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A service for energy industry professionals · Thursday, May 8, 2025 · 810,632,909 Articles · 3+ Million Readers
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  • Published on May 5, 2025

    Dangote’s fight for Nigeria’s oil future continues as he vows to defeat the cabal

    The Nigerian billionaire, alluded to again, his a fight against some individuals in Nigeria's long-standing oil importation system, who have reaped enormous benefits from government subsidies on imported petroleum. He noted that they are still …

    Source: Business Insider Africa - Neutral
  • Published on May 5, 2025

    Falling crude prices, weak dollar drive indices

    On a day when the half of the Asian markets were closed due to holidays, the Indian benchmark indices started the week on a strong note, supported by falling crude oil prices and a weak dollar. Extending gains for the second session, the Sensex closed …

    Source: Financial Express - Neutral
  • Published on May 5, 2025

    Thousands demand an independent Alberta, is Canada on the brink of breaking apart?

    Albertans Are Calling for Separation from Canada: A growing number of Albertans are openly voicing their frustration with the federal government, with some now calling for Alberta to separate from Canada. The recent re-election of the federal Liberal Party …

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

    Crude sinks after OPEC+ hikes supply, US equity futures & USD lower into ISM Services - Newsquawk US Market Open

    US President Trump said he is willing to lower tariffs on China at some point. He answered no when asked if he plans to speak with Chinese President Xi this week. US President Trump reiterated that the Fed should lower interest rates and said he won’t …

    Source: Zero Hedge - Right-wing
  • Published on May 5, 2025

    CBOD Market Outlook: Global oil prices slide amid US-China trade war

    The Chamber of Bulk Oil Distributors (CBOD), in its latest Market Outlook for the May 1–15, 2025 pricing window, highlights key global and local market developments expected to influence fuel prices in Ghana. Despite a modest 1.38% rise in global oil …

    Source: GhanaWeb - Neutral
  • 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

    Oil Drops Over $2 per Barrel

    Oil prices fell by more than $2 per barrel at the start of Asian trading on Monday, as the OPEC+ alliance moved toward accelerating its pace of production increases.اضافة اعلان Brent crude futures dropped by $2.04, or 3.33%, to $59.25 per barrel by 22:40 …

    Source: Jordan News - Indeterminate
  • Published on May 5, 2025

    Dangote Refinery is the only one producing petrol in Nigeria, NNPC only blending – Energy expert says 

    Economist and energy sector analyst Kelvin Emmanuel has stated that the Dangote Refinery is currently the only facility in Nigeria genuinely producing Premium Motor Spirit (PMS), commonly referred to as petrol. Emmanuel made the claim while speaking during …

    Source: Nairametrics - Neutral
  • Published on May 5, 2025

    Crude Curse Demolishes 2025 Budget, Threatens 2026

    “There are no desperate situations; only des­perate men.”Joseph Goebbels, 1897-1945 Nigerian leaders in Abuja and at state levels are desperate; even if most Nigerians are not aware of it. The federal and state governments are going broke with each passing …

    Source: Daily Independent - Pending
  • Published on May 5, 2025

    Goldman Sachs Slashes Its Oil Price Forecast Yet Again

    Goldman Sachs has slashed its oil price forecast for a third time in one month after OPEC+ decided this weekend to hike production in June with a similar 410,000-bpd increase it is implementing in May. In an online meeting on Saturday, key OPEC+ producers …

    Source: Oil Price - Neutral
  • Published on May 5, 2025

    Saudi Arabia Raises Oil Price to Asia as OPEC+ Boosts Supply Further

    Saudi Arabia has raised the price of its flagship crude grade loading for Asia in June, just as the Saudi-led OPEC+ group decided to continue easing the production cuts by adding a larger-than-expected volume to the market next month. In a sign that the …

    Source: Oil Price - Neutral
  • Published on May 5, 2025

    OPEC+ Throws ‘Bombshell to the Oil Market’

    [Stay on top of transportation news: Get TTNews in your inbox.] OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging. Key …

    Source: Transport Topics - Neutral
  • Published on May 5, 2025

    Rupee jumps 31 paise on falling crude oil prices

    The rupee rose 31 paise, or 0.37%, to 84.2475 against the US dollar on Monday, driven by a decline in crude oil prices. Brent crude prices plunged by up to 4.55% to $58.5 on Monday after the OPEC+ agreed to a further increase in output over the weekend, …

    Source: Financial Express - Neutral
  • Published on May 5, 2025

    Diamondback Energy Q1 Preview: Investors Eyeing Production Forecast Amid Oil Price Drop, Retail’s Divided

    Wall Street expects the oil and gas producer to post adjusted earnings of $4.20 per share on revenue of $3.75 billion. Diamondback Energy (FANG) stock fell marginally over the past week ahead of its quarterly earnings report on Monday. According to FinChat …

    Source: myMotherLode - Pending
  • Published on May 5, 2025

    Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output

    Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to …

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

    Morning Bid: Crude awakening

    By Anna Szymanski What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Commentary Trading in global markets was fairly quiet at the start of this central bank-packed week, with holidays today in Britain, Hong Kong, …

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

    NNPCL: CNPP, CNCSOs demand justice, accuse security agencies, EFCC of shielding Mele Kyari

    The Conference of Nigeria Political Parties and the Coalition of National Civil Society Organisations have again declared vindication over their persistent calls for a probe of the Nigerian National Petroleum Company Limited under the leadership of the …

    Source: Eagle Online - Neutral
  • Published on May 7, 2025

    Tesla's Lost Cause

    HAWTHORNE, CALIFORNIA - MAY 2: Tesla cars are seen parked and charging at a Tesla Supercharger on ... More May 2, 2025 in Hawthorne, California. (Photo by Jay L Clendenin/Getty Images)Getty Images What happened to Tesla’s (NASDAQ:TSLA) mission to drive …

    Source: Forbes - Neutral
  • Published on May 5, 2025

    News24 Business | Oil slumps after 'stark turnaround' by Saudi Arabia, Russia

    Saudi Arabia, Russia and six other members of the oil cartel announced over the weekend an output increase of 411 000 barrels a day for June, a month after a similar move had already caused prices to fall.(Getty Images/1715d1db_3) Oil prices slumped on …

    Source: News24 - Neutral

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