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Oil rise on US inventory decline, renewed hopes for US-China trade talks

- China confirms meeting initiated by US, reiterates readiness to engage in constructive dialogue

08.05.2025 Oil

US crude oil inventories down by 0.5% for week ending May 2

- Daily crude oil production decreased to around 13.36 million barrels per day

08.05.2025 Oil

Oil prices climb on US-China trade hopes, supply outlook

-Expectations that US and Chinese officials to meet this week in first formal step toward trade talks since President Donald Trump imposed sweeping tariffs on China, push oil prices up

07.05.2025 Oil

Oil prices up after sharp drop sparked by OPEC+ output hike plan

- Prices rebound on profit-taking after plunging to their lowest since February 2021 on Monday, following OPEC+ decision by 8 members to boost output.

06.05.2025 Oil

Energy giants’ profits sink more than 20% as oil prices fall

- Profits of world's 8 largest oil companies drop 21.3% to $31 billion in Q1

05.05.2025 Oil

Oil prices slide as OPEC+ moves to boost output

- Key producers Saudi Arabia and Russia are set to lead the increase, with analysts saying move points to rise in global oil supply over coming months

05.05.2025 Oil

US oil rig count down by 4 for week ending May 2

- Number of US oil rigs fall by 20 compared to one year ago

03.05.2025 Oil

Oil prices post weekly decline amid US-China trade tensions and supply concerns

- Brent slips below $62 as markets weigh US-China trade war and OPEC+ supply plans

02.05.2025 Oil

Oil prices rise as China signals openness to trade talks with US

- Hopes of easing trade tensions between world's two largest economies lift global markets

02.05.2025 Oil

Oil prices falls on global demand, supply concerns

- Concerns over weak demand and potential supply glut pushes oil prices toward their sharpest decline

01.05.2025 Oil

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US crude oil inventories down 0.6% for week ending April 25

- Daily crude oil production rises to around 13.46 million barrels per day

01.05.2025 Oil

Oil prices extend losses on demand, supply glut concerns

- Mounting concerns over weak demand and potential supply glut push oil prices toward their sharpest monthly decline since November 2021

30.04.2025 Oil

Oil prices slide amid US-China trade tensions and rising supply outlook

- Ongoing US-China trade tensions and OPEC+ supply plans continue to weigh on oil prices

29.04.2025 Oil

Oil edges lower amid uncertainty over US-China trade talks

- Concerns over potential oversupply in global oil markets weigh on prices

28.04.2025 Oil

Türkiye's energy bill burden to ease with declining oil prices: Experts

- Since April 2 — dubbed 'liberation day' by Trump — Brent crude sheds 10.5%, or roughly $7.80 per barrel, while WTI crude loses 10.7%, or around $7.60

26.04.2025 Oil Finance