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A service for energy industry professionals · Tuesday, May 6, 2025 · 810,084,728 Articles · 3+ Million Readers
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Oil Demand News Monitoring

  • Published on May 5, 2025

    W. Africa Crude-Dalia offered lower, few June deals yet

    West African crude oil differentials were under more pressure on Friday with Angolan Dalia offered lower, amid weak economic sentiment and ample supply. Equinor offered Angolan Dalia for loading June 4-5 at dated Brent minus 25 cents via the Platts system. …

    Source: Hellenic Shipping News - Neutral
  • Published on May 5, 2025

    SLB sees tough times in 2025 owing to oil oversupply, tariffs, OPEC+ crude releases

    Rough sailing is anticipated for upstream oil and gas producers during the rest of 2025 as lower global E&P spending in an already oversupplied oil market is compounded by higher US import tariffs and sizable releases of OPEC+ crude, the top executive …

    Source: Hellenic Shipping News - Neutral
  • Published on May 5, 2025

    Sri Lanka’s economy at a crossroads: Fiscal improvement amid trade and demand woes

    Sri Lanka’s fiscal health showed signs of improvement in early 2025, with the budget deficit narrowing to Rs. 86.6 billion in the first two months of the year, down from Rs. 129.3 billion in the same period last year. This was supported by a rise in …

    Source: The Island - Center-left
  • Published on May 4, 2025

    Saudi Oil Minister Evokes 1973 Embargo Amid OPEC+ Supply Surge

    (MENAFN- The Arabian Post) Arabian Post Staff -Dubai Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, drew a striking historical parallel during a virtual OPEC+ meeting, referencing the 1973 oil embargo as the group ratified its second …

    Source: MENAFN - Indeterminate
  • Published on May 5, 2025

    Russian ESPO crude freight rates plunge amid tanker surplus

    Freight rates for ESPO Blend crude oil being transported from the Russian port of Kozmino to destinations in China experienced a further decline in April, reaching their lowest point since mid-January. This downward trend in shipping costs, according to …

    Source: Hellenic Shipping News - Neutral
  • Published on May 5, 2025

    Oil slumps after OPEC+ plan, US stock futures drop

    Oil slumped in early trading after OPEC+ agreed to a further surge in output over the weekend, bolstering global supplies. Asian stocks had a muted open amid holidays in some of the biggest markets. Crude oil fell 3.4% after the group of oil-producing …

    Source: The Economic Times - Pending
  • Published on May 5, 2025

    May 6: Fuel prices down by nearly P1 per liter

    MANILA, Philippines — After two consecutive weeks of increases, fuel prices will decrease by nearly P1 per liter starting Tuesday, May 6. Oil companies will cut pump prices by P0.55 per liter for gasoline, P0.65 per liter for diesel and P0.90 per liter for …

    Source: Philippine STAR - Indeterminate
  • Published on May 5, 2025

    Looking forward to lower oil prices

    For more than five years now, Saudi Arabia — the world’s largest oil exporter and the Organisation of the Petroleum Exporting Countries Plus (Opec+) kingpin — has been striving to balance the global oil demand and supply by controlling output. Riyadh has …

    Source: Dawn - Center-left
  • Published on May 5, 2025

    OPEC+ Output Increase Triggers Oil Price Drop Amid Global Demand Concerns

    (MENAFN- The Arabian Post) Arabian Post Staff -Dubai Oil prices fell sharply following OPEC+'s decision to boost output, sparking fears of a global supply glut as demand struggles under the weight of ongoing trade tensions. The agreement reached at the …

    Source: MENAFN - Indeterminate
  • Published on May 5, 2025

    'Bombshell' OPEC+ Output Hike Hits Oil Price

    Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and …

    Source: International Business Times - Pending
  • Published on May 4, 2025

    ‘Cabals’ still fighting against our refinery — Dangote

    The President of Dangote Group, Alhaji Aliko Dangote, says he is still fighting for the survival of his $20bn refinery, stressing that the fight is not yet finished. Dangote expressed optimism that he would win the fight for the refinery, stating his …

    Source: Punch - Indeterminate
  • Published on May 5, 2025

    Global Aviation Fuel Market Set To Double By 2034 Amid Rising Air Travel Demand

    (MENAFN- GlobeNewsWire - Nasdaq) Aviation fuel market to soar from USD 238.2B in 2024 to USD 474.9B by 2034 at 8.20% CAGR, driven by rising air travel, strategic collaborations, and sustainability efforts. Jet fuel leads growth amid increased global travel …

    Source: MENAFN - Indeterminate
  • Published on May 5, 2025

    Global Markets: Dow futures drop 276 pts; most Asian markets closed, crude tumbles over 3%

    Most Asian markets remain shut today due to a regional holiday, with Taiwan being the key exception, where equities are trading sharply lower. Meanwhile, U.S. stock futures slipped in early trade, following the Dow Jones’ longest winning streak in over two …

    Source: Business Upturn - Pending
  • Published on May 5, 2025

    Dollar-selling persists; Crude length trimmed ahead of OPEC output hike – Saxo Bank MENA

    (MENAFN- Matrix PR) Forex: COT on forex covering the week to 29 April showed that, despite some emerging USD strength, the dollar-selling theme remained intact, with speculators lifting the gross USD short versus eight IMM futures to an eight-month high of …

    Source: MENAFN - Indeterminate
  • Published on 20:01 GMT

    Menel Energy and Resources Limited - News Release Pursuant to: National Instrument 62-103

    At the same time, not a single word of the content we choose for you is paid for by any company or investment advisor: We choose our content based solely on its informational and educational value to you, the investor. So if you are looking for a way to …

    Source: Investing News Network - Neutral
  • Published on May 4, 2025

    Oil drops more than $2/bbl as OPEC+ accelerates output hikes

    By Florence Tan SINGAPORE (Reuters) -Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply. Brent crude futures dropped $2.04 a barrel, or 3.33%, to $ …

    Source: Yahoo Finance - Pending
  • Published on May 5, 2025

    Traders eye $US50 oil as OPEC rocks markets

    Oil prices plunged towards a four-year low on Monday after the Organisation of the Petroleum Exporting Countries and its allies shocked the energy market with a huge increase in production, adding to demand woes from the US trade war. The OPEC+ alliance, …

    Source: Financial Review - Center-right
  • Published on May 5, 2025

    OPEC, allies plan further oil output hike – Report

    Eight members of the Organisation of the Petroleum Exporting Countries and their allies, together known as OPEC+, have hinted at plans to further accelerate oil output hikes, amid the latest step to unwind the group’s most recent layer of output cuts for …

    Source: Punch - Indeterminate
  • Published on May 5, 2025

    Opec plus ‘to further speed up oil output increase’

    OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five Opec+ sources said. Opec+ shocked oil markets in April by agreeing a bigger-than-expected output hike for May despite weak …

    Source: Gulf Daily News Online - Pro-Government

06 days 06:49:46

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