names Oliva Gibbs LLP to its 2025 List of the Fastest-Growing Private Companies in the Southwest

Oliva Gibbs moved up 87 spots to rank No. 43 on Inc.’s list of the fastest-growing private companies in the Southwest, standing out among legal & energy firms. HOUSTON, TX, UNITED STATES, April 3, 2025 /⁨EINPresswire.com⁩/ -- Inc., the leading media …