The Latest Breaking News from OPEC

Crude Climbs on Strength in U.S. Manufacturing Activity

June WTI crude oil (CLM23 ) this morning is up +0.47 (+0.61%), and June RBOB gasoline (RBM23 ) is up +1.90 (+0.74%). May Nymex natural gas (NGK23 ) is down -0.038 (-1.69%). Crude oil and gasoline prices this morning are moderately higher. Crude prices found support from today's U.S. news...

Barchart · Apr 21, 2023

Electric Vehicle Stocks Take a Beating Following Tesla’s Price Cut

While electric vehicles may be the future of transportation, the sector may suffer from a war of attrition following Tesla’s decision to cut prices for its EVs.

Barchart · Apr 20, 2023

IMF: Private Sector Investments Will Drive Saudi Economic Growth

Saudi Arabia’s budget will achieve more financial revenues following a production cut announced by the Kingdom with OPEC and its allies, according to the International Monetary Fund (IMF), thanks to higher crude prices. “The impact on the budget and on the external position relative to what we had projected is…

Asharq Al-Awsat · Apr 19, 2023

Measures sought to rein in airfares

The Airlines Association of Thailand (AAT) is urging the government to lower the fuel tax and operational fees at airports amid concerns over a potential increase in oil prices following the announcement by Opec+ that the group would reduce its output, saying the lower cost burden would eventually help to…

Bangkok Post · Apr 13, 2023

Why Gas Prices May Rise This Spring

Gas prices are being hit by several factors causing them to tick up this spring.

Kiplinger · Apr 13, 2023

Crude Prices Slip on Concern the U.S. Economy is Slowing

May WTI crude oil (CLK23 ) this morning is down -0.22 (-0.26%), and May RBOB gasoline (RBJ23 ) is down -2.17 (-0.76%). May Nymex natural gas (NGK23 ) is down -0.057 (-2.72%). Crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure after today's larger-than-expected...

Barchart · Apr 13, 2023

Oil Edges Down on US Recession Risk

Oil prices slipped on Thursday as the prospect of a possible recession in the United States, the world's largest oil consumer, offset concerns of tight supply. Brent crude fell 55 cents, or 0.63%, to $86.78 a barrel by 1352 GMT.

Asharq Al-Awsat · Apr 13, 2023

2 of the Best Energy ETFs to Buy This Week

Amid soaring demand for oil and gas, oil prices appear to be on a positive trajectory. Against this backdrop, strong fundamentals of energy ETFs, Energy Select Sector SPDR ETF (XLE) and Fidelity MSCI Energy Index ETF (FENY), might make them wise portfolio additions this week. Read on….

StockNews.com · Apr 13, 2023

Q1 2023 and Beyond- Energy

The energy sector of the commodities market includes crude oil, gasoline, heating oil, natural gas, and ethanol contracts that trade on the CME’s NYMEX division. The energy sector led the way on the downside in Q1 2023 with gains in gasoline and ethanol and significant declines in the crude oil,…

Barchart · Apr 12, 2023

US official: Top Biden aide holds call with MBS on Yemen war

White House national security adviser Jake Sullivan spoke by phone with Saudi Arabian Crown Prince Mohammed bin Salman on Tuesday amid signs that the Saudis and Iran-allied Houthis in Yemen are making “significant progress” toward finding a permanent end to their nine-year conflict

The Independent UK · Apr 11, 2023