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A service for energy industry professionals · Monday, July 7, 2025 · 829,207,909 Articles · 3+ Million Readers
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Oil Production News Monitoring

  • Published on 16:20 GMT

    Energy Demand Optimism and Houthi Rebel Attacks on Red Sea Shipping Boost Crude Prices

    A sunset over a fuel tanker by Sebastian via Pixabay August WTI crude oil (CLQ25) today is up +0.59 (+0.88%), and August RBOB gasoline (RBQ25) is up +0.0243 (+1.15%). Oil prices today recovered from early losses and rallied to 2-week highs after Saudi …

    Source: Yahoo Finance - Center-left
  • Published on 14:49 GMT

    Predator Extends Deadline to Acquire CEG Operations in Trinidad

    Predator Oil & Gas Holdings Plc said it has agreed to extend the date for closing its acquisition of the Challenger Energy Group's (CEG) entire operations in Trinidad and Tobago. The two companies have agreed to a deadline of seven days after the …

    Source: Rigzone - Neutral
  • Published on 13:47 GMT

    Oil And Gas Q1 Results Preview: How Reliance, BPCL, IOC, other OMCs may perform amid volatile crude oil prices?

    Oil And Gas Q1 Results Preview: Reliance Industries Ltd, Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd, and other oil marketing firms are anticipated to report a solid Q1, whereas it appears to be slow for the gas companies. HSBC Global …

    Source: Mint - Neutral
  • Published on 15:04 GMT

    Gas Prices Dip for 2nd Straight Week

    Posted/updated on: July 7, 2025 at 9:58 am TEXAS – For the second straight week, the nation’s average price of gasoline has declined, falling 5.3 cents compared to a week ago and stands at $3.09 per gallon, according to GasBuddy® data compiled from …

    Source: KTBB - Texas - Pending
  • Published on 17:49 GMT

    Top Indian Refiner Sees Oil Prices Stabilizing in the $65-70 Range

    State-owned Indian Oil Corporation, the biggest refiner in India, expects international crude oil prices to stabilize in the $65 to $70 per barrel range for the rest of the fiscal year, with potential dips below $65 a barrel, IndianOil chairman AS Sahney …

    Source: Oil Price - Neutral
  • Published on 18:38 GMT

    Iran remains OPEC’s second-largest refiner despite sanctions

    Iran has maintained its position as the second-largest oil refiner in the Organization of the Petroleum Exporting Countries (OPEC), a sign that the country is using the best of its petroleum industry resources despite US sanctions targeting the sector. …

    Source: Press TV - Gov't Propaganda
  • Published on 18:47 GMT

    AP Business SummaryBrief at 2:08 p.m. EDT

    Trump to put 25% tariffs on Japan and South Korea WASHINGTON (AP) — President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia. Trump provided …

    Source: Voice of Alexandria - Minnesota - Pending
  • Published on 20:47 GMT

    Trade uncertainty persists, Russian stocks face dividend drawdowns

    Elena Kozhukhova, IC "VELES Capital" 07 July 2025 11:08 The external background on Monday morning can be described as moderately negative. Sentiment abroad, despite Trump's postponement of trade duties until August 1, remains cautious, and …

    Source: AK&M - Pending
  • Published on 14:42 GMT

    FTSE 100 Live: Stocks buffeted as Shell and BP slide, Tesla puts...

    FTSE 100 flat points at 8,822 Shell trims production guidance Donald Trump to send tariff letters to countries today  3.13pm: Oil prices rising Oil prices are rising, with Brent crude spiking above $69 a barrel in the past few minutes, up 1% today and well …

    Source: Proactive UK - Neutral
  • Published on 17:49 GMT

    U.S. Energy Giants Set to Sign $34 Billion Worth of Deals With Indonesia

    U.S. supermajors ExxonMobil and Chevron, Indonesia’s state energy firm Pertamina, and other companies from the two countries are expected to sign later on Monday a memorandum of understanding for commodity purchases by Indonesia for a massive $34 billion, …

    Source: Oil Price - Neutral
  • Published on 18:20 GMT

    A Brief Historical Timeline of American Aggression against Iran

    The history of US imperialist hostility against Iran spans over a century. Whether through coups, supporting a US-friendly dictator, or pummeling Iran with sanctions and war, the American ruling class has continually attempted to exert its control over …

