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The Latest Breaking News from OPEC

Asian Markets Mixed Ahead Of Key Fed Announcement

Asian markets were mixed Tuesday as traders shifted nervously while awaiting the Federal Reserve's policy decision and the release of US inflation data, while the euro struggled to recover from a sell-off fuelled by political uncertainty in Europe.

International Business Times

Signs of Stronger Fuel Demand Boosts Crude Prices

Signs of Stronger Fuel Demand Boosts Crude Prices

July WTI crude oil (CLN24 ) on Monday closed up +2.21 (+2.93%), and July RBOB gasoline (RBN24 ) closed up +2.83 (+1.19%). Crude oil and gasoline prices rallied to 1-week highs Monday and closed moderately higher. Crude oil prices found support Monday from news of increased global air travel and...

Crude Rallies on Energy Demand Optimism

Crude Rallies on Energy Demand Optimism

July WTI crude oil (CLN24 ) today is up +1.31 (+1.73%), and July RBOB gasoline (RBN24 ) is up +1.41 (+0.59%). Crude oil and gasoline prices today are moderately higher, with crude posting a 1-week high. Crude oil prices are seeing support from news of increased global air travel and...

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Crude Prices Slip as the Dollar Strengthens

July WTI crude oil (CLN24 ) Friday closed down -0.02 (-0.03%), and July RBOB gasoline (RBN24 ) closed down -1.49 (-0.62%). Crude oil and gasoline prices posted modest losses on Friday. Friday's rally in the dollar index (DXY00 ) to a 1-week high undercut energy prices. Losses in crude were...

Crude Slightly Higher as Strong US May Payroll Report Supports Energy Demand

July WTI crude oil (CLN24 ) today is up +0.20 (+0.26%), and July RBOB gasoline (RBN24 ) is down -1.15 (-0.48%). Crude oil and gasoline prices today are mixed. Crude found support on today's stronger-than-expected US May payroll report, which is positive for economic growth and energy demand. Crude prices...

3 Energy Dividend Stocks to Buy While They're Cheap

With oil prices pulling back on recent OPEC news, here are three dividend-paying energy stocks to scoop up while they're affordable.

Crude Settles Higher as Saudi Arabia Warns OPEC+ Production Increases Can Be Reversed

July WTI crude oil (CLN24 ) Thursday closed up +1.48 (+2.00%), and July RBOB gasoline (RBN24 ) closed up +4.39 (+1.87%). Crude oil and gasoline prices posted moderate gains on Thursday. Crude rose Thursday based on comments from Saudi Arabia Energy Minister Prince Abdulaziz bin Salman, who said OPEC+ could...

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Crude Prices Climb as Saudi Arabia Warns OPEC+ Production Changes Can Be Reversed

Crude Prices Climb as Saudi Arabia Warns OPEC+ Production Changes Can Be Reversed

July WTI crude oil (CLN24 ) today is up +1.17 (+1.58%), and July RBOB gasoline (RBN24 ) is up +2.71 (+1.15%). Crude oil and gasoline prices today are moderately higher. Crude is moving higher today based on comments from Saudi Arabia Energy Minister Prince Abdulaziz bin Salman, who said OPEC+...

3 Emerging Energy Stocks With Untapped Potential for June

3 Emerging Energy Stocks With Untapped Potential for June

The energy sector is growing significantly due to rising oil prices, high global demand, limited supplies, geopolitical tensions, technological progress, and expected easing of monetary policies this year. Therefore, it may be wise to consider buying fundamentally strong energy stocks Newpark Resources (NR), Unit (UNTC), and MV Oil (MVO), which…

Crude Prices Rebound as Oversold Conditions Spark Some Short Covering

Crude Prices Rebound as Oversold Conditions Spark Some Short Covering

July WTI crude oil (CLN24 ) Wednesday closed up +0.82 (+1.12%), and July RBOB gasoline (RBN24 ) closed up +0.41 (+0.17%). Crude oil and gasoline prices on Wednesday recovered from early losses and finished moderately higher. Technical short-covering emerged in crude futures Wednesday after prices fell for five consecutive sessions...

Crude Prices Pressured by Build in Weekly EIA Inventories

Crude Prices Pressured by Build in Weekly EIA Inventories

July WTI crude oil (CLN24 ) today is down -0.16 (-0.22%), and July RBOB gasoline (RBN24 ) is down -1.42 (-0.60%). Crude oil and gasoline prices today are mildly lower, with crude holding above Tuesday's 4-month low. A stronger dollar today is weighing on energy prices. Crude is also under...

