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A service for energy industry professionals · Thursday, July 3, 2025 · 828,101,689 Articles · 3+ Million Readers
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Crude Oil Prices News Monitoring

  • Published on 07:02 GMT

    Oil retreats as US tariff uncertainty looms, OPEC+ set to raise output

    SINGAPORE: Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers are expected to announce an output hike. Brent crude …

    Source: Zawya - Indeterminate
  • Published on 12:33 GMT

    Holiday travel hits record highs in NJ as gas prices fall

    The basics: AAA projects 72.2M US travelers over July 4 holiday, up 2.4% More than 2M New Jerseyans expected to travel 50+ miles NJ gas prices drop to $3.14 per gallon — lowest since 2021 Port Authority expects 5.5M travelers at airports, crossings The …

    Source: NJBIZ - New Jersey - Pending
  • Published on 09:59 GMT

    UAE non-oil private sector grew in June but Israel-Iran war weighs on demand

    Business activity in the UAE's non-oil private sector grew in June, but demand slowed due to the Israel-Iran war. The S&P Global Purchasing Managers Index for the Emirates inched up to 53.5 in June, from 53.3 in May, demonstrating “solid …

    Source: The National News - Pro-Government
  • Published on 13:59 GMT

    Crude oil futures ease amid weak spot demand

    New Delhi: Crude oil futures on Thursday fell Rs 44 to Rs 5,709 per barrel, as participants trimmed their positions tracking weak demand in the spot market. On the Multi Commodity Exchange, crude oil for July delivery declined Rs 44 or 0.76 per cent to Rs …

    Source: ETEnergyworld.com - Indeterminate
  • Published on 11:08 GMT

    Oil Retreats on US Tariff Uncertainty and OPEC+ Supplies

    Oil prices slipped on Thursday as the possibility of US tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers. Brent crude futures fell 58 cents, or 0.8%, to $68.53 a barrel by 0942 GMT. US West Texas …

    Source: Asharq Al-Awsat - Pro-Government
  • Published on 07:50 GMT

    Petroleum products witness 7% hike in sales in FY25

    Petroleum products sales reach 16.32 million tonnes in FY25. MS offtake reach 0.73 million tonnes in June to mark 36-month high. OMCs post 8.0% rise in June sales after slashed MS, HSD prices. KARACHI: Reflecting growth in the petroleum sector, Pakistan …

    Source: GEO TV - Pro-Government
  • Published on 09:18 GMT

    One of the world’s top oil producers is making a push into electric vehicles

    CNN  —  Electric vehicles are a common sight on roads across the world — but not everywhere. In Saudi Arabia, electric vehicles (EVs) account for just over 1% of overall car sales, according to PricewaterhouseCoopers’ (PwC) “eMobility Outlook 2024: KSA …

    Source: CNN - Neutral
  • Published on 08:34 GMT

    Oil Gains May Be Short-Lived With OPEC+ Set to Raise Supply Again

    The trade deal between the US and Vietnam boosted oil prices. However, with OPEC+ set to decide on August output levels, the move higher could be short-lived. In addition, 9 July marks the end of the 90-day pause in US reciprocal tariffs, leaving further …

    Source: Investing - Neutral
  • Published on 06:58 GMT

    World News | Pakistan Railways Announces Hike in Fares for Trains After Petroleum Prices Increase

    Islamabad [Pakistan], July 3 (ANI): The Pakistan Railways on Wednesday announced a hike in fares for passenger, express and mail trains, marking the second increase within 15 days, ARY News reported. The decision comes after the rise in prices of petroleum …

    Source: Latestly - Indeterminate
  • Published on 13:22 GMT

    As the heat fades, spot prices will continue to fall.

    The day-ahead power prices in France and Germany fell for the third consecutive day on Thursday, as temperatures began to cool after a prolonged heatwave. Meanwhile, nuclear availability increased in France. The price decline was less dramatic than it had …

    Source: World Energy News - Connecticut - Pending
  • Published on 07:44 GMT

    ICE cotton rises on stronger crude; market wary of...

