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Asia hopes for cheaper oil as Opec boosts output – but trade doubts linger
11 May 2025 07:06 GMT
A surprise decision by Opec+ to accelerate production increases is … , western Kazakhstan. Photo: Reuters
Benchmark Brent crude prices dropped to a four … barrel on Monday following the Opec+ announcement. By Friday afternoon, prices …
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Citi cuts short term Brent crude price forecast to $55 on potential US-Iran nuclear deal
09 May 2025 15:08 GMT
… three-month price forecast for Brent crude to $55 per barrel … has come with tariffs and OPEC+ adding supply back to … ,” Citi said.
On Saturday, OPEC+ agreed to increase oil production … “firmly skewed to the downside.”
Brent crude futures were trading at $61 …
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OPEC+ Tests the Shale Sector
09 May 2025 17:43 GMT
… markets opened this week. Brent crude oil prices fell on … of overproduction. Periodically, when OPEC countries focus more on … . The forward curve for Brent crude – showing the current price … conditions and expectations that OPEC+ will ramp up supply …
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Brent crude for July delivery falls 1.66% to $61.12.
07 May 2025 21:10 GMT
The North Sea crude oil, a key European benchmark, concluded the session at the Intercontinental Exchange trading $1.03 below the previous day’s closing price of $62.15.
The drop in the price per barrel was in response to the announcement of a meeting …
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Nigeria’s crude oil output falls by 4.37% in March, below OPEC’s quota – Report
09 May 2025 10:44 GMT
… of Petroleum Exporting Countries (OPEC) has reported a decline in … Market Report (MOMR) by OPEC.
The 64,000-bpd decline … two major economic threats as Brent crude prices tumble below $60 per … in oil prices caused by OPEC+ boosting supply and slowing …
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Saudi Aramco first-quarter profit down 4.6% on lower oil prices
11 May 2025 07:40 GMT
… same quarter of previous year.”
Brent crude futures remain extremely volatile on … energy demand, even as the Opec+ alliance of oil producers increases … ;s results come as the Opec+ group announced a supply boost …
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Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier
11 May 2025 06:12 GMT
… -quarter results comes as the OPEC+ alliance has ramped up oil … said in a statement.
Benchmark Brent crude traded Friday at over $63 …
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Oil falls 1% as OPEC+ increases production
07 May 2025 18:43 GMT
… US crude stockpiles, after several OPEC+ members suggested accelerating output hikes … 12:08 am ET, while Brent crude for July's deliveries …
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Counter-intuitive: Why Opec wants lower oil prices
07 May 2025 13:51 GMT
… , Riyadh has been voting at Opec+ meetings for higher production for … before, launching price wars against Opec cheaters in 1985-86, 1998 … to be aiming to keep Brent crude below $70 a barrel, and … the last meeting of eight Opec+ countries, which happened on 5 …
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Power Up: OPEC+ rolls out the barrels
07 May 2025 04:19 GMT
… today after the Organization of the Petroleum Exporting Countries and allies decided … prolonged lower price environment. Brent crude futures were trading at … British thermal units.
OPEC+ agrees to speed … keep energy prices low.
OPEC+, which includes allies …