Crude Prices Settle Lower on Ample Supplies and Energy Demand Concerns

Crude Prices Settle Lower on Ample Supplies and Energy Demand Concerns

July WTI crude oil (CLN24 ) Tuesday closed down -0.97 (-1.31%), and July RBOB gasoline (RBN24 ) closed up +1.39 (+0.60%). Crude oil and gasoline prices on Tuesday settled mixed, with crude falling to a 3-3/4 month low. Crude is under pressure on negative carryover from Sunday when OPEC+ rolled...

Crude Prices Under Pressure on Ample Supplies and Energy Demand Concerns

Crude Prices Under Pressure on Ample Supplies and Energy Demand Concerns

July WTI crude oil (CLN24 ) today is down -0.95 (-1.28%), and July RBOB gasoline (RBN24 ) is up +0.54 (+0.23%). Crude oil and gasoline prices today are mixed, with crude falling to a 3-3/4 month low. A stronger dollar today is weighing on energy prices. Crude is also under...

OPEC Plus Extends Oil Production Cuts Through 2025

OPEC Plus Extends Oil Production Cuts Through 2025

OPEC extends oil production cuts, impacting global prices and U.S. consumers. Biden taps Strategic Petroleum Reserve amid concerns. U.S. oil production sta...

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The Guardian - UK

BA to hire 350 staff at Heathrow to avoid summer chaos – as it happened

Airline expects this summer to be its busiest since the pandemic and will hire people in customer services and ground handling

International Business Times

Asian Markets In Reverse As US Data Spark Economy Worries

Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year.

Crude Prices Fall Sharply on OPEC+ Plans to Restore Crude Production

July WTI crude oil (CLN24 ) on Monday closed down -2.77 (-3.60%), and July RBOB gasoline (RBN24 ) closed down -8.18 (-3.39%). Crude oil and gasoline prices tumbled to 3-month lows on Monday. Crude prices retreated after OPEC+ on Sunday unexpectedly rolled out a plan to restore some crude production...

Crude Prices Slump on OPEC+ Plans to Restore Crude Production

July WTI crude oil (CLN24) today is down -2.69 (-3.49%), and July RBOB gasoline (RBN24 ) is down -6.98 (-2.89%). Crude oil and gasoline prices today fell sharply to 3-month lows. Crude prices are falling after OPEC+ on Sunday unexpectedly rolled out a plan to restore some crude production in...

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4 Oil Stocks Set to Dominate in June 2024

With solid energy demand, tight supplies aggravated by extended OPEC+ oil production cuts and geopolitical instability, and innovations in exploration and drilling technologies, the oil and gas industry is well-poised to experience robust expansion. Thus, it could be wise to invest in top oil stocks EOG Resources (EOG), Energy Transfer…

Financial sector leads Australian shares higher

The ASX200 finished 0.8 per cent higher, with nine out of 11 sectors rising after a US inflation report came in cooler than expected.

The Guardian - UK

Oil alliance Opec+ extends crude production curbs into 2025

Ministers at Riyadh meeting agree daily limit of 2m barrels should be in place until end of next year

Economic Concerns Undercut Crude Prices

July WTI crude oil (CLN24 ) Thursday closed down -1.32 (-1.67%), and July RBOB gasoline (RBN24 ) closed down -5.64 (-2.29%). Crude oil and gasoline prices Thursday closed moderately lower. Concern that interest rates will stay higher for longer sparked risk-off sentiment in financial assets on Thursday and undercut crude...

Crude Prices Weighed Down by Energy Demand Concerns

July WTI crude oil (CLN24 ) today is down -0.80 (-1.01%), and July RBOB gasoline (RBN24 ) is down -3.53 (-1.44%). Crude oil and gasoline prices today are moderately lower. Concern that interest rates will stay higher for longer have sparked risk-off sentiment in financial assets and are undercutting crude...

Senate Democrats Call For DOJ Action Against Oil Collusion

Senate Democrats push for DOJ probe into alleged oil industry collusion and price-fixing, citing FTC findings and concerns over increased fuel costs. Repub...

Crude Closes Lower on Dollar Strength and Weak Stocks

July WTI crude oil (CLN24 ) Wednesday closed down -0.60 (-0.75%), and July RBOB gasoline (RBN24 ) closed down -4.19 (-1.67%). Crude oil and gasoline prices Wednesday gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar on Wednesday weighed on energy...

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