    ICE cotton futures rose and closed higher on Wednesday, supported by rising grain prices and stronger crude oil. Costlier crude oil makes polyester fibre more expensive, thereby boosting demand for natural fibre cotton. However, trading activity remained …

    Source: Fibre 2 Fashion - Pending
  • Published on 14:08 GMT

    Oil Prices Dip on Confirmation of Inventory Build

    Crude oil prices opened weaker today following Wednesday’s release of U.S. oil inventory data that confirmed API’s estimate of a build. Regardless of the fact that the build, at 3.8 million barrels as estimated by the EIA, followed several weeks of draws, …

    Source: Oil Price - Neutral
  • Published on 07:48 GMT

    Easing tensions in Middle East keep prices down

    Average gasoline prices in Evansville have risen 3.5 cents per gallon in the last week, averaging $2.90/g today, according to GasBuddy's survey of 116 stations in Evansville. Prices in Evansville are 2.0 cents per gallon lower than a month ago and …

    Source: Warrick News - Pending
  • Published on 09:31 GMT

    ICE’s Natural Gas and Oil Markets at Record Open Interest

     Intercontinental Exchange, Inc., a leading global provider of technology and data and home of the most liquid energy markets in the world,  announced that its global natural gas and oil markets are at record open interest (OI). ICE’s natural gas futures …

    Source: Markets Media - Pending
  • Published on 08:21 GMT

    The Commodities Feed: Trade Optimism Boosts Oil Prices—For Now

    Wednesday, July 2, 2025 10:50 PM EDT Image Source: Pixabay The trade deal between the US and Vietnam boosted oil prices. However, with OPEC+ set to decide on August output levels, the move higher could be short-lived. In addition, 9 July marks the end of …

    Source: myMotherLode - California - Pending
  • Published on 10:16 GMT

    Oil industry warns of industrial disruption, economic destabilization due to higher levies

    In a letter to the Special Investment Facilitation Council (SIFC), Pakistan’s oil industry has urged to reverse the newly imposed petroleum levy (PL) and climate support levy (CSL) on furnace oil (FO), warning that the charges, totaling Rs84,742 per tonne, …

    Source: Profit by Pakistan Today - Neutral
  • Published on 13:46 GMT

    FUJAIRAH DATA: Oil products stocks climb for fourth straight week

    Oil products inventories at the UAE’s Port of Fujairah climbed for a fourth consecutive week, led by a 33% rise in jet fuel, diesel and other middle distillates, as overall exports slowed for June, according to July 2 port figures and the latest ship- …

    Source: Hellenic Shipping News - Neutral
  • Published on 13:59 GMT

    Volatile oil prices will not help countries meet inflation targets

    Brent crude, the international oil benchmark, climbed to over $81 a barrel at opening on 23 June, the highest level in five months, according to data from MarketWatch. Fundsmith Equity ditches Brown-Forman after decline in stocks since the beginning of the …

    Source: Investment Week - Neutral
  • Published on 06:49 GMT

    OPEC Reports a Global Oil Production Decline in 2024

    Global crude oil production declined by 1% last year, for the first time since 2020, averaging 72.58 million barrels daily, OPEC said in the latest edition of its Annual Statistical Bulletin. The group reported a decline in OPEC and partner production …

    Source: Oil Price - Neutral

04 days 11:19:12

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  • Published on July 3, 2025 - 10:54 GMT

    US crude supplies rise amid mixed petroleum data

    (MENAFN) U.S. crude oil refinery inputs averaged 17.1 million barrels per day (b/d) during the week ending June 27, increasing by 118,000 b/d compared to the previous week, according to a recent energy report. Refineries operated at 94.9 percent of …

    Distribution channels: ...
  • Published on July 3, 2025 - 09:38 GMT

    Oil Prices Fall After Israel, Iran Ceasefire

    (MENAFN) Oil prices plunged more than 12 percent last week, ending a three-week surge. Market experts anticipate they will level off close to the USD60 mark soon, provided a delicate ceasefire between Israel and Iran holds steady. Brent crude rose to USD77 …

    Distribution channels: ...
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