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A service for energy industry professionals · Friday, May 9, 2025 · 810,932,509 Articles · 3+ Million Readers
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Middle East OPEC Production Cut News Monitoring

  • Published on May 8, 2025

    HALLIGAN: Power struggle in OPEC+ is pulling oil prices down

    The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — sending Brent tumbling from over $74 a barrel at the start of the month to just under $60 by early …

    Source: BNE Intellinews - Neutral
  • Published on 01:19 GMT

    OPEC April oil output falls – Report

    The Organisation of the Petroleum Exporting Countries’ oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found. The decline was led by a cut in Venezuelan supply on renewed United States attempts to curb the …

    Source: Punch - Indeterminate
  • Published on May 8, 2025

    Oil ETFs Heat Up As OPEC+ Pump-Up, US-UK Trade Deal, China Talks Fuel Rally

    In the wake of OPEC+’s weekend decision to increase oil production quotas, energy ETFs are back in the spotlight—some surfing the wave of positive sentiment, others protecting against geopolitical uncertainty. As oil prices surged on the U.S.-UK trade …

    Source: Benzinga - Neutral
  • Published on May 8, 2025

    OPEC+ Overproducer Kazakhstan Will Not Cut Oil Output in May

    Kazakhstan doesn’t have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal. Kazakhstan, one of the …

    Source: Oil Price - Neutral
  • Published on May 8, 2025

    Oil prices rise 3% on US-China talks

    New York — Oil prices rose about 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the US and China, the world’s two largest oil consumers. Brent crude futures settled up $1.72, or 2.8%, at $62.84 a barrel. US West Texas …

    Source: BusinessLIVE - Pending
  • Published on May 8, 2025

    Oil prices rise 3% on support from US-China trade hopes

    [NEW YORK] Oil prices rose around 3 per cent on Thursday (May 8), buoyed by hopes of a breakthrough in looming trade talks between the US and China, the world’s two largest oil consumers. Brent crude futures settled up US$1.72, or 2.8 per cent, at US$62.84 …

    Source: The Business Times Singapore - Neutral
  • Published on May 8, 2025

    Oil Gains 3% as Trade Hopes Rise

    Oil rose as President Donald Trump announced a trade framework with the UK, spurring some optimism about deals to come. West Texas Intermediate climbed 3.2% to approach $60 a barrel. Trump said the UK would fast-track US items through its customs process …

    Source: Rigzone - Neutral
  • Published on May 8, 2025

    EIA Cuts 2025 and 2026 Brent Oil Price Forecast

    The U.S. Energy Information Administration (EIA) cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook (STEO), which was released on May 6. According to that STEO, the EIA sees the Brent spot price …

    Source: Rigzone - Neutral
  • Published on May 8, 2025

    OPEC April oil output edges lower despite plans for hike, survey finds

    By Alex Lawler LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya. …

    Source: Yahoo Finance - Pending
  • Published on May 8, 2025

    Oil Advances as US Trade Deal With UK Stokes Risk-On Appetite

    (Bloomberg) -- Oil rose as President Donald Trump announced a trade framework with the UK, spurring some optimism about deals to come. Most Read from Bloomberg West Texas Intermediate climbed 3.2% to approach $60 a barrel. Trump said the UK would fast- …

    Source: Yahoo Finance - Pending
  • Published on May 7, 2025

    Counter-intuitive: Why Opec wants lower oil prices

    Cartels have one—and only one—raison d’être: push prices higher. Opec, the most famous of all of them, is a textbook example. So why is Saudi Arabia, which leads this group of oil producers, driving prices down? Ostensibly, the kingdom is trying to re- …

    Source: Mint - Neutral
  • Published on May 8, 2025

    Tariff Measures Weigh on Oil and Global Growth

    ICE Brent crude prices face downward pressure amid U.S. tariff hikes, rising OPEC+ production, and global recession fears. PUBLISHED : 8 May 2025 at 11:18 The average price of ICE Brent crude oil in Q1/ 2025 was $74.97/BBL, slightly higher than $74 …

    Source: Bangkok Post - Center-right
  • Published on May 8, 2025

    StanChart: Oil Prices Headed Lower Before Slow Recovery

    According to StanChart, the path of least resistance for oil prices is lower, with prices likely to remain low in the coming months before beginning a gradual recovery due to a sharp fall in U.S. oil output. The eight OPEC+ countries that provided …

    Source: Oil Price - Neutral
  • Published on May 6, 2025

    Saudi Arabia Rekindles Oil Price War: Another Epic Miscalculation?

    Haitham al-Ghais, secretary-general of Organization of Petroleum Exporting Countries (OPEC), during ... More the India Energy Week conference in New Delhi, India, on Tuesday, Feb. 11, 2025. The conference runs through Feb. 14. Photographer: Anindito …

    Source: Forbes - Neutral
  • Published on May 7, 2025

    The Market Is Well Supplied - So Why Is Saudi Arabia Raising Oil Prices?

    OPEC+ served two surprises to the oil trading world in a matter of weeks. First, it said it would bring back three times the amount of oil supply it planned to originally in May. Then, it said it would repeat the exercise in June. And then it emerged that …

    Source: Oil Price - Neutral
  • Published on May 7, 2025

    Oil production hike by OPEC+ nations triggers global market unrest, threatens U.S. energy dominance

    Oil production hike by OPEC+ nations triggers global market unrest, threatens U.S. energy dominance OPEC+ member nations Saudi Arabia, Russia and Kazakhstan announced a tripling of oil production increases to 411,000 barrels per day (bpd) in June, causing …

    Source: Natural News - Right-wing
  • Published on May 7, 2025

    Oil settles lower as hopes dim for US-China trade and supply worries ease

    NEW YORK -Oil prices fell by more than $1 a barrel on Wednesday as investors doubted that upcoming U.S.-China trade talks will result in a breakthrough, while hopes for an Iran-U.S. nuclear deal eased supply worries. Brent crude futures settled $1.03, or 1 …

    Source: Mint - Neutral
  • Published on May 7, 2025

    Rising OPEC Output Could Lead to Continued Pressure on Oil Prices

    This past weekend, OPEC, led by Saudi Arabia, announced it would increase production by 411k barrels per day. The action follows a 250k increase last month. The decision is different from OPEC’s decision-making in the past. OPEC typically would use …

    Source: Investing - Neutral
  • Published on May 7, 2025

    Oil Drops on Powell Rate Comments

    Oil slumped after Federal Reserve Chair Jerome Powell said officials aren’t in a hurry to adjust rates and as tensions between the US and China linger ahead of trade negotiations. West Texas Intermediate futures dipped 1.7% to settle near $58 a barrel as …

    Source: Rigzone - Neutral

04 days 01:33:03

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