Latest News for: Rising oil prices

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OPEC+ again targets US shale oil to win back market share

Middle East Online 21 May 2025
Their income is also falling due to declining global oil prices - linked in part due to the economic fallout from President Donald Trump's tariff policies ... The source added that having the oil price under $60 per barrel - the G7 price cap imposed on Russian oil due to the Ukraine war - would facilitate exports and might suit Moscow....
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Oil Prices Climb Amid Rising Tensions Between Israel and Iran

Khaleej Mag 21 May 2025
The rise in prices comes amid ongoing but inconclusive negotiations between the United States and Iran regarding Tehran’s nuclear program ... This rise goes against pressure from the OPEC+ alliance, which has urged member countries to limit output in an effort to stabilize global oil prices....
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Gas prices to hit lowest Memorial Day mark in four years, according to report

Baltimore Sun 21 May 2025
GasBuddy said lower crude oil costs, economic uncertainty, an increase in oil production from the Organization of the Petroleum Exporting Countries (OPEC) and the potential for a deal to restrict Iran’s nuclear programs are influencing this year’s gas prices ... The price of West ......
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Asian shares climb and oil prices jump more than $1.20 on report Israel may attack Iran

Seattle PI 21 May 2025
Shares are higher in Asia while oil prices have jumped more ... Oil prices tend to rise with conflicts that might disrupt oil supplies....
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SA seeking $100 a barrel oil before selling its crude stocks

Business Day 21 May 2025
SA will wait for global oil prices to rise to about $100 (about R1,790) a barrel before selling more of its strategic crude reserves, according to Godfrey Moagi, CEO of state-owned SA National Petroleum Company ... “The oil price is too low, so if you sell today you are going to empty the tanks....
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Rupee slips by 1 paisa to close at 85.59 against US dollar amid oil price surge, importer demand

The Times of India 21 May 2025
The rupee settled marginally lower by 1 paisa at 85.59 (provisional) against the US dollar on Wednesday, as rising crude oil prices and persistent demand for the greenback from importers and foreign banks weighed on the domestic currency ... Elevated crude oil prices may also weigh ......
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US stocks open lower following uncertain outlooks from retailers and higher Treasury yields

Moosejaw Today 21 May 2025
retailer blamed its grim forecast on tariff concerns and oil prices rose on a media report that Israel may be planning an attack on Iranian nuclear facilities ... Oil prices rose close to 1% after a CNN report ... Oil prices tend to rise with conflicts that might disrupt oil supplies....
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US intel suggests Israel is preparing Iran strike: CNN

Taipei Times 21 May 2025
Oil prices rose more than 1 percent following comments that the likelihood of an Israeli strike on Iran had risen ‘significantly in recent months’ ... Oil prices tend to rise with conflicts that might disrupt oil supplies, and they jumped early yesterday, but lost some of those gains by midday....
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Oil edges higher amid reports of potential Israeli strike on Iran's nuclear facilities

Anadolu Agency 21 May 2025
Experts say rising geopolitical tensions are likely to push oil prices higher due to fears of supply disruptions from a major OPEC producer and potential instability in the Strait of Hormuz ... The data, signaling weaker demand in the world's top oil consumer, put downward pressure on prices....
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US stock futures take major blow: Dow, S&P 500, Nasdaq tumble as China chip war ...

The Economic Times 21 May 2025
... if it would raise prices. Meanwhile, rising oil prices, debt fears, and uncertainty over Trump's tax bill added more weight....
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Wall Street retreats as Target reports falling sales and issues tepid forecast due to tariff worries

Daily Press 21 May 2025
retailer blamed its grim forecast on tariff concerns and oil prices rose on a media report that Israel may be planning an attack on Iranian nuclear facilities ... Oil prices rose close to 1% after a CNN report ... Oil prices tend to rise with conflicts that might disrupt oil supplies....
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Oil rises 1% on reports Israel preparing strike on Iranian nuclear facilities

The Times of India 21 May 2025
Oil prices saw a rise following reports of a potential Israeli strike on ......
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South Africa wants $100 a barrel oil before selling more crude stocks

Hellenic Shipping News Worldwide 21 May 2025
South Africa will wait for global oil prices to rise to around ......

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