The Latest Breaking News from OPEC

Risk-Off Sentiment Weighs on Crude Prices as Stocks Turn Lower

June WTI crude oil (CLM23 ) this morning is down -0.67 (-0.93%), and June RBOB gasoline (RBM23 ) is down -0.29 (-0.11%). June Nymex natural gas (NGM23 ) is up +0.077 (+2.97%). Crude oil and gasoline prices this morning gave up an early advance and are moderately lower. A risk-off...

Barchart · May 19, 2023

Ukraine's Zelenskiy visits Saudi, seeks Arab League support for his people

Ukrainian President Volodymyr Zelenskiy attended a summit of the Arab League in Saudi Arabia on Friday to canvas support for his people, while Saudi Crown Prince Mohammed bin Salman expressed his readiness to mediate in the war between Moscow and Kyiv.

Reuters · May 19, 2023

Dollar Strength Weighs on Crude Prices

June WTI crude oil (CLM23 ) this morning is down -0.88 (-1.21%), and June RBOB gasoline (RBM23 ) is up +0.20 (+0.08%). June Nymex natural gas (NGM23 ) is up +0.153 (+6.47%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 3-week high. A rally...

Barchart · May 18, 2023

Crude Prices Retreat on an Unexpected Build in EIA Crude Stocks

June WTI crude oil (CLM23 ) on Wednesday closed down -1.15 (-1.56%), and June RBOB gasoline (RBM23 ) closed up +1.50 (+0.60%). Crude oil and gasoline prices Wednesday settled mixed, with gasoline climbing to a 1-week high. A weaker dollar Wednesday was supportive of energy prices. Also, signs of strength...

Barchart · May 10, 2023

Crude Prices Fall as Weekly EIA Crude Inventories Unexpectedly Climb

June WTI crude oil (CLM23 ) this morning is down -0.92 (-1.25%), and June RBOB gasoline (RBM23 ) is up +1.76 (+0.71%). June Nymex natural gas (NGM23 ) is down -0.073 (-3.22%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 1-week high. A weaker...

Barchart · May 10, 2023

2 Energy Stocks Outperforming Wall Street

The energy sector thrived in 2022 and is envisioned to remain buoyed in the foreseeable future due to soaring demand amid the reopened Chinese economy. Given this backdrop, quality energy stocks Hess Midstream LP (HESM) and CVR Energy (CVI), outperforming Wall Street, could be worth buying now. Read on….

StockNews.com · May 8, 2023

3 Energy Stocks to Watch as Energy Prices Rise

The energy sector is well-positioned to witness a positive growth trajectory on the backs of the reopening of China and production cuts by OPEC+. Considering that the combination could raise oil prices in the near term, quality energy stocks Scorpio Tankers (STNG), North European Oil Royalty Trust (NRT), and Epsilon…

StockNews.com · May 5, 2023

Biden dispatching top aide to meet with Saudi crown prince

President Joe Biden is dispatching one his top advisers to Saudi Arabia to meet with Crown Prince Mohammed bin Salman, the de facto leader of the oil-rich kingdom

The Independent UK · May 5, 2023

Crude Prices Weighed Down by Global Demand Concerns

June WTI crude oil (CLM23 ) this morning is down -0.15 (-0.22%), and June RBOB gasoline (RBM23 ) is down -0.08 (-0.03%). June Nymex natural gas (NGM23 ) is down -0.049 (-2.26%). Crude oil and gasoline prices this morning are modestly lower, with crude falling to a 5-month low and...

Barchart · May 4, 2023

Kuwait Sets June 6 Date for Legislative Elections

Kuwait on Wednesday set June 6 as the date for its legislative elections, state news agency Kuna reported, two days after the parliament was dissolved by royal decree. The parliament was only reinstated in March based on a Constitutional Court ruling following a previous dissolution. The OPEC member has seen…

Asharq Al-Awsat · May 3, 2023