    Source: The Communist - Left-wing
  • Published on 21:13 GMT

    Yangon palm oil reference price indicates downtick

    July 08, 2025 Nyein Nyein 0 The wholesale reference rate of palm oil set for the Yangon market dipped to K6,030 per viss for the week ending 13 July from K6,060 per viss in the previous week ending 6 July, according to the Supervisory Committee on Edible …

    Source: Global New Light Of Myanmar - Gov't Propaganda
  • Published on 14:23 GMT

    Indonesia's Palm Oil Exports Decline

    TEMPO.CO, Jakarta - Indonesia's Palm oil exports in 2024 decreased by 8.65 percent to US$22.9 billion. In the preceding year, palm oil exports reached US$25 billion. Palm oil (CPO) is a staple of exports from the manufacturing industry. "In 2024, …

    Source: Tempo.co - Neutral
  • Published on 17:49 GMT

    Goldman Sachs Expects Another OPEC+ Superhike in September

    The OPEC+ producers are expected in August to agree on another superhike in production for September that would complete the unwinding of the 2.2 million barrels per day (bpd) output cuts, Goldman Sachs said after the alliance surprised the market with a …

    Source: Oil Price - Neutral
  • Published on 20:46 GMT

    Dow finishes lower as broad selloff hits Wall Street after tariffs...

    4:15pm: Tariffs shake markets US markets closed sharply lower on Monday as a wave of geopolitical uncertainty and fresh tariff threats sent investors running for cover. All major indexes ended the session in the red, giving back some of their recent gains …

    Source: Proactive USA - Indeterminate
  • Published on 22:20 GMT

    Seven U of A faculty members named Fulbright scholars

    Seven University of Arizona faculty members have been selected as 2025 Fulbright scholars.   "Our Fulbright Scholars exemplify the high quality of the U of A's faculty, the research they conduct and the education we provide," said university …

    Source: The Arizona Daily Star - Center-left
  • Published on 21:44 GMT

    Global crude/condensate supplies show surprising upside despite muted OPEC-8 exports

    Global crude/condensate exports (excluding Iran, Venezuela, and Sidi Kerir) have been increasing steadily since last September, driven by growing OPEC+ exports, while non-OPEC+ exports have remained relatively stable since mid-2023. The Sidi Kerir port …

    Source: Hellenic Shipping News - Neutral
  • Published on 16:03 GMT

    South Sudan seeks UAE bailout as economy crashes

    South Sudan’s President has had two official trips to the United Arab Emirates this year, forced by domestic economic and political problems he wants help to tackle.   And Abu Dhabi’s rising influence in the Horn of Africa means South Sudan could have …

    Source: Zawya - Indeterminate
  • Published on 16:11 GMT

    Why Israel and Iran had Decided to Avoid a Long War

    Iran strikes Israel with drones, but in the last two years the IAF has gained experience in shooting them down, which was evident in the success in this action by the IDF in the June 2025 war. Iran’s main weapon, their surface-to-surface missiles, caused …

    Source: Royal United Services Institute - Neutral

07 days 04:56:17

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  • Published on July 7, 2025 - 10:49 GMT

    China reconsiders recent Russian mega gas pipeline

    (MENAFN) China is showing renewed interest in Russia’s proposed Power of Siberia 2 gas pipeline, especially in light of recent tensions in the Middle East, the Wall Street Journal reported on Tuesday, citing Chinese government sources. The pipeline project …

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  • Published on July 7, 2025 - 10:50 GMT

    Indian refineries increase buying of Russian crude

    (MENAFN) India has emerged as the leading buyer of Russia’s seaborne Urals crude in 2025, accounting for 80% of total exports, Bloomberg reported, citing data from analytics firm Kpler. Two private Indian refineries—Reliance Industries and Nayara Energy— …

    Distribution channels: ...
  • Published on July 7, 2025 - 10:51 GMT

    OPEC+ Fast-Tracks August Oil Production

    (MENAFN) OPEC and its partner nations, collectively referred to as OPEC+, revealed on Saturday their plan to raise oil production by 548,000 barrels per day (bpd) in August—an accelerated increase compared to July’s 411,000 bpd rise. This move reflects the …

    Distribution channels: ...
  • Published on July 7, 2025 - 08:36 GMT

    German city demands return of Russian oil

    (MENAFN) Officials in the German town of Schwedt are urging the lifting of sanctions on Russian oil due to mounting difficulties at the local refinery that has traditionally relied on Russian crude, Politico reported on Friday, citing local sources. The …

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