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A service for energy industry professionals · Thursday, July 3, 2025 · 827,946,902 Articles · 3+ Million Readers
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Crude Oil Prices News Monitoring

  • Published on Jul 2, 2025

    Oil Price Forecast: WTI Recovers Above $65 As Focus Shifts To OPEC

    Wednesday, July 2, 2025 1:29 PM EDT Photo by American Public Power Association on Unsplash  West Texas Intermediate (WTI) is extending gains as the US Crude Oil benchmark rises above $65.00. At the time of writing, WTI is trading near $65.85, with intraday …

    Source: myMotherLode - California - Pending
  • Published on Jul 2, 2025

    Oil prices jump 3% as Iran suspends cooperation with UN nuclear watchdog

    NEW YORK :Oil prices rose 3 per cent on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog and the U.S. and Vietnam reached a trade deal, but a surprise build in U.S. crude supplies limited price gains somewhat. Brent crude settled $2. …

    Source: Channel News Asia - Pro-Government
  • Published on Jul 2, 2025

    Indonesia raises crude palm oil benchmark price, cuts cocoa reference rate for July

    JAKARTA, July 2 (Xinhua) -- The Indonesian government has increased the benchmark price of crude palm oil (CPO) in July by 21.51 U.S. dollars to 877.89 dollars per metric ton, and lowered the reference price for cocoa beans by 152.92 dollars to 9,438.60 …

    Source: Xinhua News Agency - Gov't Propaganda
  • Published on 05:37 GMT

    Palm trades sideways as strong Dalian oils counter weak crude, Chicago soyoil

    KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Thursday, as strength in rival Dalian oils provided support while weakness in crude oil and Chicago soyoil limited the gains. The benchmark palm oil contract for September delivery on the …

    Source: Business Recorder - Neutral
  • Published on Jul 2, 2025

    No one's afraid of an oil supply jinx

    Indian refiners didn't panic during the recent Iran-Israel conflict. They saw little risk of a critical choke point for global oil flow like the Strait of Hormuz shutting down. And with refineries already holding standard 15-day inventory, there was no …

    Source: The Economic Times - Center-right
  • Published on Jul 2, 2025

    Oil sales ignite in FY25

    Pakistan’s oil marketing companies (OMCs) posted a notable recovery in petroleum sales in FY25, signalling gradual stabilization in demand amid a complex macroeconomic environment. Total oil sales for the fiscal year reached 16.32 million tons, marking a 7 …

    Source: Business Recorder - Neutral
  • Published on 02:57 GMT

    IMF: FG Needs to Rework 2025 Budget to Accommodate Lower Oil Prices

    •Puts savings from fuel subsidies to 2% of 2024 GDP   •Says Nigeria’s reforms have stabilised economy, seeks action on power •FG welcomes Fund’s findings  • Senate applauds CBN’s mid-year policy performance Ndubuisi Francis,  Emmanuel Addeh, James Emejo,  …

    Source: This Day - Pro-Government
  • Published on Jul 2, 2025

    Iran cut ties with UN nuclear inspectors, triggering a 2% surge in oil prices

    Oil prices rose 2% on Tuesday after Iran ended all cooperation with UN atomic inspectors, sending an immediate signal through global markets. The decision came just days before a scheduled OPEC+ meeting, and traders responded by pushing Brent crude past $ …

    Source: Cryptopolitan - Indeterminate
  • Published on Jul 2, 2025

    Dallas Fed survey: Oil and gas activity decreased in Q2 due to higher US steel tariffs

    The Dallas Fed survey released on Wednesday showed that activity in the U.S. Oil and Gas sector in Texas and Louisiana, and New Mexico, decreased slightly in the second half of 2025. This was due to the increase in steel tariffs. The drop in activity comes …

