OPEC+ News

Two Consecutive Weeks of Rising Gasoline Prices: What's Driving the Surge?

Gasoline prices have risen for two consecutive weeks, with RON95, Biofuel E5 RON92, and diesel seeing significant increases. Factors include decreased U.S. crude inventories, poten...

Global Oil Market Achieves Balance: Insights from Russia's Deputy Prime Minister

Russian Deputy Prime Minister Alexander Novak announced the global oil market is now balanced, following OPEC+'s output cuts. Russia plans to increase oil processing in 2025 and ex...

Global Gasoline Prices Hit a 5-Month Low: What's Driving the Drop?

Gasoline prices have plunged to a 5-month low, with RON95 decreasing by 3.36% to VND20,400. Biofuel E5 RON92 and diesel also saw significant drops. Factors include OPEC+ production...

Global Recession Fears and U.S. Tariff Policies Trigger Historic Oil Price Drop

International oil prices hit a three-year low amid fears of a global recession, fueled by U.S. tariffs. Brent Crude and WTI prices dropped significantly, with OPEC+ planning to inc...

Oil Prices Slide 1% Amid Fears of Global Oversupply and Trade Tariffs Impact

Oil prices have declined for the third consecutive session due to fears of oversupply following OPEC+'s decision to increase production. New US tariffs on imports from Canada, Mexi...

Oil Prices Slide by 1% Amid Growing Fears of Market Oversupply

Oil prices declined for a third consecutive session due to OPEC+'s decision to increase production and new US tariffs, sparking fears of oversupply and economic slowdown impacts on...

Global Oil Prices Dip by 1% Amid Rising Oversupply Fears and Trade Tensions

Oil prices have declined for the third consecutive session due to OPEC+'s decision to increase production and new US tariffs, raising concerns over oversupply and economic growth s...

Global Oil Prices Drop Over 2% Following OPEC+ Decision to Increase Supply

Crude oil prices experienced a significant drop following OPEC+'s announcement to gradually increase oil supply. West Texas Intermediate and Brent crude prices fell by over 2%, mar...

WTI Crude Prices Surge by 2.5% Amid Trump's Tariff Announcements and OPEC+ Output Concerns

Oil prices surged as President Trump's tariff plans and potential sanctions on OPEC+ members raised concerns over future oil supply and market stability. WTI and Brent crude both s...

EIA Predicts Minimal Impact on Oil Production Despite Russian Sanctions

The EIA forecasts minimal impact on global oil production from Russian sanctions, with a significant increase in production expected by 2026. Early 2025 may see decreased inventori...

Trump's Tariff Threats Loom Large: Fitch Sounds Alarm on Global Trade Disruptions

Fitch warns that Trump's proposed tariffs could negatively affect global commodity markets, especially base metals, chemicals, and oil, due to reduced Chinese demand. The tariffs c...

Diesel Prices Plummet to 6-Week Low Amid Global Tensions

Diesel prices drop to a six-week low, influenced by global tensions and OPEC+'s forecast. RON95 fuel sees a slight increase, while gasolines and oils experience volatility.

Fuel Prices Surge to a Three-Week High Amid Global Tensions

Gasoline prices have hit a three-week high, with RON95 rising 1.61% to VND20,850 per liter and E5 RON92 gaining 2.59% to VND19,840. Diesel increased by 1.46% to VND18,770. Factors ...

Oil Prices Stabilize Near $90 Amid Supply Scarcity and Investor Caution

Oil prices have stabilized near $90 as supply scarcity and investor caution create a balancing act in the market. Despite physical crude cargoes commanding hefty premiums and promp...

Oil Prices Surge as OPEC+ Meeting Looms and Middle East Tensions Escalate

Oil prices continued to increase on Tuesday ahead of the OPEC+ meeting on December 5. The group is expected to defer its scheduled increase in oil production. Geopolitical tensions...