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A service for energy industry professionals · Tuesday, June 3, 2025 · 818,533,070 Articles · 3+ Million Readers
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Algeria Oil & Gas Newswire

  • Published on 04:09 GMT

    Behind OPEC+ oil output hike, Saudi-Russian tensions simmer

    Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil output increases while Moscow argued for a pause, four OPEC+ sources with knowledge of the talks said. Tension between the two most …

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

    Stocks mixed, oil up on rising trade tensions, geopolitical risks

    Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock markets were mixed as US-China trade tensions resurfaced after a brief lull. The dollar was under renewed pressure as traders …

    Source: The Paintsville Herald - Kentucky - Neutral
  • Published on Jun 2, 2025

    Stocks mixed, oil up on rising trade tensions, …

    "Trump's pledge to double steel and aluminium import tariffs have caused fresh uncertainty, especially with the European Union vowing to retaliate against the measures," said Susannah Streeter, head of money and markets at Hargreaves Lansdown …

    Source: Fort Bend Herald - Texas - Pending
  • Published on Jun 2, 2025

    Trade war and rising oil supplies weigh on crude prices

    KUWAIT: Worries over the health of the global economy amid escalating trade protectionism together with an accelerated unwind of OPEC+ output cuts pushed Brent crude to a four-year low of $60/bbl in early May – though prices have risen off their lows. …

    Source: Kuwait Times - Pro-Government
  • Published on Jun 2, 2025

    OPEC+ Accelerates Oil Output Surge In Bid To Reclaim Market Dominance

    (MENAFN- The Rio Times) The OPEC+ alliance announced a third consecutive monthly oil production increase of 411,000 barrels per day (bpd) for July 2025, confirming a strategic pivot toward volume over price stability. Saudi Arabia and Russia spearheaded …

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

    Oil Prices Rise Despite OPEC+ Output Hike Plans

    Oil prices climbed on Monday morning despite expectations that OPEC+ will continue to boost production in the coming months. Morgan Stanley commodity analysts expect OPEC+ to make three new monthly boosts to its output, returning all 2.2 million bpd it …

    Source: Oil Price - Neutral
  • Published on Jun 2, 2025

    Eight OPEC+ countries confirm July production hike

    Eight OPEC+ oil producers have confirmed they will hike production in July, according to their previously agreed plan to unwind 2.2mn bpd in voluntary cuts from April 2025 The eight OPEC+ countries, which previously announced additional voluntary …

    Source: Oil Review Middle East - Neutral
  • Published on Jun 2, 2025

    Rising Geopolitical Tensions Push Global Oil Prices Higher

    Oil prices climbed on the global commodity markets as heightened geopolitical tensions flared following Ukrainian drone strikes on Russian military air bases, even as both countries prepared for fresh peace talks in Istanbul. The gains come amid a tug-of- …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on Jun 2, 2025

    OPEC+ Confirms Oil Output Adjustment, Kazakhstan Quota Set

    ASTANA – Kazakhstan, along with seven other OPEC+ countries – Algeria, Iraq, Kuwait, Oman, Russia, Saudi Arabia, and the United Arab Emirates (UAE) – participated in a virtual meeting on May 31 to review global oil market conditions and reaffirm their …

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

    Crude prices set to fall further as OPEC+ hikes output

    Prices set for short-term strength before falling later in the year. OPEC+ is set to continue returning production for another three months, which will help drive oil prices lower, according to Morgan Stanley.  The eight key members in the cartel that had …

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

    Eight OPEC+ Members to Raise Oil Output Again in July

    The countries will add another 411,000 bpd to their output in July. File Image / Pixabay Eight OPEC+ countries have agreed to continue oil production increases with a 411,000 bpd adjustment for July. Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, …

    Source: Ship & Bunker - Neutral
  • Published on Jun 2, 2025

    OPEC+ Countries to 'Implement Production Adjustment' of 411K Bpd in July

    A statement posted on OPEC’s website on Saturday announced that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman “will implement a production adjustment of 411,000 barrels per day” next month. The statement noted that “the eight OPEC+ …

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

    OPEC+ Ups The Ante Via Another 411,000 Barrels Per Day Oil Output Hike

    The logo of the Organization of Petroleum Exporting Countries (OPEC) is seen at its headquarters in ... More Vienna, Austria. (Photo: Joe Klamar)AFP via Getty Images Oil producers’ group OPEC+ decided to up its production levels despite weak crude prices …

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

    Crude oil futures rise amid escalating Russia-Ukraine tensions 

    Rising tensions between Russia and Ukraine added support to the market on Monday morning Crude oil futures traded higher on Monday morning after Ukraine launched drone attacks on Russian airbases. At 9.53 am on Monday, August Brent oil futures were at $64. …

    Source: The Hindu Business Line - Neutral
  • Published on Jun 2, 2025

    Oil prices rise by more than 2% on global markets

    Oil prices saw a rebound of more than $1 a barrel on Monday after the producer group OPEC+ opted to raise output in July by the same margin as in each of the preceding two months, providing relief to market participants who had anticipated a more …

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

    Oil prices rise after OPEC+ agrees to further production increases.

    Mon 02 Jun 2025 | 07:35 AM Oil prices rose in early trading on Monday after OPEC+ agreed to a new production increase of 411,000 barrels per day in July. Brent crude futures rose more than $1 to $64 a barrel. US crude futures also rose more than $1 to $62. …

    Source: Sada Elbalad - Gov't Propaganda
  • Published on Jun 2, 2025

    Oil gains as geopolitical concerns rise, OPEC+ boosts supply

    Oil advanced after geopolitical and trade risk increased over the weekend, and as OPEC+ hiked production less than some had feared. Brent crude for August rose as much as 2.1% to $64.09 a barrel, after losing 2.2% last week, while West Texas Intermediate …

    Source: CNBC-TV18 - Center-left
  • Published on Jun 1, 2025

    OPEC+ reaffirms commitment to global oil market stability

    Facebook Twitter LinkedIn WhatsApp OPEC+ announced on Saturday that eight key member countries—Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and the Sultanate of Oman—have reaffirmed their collective commitment to …

    Source: Tunisie Numerique - Neutral
  • Published on Jun 1, 2025

    Dangote Refinery Sustains US Crude Purchase With 5m Barrels

    To sustain refining operations, the Dangote Refinery has placed import order of at least five million barrels of US West Texas Intermediate (WTI) crude oil in July, thus extending its buying spree after a potential record tally for June. The giant new 650, …

    Source: Leadership - Neutral

29 days 01:49:58

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