    Source: World Energy News - Connecticut - Pending
  • Published on Jul 2, 2025

    Kuwait oil price down 64 cents to $68.59 pb -KPC

    KUWAIT -- Price of Kuwaiti oil dropped 64 cents to settle on USD 68.59 per barrel on Tuesday compared to USD 69.23 pb on Monday, Kuwait Petroleum Corporation (KPC) said in a statement on Wedesday. Globally, price of Brent crude dropped by 37 cents to USD …

    Source: Zawya - Indeterminate
  • Published on 05:38 GMT

    The Mexican Press Reveals That Pemex Has Sent More Oil to Cuba, in Addition to Ammonia

    Since January, the Sheinbaum government has delivered more than one million barrels to the island. The Cuban-flagged oil tanker ’Sandino’ awaits a shipment of approximately 296,000 barrels of crude oil in Mexico / Shipspotting.com 14ymedio, Madrid, …

    Source: 14ymedio - Neutral
  • Published on Jul 2, 2025

    Gas prices over July 4 holiday are their lowest in 4 years

    As Chicagoans head to the pump this week to head out for the long July 4 holiday weekend, they can feel better knowing they are paying less for a gallon of gasoline than a year ago. Much less. Averaging $3.65 in the metro area, gas prices in Chicago are …

    Source: Chicago Sun Times - Illinois - Center-left
  • Published on Jul 2, 2025

    China Sucks Up Venezuela For Oil. - The Energy Report

    Wednesday, July 2, 2025 1:16 PM EDT Image Source: Unsplash U.S. sanctions on Venezuela are creating interesting dynamics in the global diesel market. We have a diesel dilemma because of tight global supply and strong global demand as US supplies plummet …

    Source: myMotherLode - California - Pending
  • Published on Jul 2, 2025

    Joburg's motorists brace for a tougher month as fuel prices rise

    Inside a taxi, Xoliswa Mabala said she has parked her car at home to save costs.    Mabala said the petrol hike will crush South Africans. “We will have to park our cars and use taxis now. But then taxi prices will also go up. People relying on R350 grants …

    Source: Times LIVE - Indeterminate
  • Published on Jul 2, 2025

    Uncertainty lingers over oil, gas sector despite fleeting crude boost, Dallas Fed says

    Oil and gas activity contracted in recent months, with the sector hamstrung by geopolitical tensions and generalized fears of the unknown, Federal Reserve Bank of Dallas data showed Wednesday. The Dallas Fed’s quarterly survey ― which polls oil and gas …

    Source: The Dallas Morning News - Texas - Neutral
  • Published on Jul 2, 2025

    Oil Jumps on Vietnam Trade Deal

    Oil climbed in light pre-holiday trading after US President Donald Trump said he had reached a trade deal with Vietnam. West Texas Intermediate rose 3.1% to settle above $67 a barrel after Trump said he had reached a pact with the Southeast Asian nation …

    Source: Rigzone - Neutral
  • Published on 03:59 GMT

    Oil Surges As Iran Forbids Cooperation With UN Watchdog

    Meanwhile, U.S. crude stockpiles skyrocket: File Image/Pixabay Iran's sudden but hardly unexpected about face in refusing to cooperate with the United Nations nuclear watchdog caused oil prices on Wednesday to leap  forward by 3 percent, as …

    Source: Ship & Bunker - Neutral
  • Published on 04:13 GMT

    Industry protests furnace oil tax hike

    ISLAMABAD: A day after the Finance Act 2025-26 came into effect, the oil industry has urged the government to withdraw the petroleum levy (PL) and climate support levy (CSL) totalling Rs84,742 per tonne on furnace oil (FO), warning that the move threatens …

    Source: Dawn - Center-left
  • Published on 02:57 GMT

    Neconde Seeks Liberalisation of Gas Prices to Attract Investment

    Emmanuel Addeh in Abuja Indigenous oil and gas company, Neconde Energy Limited, has urged the federal government to remove the cap on gas pricing in the country to attract more local and foreign investment into the sector. In an interview on the sidelines …

    Source: This Day - Pro-Government

04 days 22:17:54

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