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June 01, 2025

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SUNDAY, JUNE 01, 2025

Brent crude

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo
Global Economy

OPEC+ oil producers stick to their guns with another big hike for July

Having spent years curbing production - more than 5 million barrels a day (bpd) or 5% of world demand - eight OPEC+ countries made an modest output increase in April before tripling it for May,...

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo
Global Economy

Oil falls as higher OPEC+ output expectations weigh on sentiment

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo
Global Economy

Oil prices little changed as markets weigh impact of US-Iran talks, demand

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo
Global Economy

Oil extends climb on fresh Iran sanctions, lower US crude stocks

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo
Global Economy

Oil falls as concerns about demand amid US tariff upheaval return

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo
Global Economy

Oil plunge deepens on fears global trade war could trigger recession

An oil pump jack is seen in Artesia, New Mexico, US, April 6, 2023. Photo: REUTERS/Liz Hampton/File Photo
USA

Oil near three-week high on supply fears, US stocks drop

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo
Global Economy

Oil gains on supply concerns from Iran sanctions, strong refining margins

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo
Global Economy

Global crude exports dip as trade routes reshuffle again

Oil tankers the Yamilah III and the Bow Gemini are seen anchored in New York Harbor in New York City, US, May 24, 2022. Photo: REUTERS/Brendan McDermid/File Photo
Global Economy

Oil rises as investors return from holidays, eye China recovery

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo
Global Economy

Oil prices fall on supply glut fears despite OPEC+ output cut extension

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo
Global Economy

Oil prices inch up on geopolitical tensions, OPEC+ supply plans

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. Photo: REUTERS/Drone Base/File Photo
Global Economy

Oil prices steady with focus on Israel-Hezbollah ceasefire, OPEC+ policy

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