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A service for energy industry professionals · Wednesday, May 7, 2025 · 810,155,789 Articles · 3+ Million Readers
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Oil Demand News Monitoring

  • Published on May 4, 2025

    Oman’s oil output to rise to 775K bpd

    MUSCAT, MAY 4 Oman’s oil production is projected to rise to 775,000 barrels per day (bpd) in June 2025, up from the required production level of 768,000 bpd set for May 2025. This follows a decision by eight Opec+ producers, including the Sultanate of Oman …

    Source: Oman Observer - Gov't Propaganda
  • Published on May 4, 2025

    Why Oil Stocks Plummeted in April

    While stocks have mostly recovered from April 2 "Liberation Day," oil prices haven't. The struggling oil price led to a severe down month for most oil and gas stocks. Saudi Arabia is threatening to increase supply even as demand questions …

    Source: Yahoo Finance - Pending
  • Published on May 2, 2025

    India’s palm oil demand surges as price falls below soybean oil

    India, the largest importer of palm oil globally, has seen a surge in palm oil demand in April after five months of slow activity, due to lower prices and favorable import margins compared to soybean oil, market sources told Platts, part of S&P Global …

    Source: Hellenic Shipping News - Neutral
  • Published on May 6, 2025

    Futures Slide On Latest Batch Of Disappointing Earnings

    US equity futures slumped for the second day, dragged down by earnings and a lack of positive news on trade negotiations. As of 8:00am, S&P 500 futures dropped 0.9% as risk is pared into tomorrow's Fed announcement and the index failed to breach …

    Source: Zero Hedge - Right-wing
  • Published on May 4, 2025

    OPEC+ agrees to boost output in June despite falling oil prices

    Top oil producers, members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, have agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 …

    Source: Sabah - Pending
  • Published on May 4, 2025

    Nigerian Crude sells below $65 per barrel, OPEC revamps oil production

    Nigerian crude fell below the Federal Government’s benchmark, selling for $65 per barrel, as OPEC increased production despite heightened geopolitical uncertainty. Nigerian cargoes loaded on May 10 remain unsold, reflecting a lack of enthusiasm from buyers …

    Source: Nairametrics - Neutral
  • Published on May 4, 2025

    Nigerians demand full probe as $2.96bn fraud rocks NNPCL

    Nigeria’s oil sector is once again at the center of a major corruption storm, as arrests and investigations around the mismanagement of over $2.9 billion meant for refinery rehabilitation continue to send shockwaves through the country. Economic and energy …

    Source: Business Day - Neutral
  • Published on May 4, 2025

    B.C. company wants to open $300M made-in-Canada sand mine to fuel anticipated fracking, LNG boom

    A B.C.-based company wants to open a sand mine north of Prince George to provide a made-in-Canada solution to an anticipated boost in liquefied natural gas production. Vitero Minerals' proposed silica sand mine, about 60 kilometres north of the city, …

    Source: CBC/Radio-Canada - Public Broadcaster
  • Published on May 6, 2025

    Georgia gas price stalls at $2.92 per gallon

    ATLANTA – The average gas price in Georgia has had little fluctuation at the pump with drivers paying $2.92 per gallon for regular unleaded. The Georgia gas price average saw little movement at the pumps compared to a week ago. Georgians now pay an average …

    Source: WVGA Valdosta Today - Georgia - Neutral
  • Published on May 4, 2025

    Anti-graft group lauds revitalisation of Warri, Port Harcourt, Kaduna refineries

    By Adamu Abuh, Abuja An anti-corruption group, under the aegis of Concerned Citizens Against Corruption, has expressed happiness over the revitalisation of the Warri, Port Harcourt, and Kaduna refineries while the immediate past Group Chief Executive …

    Source: The Guardian (Nigeria) - Indeterminate
  • Published on May 4, 2025

    Petroleum Sales Up 32% in April Due to Higher Car Sales, Lower Smuggling

    Pakistan’s Oil Marketing Companies (OMC) sector posted a robust 32 percent year-on-year growth in petroleum sales during April 2025, reaching 1.46 million tons, driven by lower product prices, crackdown on smuggling, and higher automobile sales. High-Speed …

    Source: ProPakistani - Neutral
  • Published on May 4, 2025

    Why OPEC+ is increasing oil supplies despite falling prices

    LONDON — Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But Saturday, eight countries that belong to the oil cartel known as OPEC+ said they would add about 411,000 barrels of …

    Source: Oman Observer - Gov't Propaganda
  • Published on May 4, 2025

    OPEC+ to further speed up oil output hikes: Report

    OPEC+ shocked the oil market in April by agreeing a faster-than-expected unwinding of cuts despite weak prices and demand. The move was designed by OPEC+ leader Saudi Arabia to punish some members for poor quota compliance, sources have said. Last Updated …

    Source: Deccan Herald - Indeterminate
  • Published on May 4, 2025

    Exclusive-OPEC+ to further speed up oil output hikes, four sources say

    LONDON :OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production quotas, four sources from the group said. OPEC+ …

    Source: Channel News Asia - Pro-Government
  • Published on May 6, 2025

    Saudi Arabia Deals a Blow to Russian Economy

    A fall in oil prices following a decision by the OPEC+ to accelerate production has added economic pressure on Russia, which relies on the lucrative export. The U.S. benchmark oil price traded below $60 a barrel on Monday, down from $65 in mid-April, after …

    Source: Newsweek - Left-wing
  • Published on May 4, 2025

    Saudi non-oil GDP grows at 4.2% in Q1

    Saudi Arabia’s real GDP grew 2.7% y-o-y in Q1 2025, driven by a 4.2% rise in non-oil GDP, while oil GDP declined by 1.4%, according to flash estimates by GASAT.   The non-oil PMI reached 58.1, and remained above the long-run average of 56.9, indicating …

    Source: Trade Arabia - Neutral
  • Published on May 4, 2025

    OPEC+ to further speed up oil output hikes, sources say

    By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their …

    Source: Yahoo Finance - Pending
  • Published on May 6, 2025

    4 Of The Worst Four-Cylinder Engines Ever Made

    Four-cylinder engines have long been celebrated for offering a great balance of fuel economy and affordability without the need to sacrifice everyday drivability. But not every four-pot powerplant lives up to this promise. In fact, a few have been so …

    Source: SlashGear - Pending
  • Published on May 4, 2025

    Big Oil isn’t budging on output as Opec+ supply hike looms

    The largest western oil producers are mostly sticking with their growth plans for now, despite a 16 per cent decline in crude prices during April and a decision by the Organization of Petroleum Exporting Countries and their allies (Opec+) to crank up …

    Source: The Business Times Singapore - Neutral

06 days 02:33:12

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