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A service for energy industry professionals · Thursday, July 3, 2025 · 828,200,079 Articles · 3+ Million Readers
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Crude Oil Prices News Monitoring

  • 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

    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 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
  • Published on 03:00 GMT

    Thai oil companies look for alternative markets after Cambodia ban

    A PTT station in Siem Reap province. The Kingdom’s ban on refined oil imports from Thailand is leading Thai oil companies to ship their products to other Asian countries. Khmer Times The Kingdom’s ban on refined oil imports from Thailand is leading Thai …

    Source: Khmer Times - Gov't Propaganda
  • Published on 02:55 GMT

    Oil sector struggling with bureaucratic bottlenecks – Neconde Energy

    The oil and gas industry in Nigeria is facing significant challenges due to bureaucratic bottlenecks and a tough regulatory environment, according to Neconde Energy Limited, an indigenous operator. The company’s acting Managing Director and Gas Asset …

    Source: Punch - Indeterminate
  • Published on 02:43 GMT

    US crude and gasoline inventories rise, distillates draw down, EIA says

    U.S. crude oil and gasoline inventories rose unexpectedly last week, while distillate stockpiles fell, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 3.8 million barrels to 419 million barrels in the week ending …

    Source: Hellenic Shipping News - Neutral
  • Published on 02:23 GMT

    New levies to raise fuel oil prices

    Listen to article ISLAMABAD: The Oil Companies Advisory Council (OCAC) has cautioned the Special Investment Facilitation Council (SIFC) that the climate support and petroleum levies on furnace oil have become effective from July 1, 2025, which will raise …

    Source: The Express Tribune - Indeterminate
  • Published on 01:38 GMT

    Oil falls on signs of weak US demand ahead of key jobs report

    By Nicole Jao (Reuters) -Oil prices eased on Thursday, reversing gains from the previous session, on concerns over weak U.S. demand after government data showed a surprise build in inventories in the world's biggest crude consumer. Brent crude futures …

    Source: Yahoo Finance - Center-left
  • Published on 01:17 GMT

    Standard Chartered: Oil Markets Can Easily Absorb Extra OPEC+ Barrels

    Oil markets kicked off the new year in a downbeat mood, with Wall Street analysts almost unanimously predicting a huge oversupply in 2025 even if OPEC+ did not add a single barrel back into the market. Well, it’s six months on, and oil markets have …

    Source: Oil Price - Neutral
  • Published on 01:04 GMT

    BP, once a hunter in the oil industry, is now prey. What went wrong?

    LONDON – For months, speculation has been building that the London energy giant BP could be acquired by a competitor. Its lackluster returns and low share price have made it a tempting takeover target. An activist shareholder had built up a significant …

    Source: Kathimerini - Neutral
  • Published on 00:37 GMT

    Oil Falls in Choppy Trading on Report US to Restart Iran Talks

    (Bloomberg) -- Oil declined after Axios reported the US plans to restart nuclear talks with Iran, reducing the risk of another flare-up in the Middle East conflict. Most Read from Bloomberg West Texas Intermediate crude slumped as much as 1.4% to hit …

    Source: Yahoo Finance - Center-left
  • 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 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

    SIFC’s intervention sought: OCAC, members say concerned over imposition of PL on furnace oil

    ISLAMABAD: The Oil Companies Advisory Council (OCAC) and its member companies have expressed deep concern and strong protest regarding the imposition of a petroleum levy (PL) of Rs82,077 per metric ton on furnace oil (FO), effective July 1, 2025, through …

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

    Gas tariffs & oil prices: Hikes significantly hit exports: VP FPCCI

    KARACHI: The Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Amaan Pracha, stated that the recent hike in gas tariffs and oil prices has significantly affected the country’s exports. Amaan Pracha said that they had …

    Source: Business Recorder - Neutral
  • Published on 06:31 GMT

    Azeri Light FOB and CIF prices see gains as oil market strengthens

    Azeri Light FOB and CIF prices see gains as oil market strengthens 3 July 2025 10:00 (UTC+04:00) The price of Azerbaijan’s "Azeri Light" crude oil has increased by $1.09, or 1.5%, reaching $73.61 per barrel on a CIF basis at Italy’s Augusta port, …

    Source: AzerNews - Gov't Propaganda
  • Published on Jul 2, 2025

    Latest fuel price hikes push South African consumers deeper into despair

    Hot on the heels of a modest petrol decrease in June, South African motorists now face a jarring reality as fuel prices surge again from 2 July 2025. The new rise, which pushes 95 Unleaded petrol to R21.87 per litre and 93 Unleaded to R21.79 (an increase …

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

    US stocks back at records as oil prices rally

    Major US stock indices closed at fresh records Wednesday following a US-Vietnam trade deal, while oil prices jumped after Iran suspended cooperation with the UN nuclear watchdog. Both the S&P 500 and Nasdaq finished at records for the third time in …

    Source: Voice of Alexandria - Minnesota - Pending
  • Published on Jul 2, 2025

    Volatility continues in oil markets as slight drop in activity expected

    BISMARCK, N.D. (KUMV) - Volatility and uncertainty are impacting oil prices across the globe, including the Bakken. Meeting with lawmakers, Department of Mineral Resources Director Nathan Anderson said a number of factors are playing into the outlook, …

    Source: KFYR TV - North Dakota - Pending

04 days 05:39:39

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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 …

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  • 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 …

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