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US oil rig count down by 4 for week ending May 30

- Number of US oil rigs fall by 35 compared to one year ago

31.05.2025 Oil

Oil prices set for weekly drop with possibility of OPEC+ output hike

- Eight-member coalition of OPEC+ group—including Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman— are set to meet on Saturday

30.05.2025 Oil

Oil prices rise on higher US demand, OPEC+ and tariff risks weigh on outlook

- US commercial crude oil inventories fall by about 2.8 million barrels to 440.4 million barrels, against market expectation of a 1 million barrel increase

30.05.2025 Oil

Oil prices up as US court blocks Trump tariffs

- Markets remain focused on possibility of new sanctions against Russian oil, and upcoming OPEC+ output decision

29.05.2025 Oil

Oil prices fall as market awaits OPEC+ meeting

- OPEC+ members are expected to discuss possible production hike for July

28.05.2025 Oil

Oil prices slip ahead of OPEC+ meeting amid oversupply concerns

- Oil prices edge lower as markets brace for potential supply boost from upcoming OPEC+ decision

27.05.2025 Oil

Oil prices rise as Trump delays EU tariff deadline, Russia-Ukraine conflict intensifies

- White House confirms Trump's decision to postpone imposition of 50% tariff on EU imports until July 9

26.05.2025 Oil

Leak halts production at major Libyan oil field

- National Oil Corporation says environmental response teams deployed as pressure eased from Zawiya line

25.05.2025 Oil

Oil prices head for weekly decline amid OPEC+ output speculation, Iran nuclear talks

- Fifth round of US-Iran nuclear talks is taking place today in Rome, with Oman acting as mediator

23.05.2025 Oil

Oil prices slip as OPEC+ considers supply boost, US-Iran talks loom

- OPEC+ group is expected to consider an output hike at its June 1 meeting

23.05.2025 Oil

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Oil prices slip on upcoming US-Iran negotiations, rising US crude stockpiles

- Fifth round of Iran-US talks over Tehran's nuclear program set to take place in Rome on Friday

22.05.2025 Oil

Oil edges higher amid reports of potential Israeli strike on Iran's nuclear facilities

- Intelligence reports of possible Israeli strike on Iranian nuclear sites raises fear of supply disruptions despite ongoing US-Iran nuclear negotiations

21.05.2025 Oil

Oil prices edge lower amid Russia-Ukraine peace talks, demand concerns

- Markets react cautiously as Trump claims imminent Russia-Ukraine ceasefire following call with Putin

20.05.2025 Oil

Oil prices decline amid rising supply concerns linked to Iran nuke talks

- New nuclear proposal of US to Iran in the latest round of talks affected oversupply worries in the markets

19.05.2025 Oil

Oil heading for 2nd consecutive weekly gain with US-China trade truce

- Expectations of increased Iranian supply cap weekly gains with renewed prospects for nuclear deal

16.05.2025 Oil

Oil prices edge lower as oversupply fears mount amid nuclear deal talks

- Despite recent decline, prices remain on track for second consecutive weekly gain, supported by easing trade tensions between US and China

16.05.2025 Oil

Oil prices fall amid surprise rise in US crude stocks, US-Iran nuclear talks

- US Energy Information Administration reports 3.5 million barrel rise in country's commercial crude oil inventories last week, reaching 441.8 million barrels

15.05.2025 Oil