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July 25, 2025
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Tag: OPEC

Oil prices hold their ground after falling on China stimulus
  • China News

Oil prices hold their ground after falling on China stimulus

Cs news9 months ago03 mins

By Colleen Howe BEIJING (Reuters) – Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC’s monthly report after China’s stimulus plan and oversupply concerns took the wind out of markets in prior sessions. Brent crude futures fell 1 cent to $71.82 a barrel, by 0158 GMT. U.S. West…

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Tanker
  • China News

Saudi Arabia to Cut Oil Supply to China Amid Weak Demand

Cs news9 months ago04 mins

Weak demand in China will lead to lower supply from the world’s top crude exporter, Saudi Arabia, to the world’s largest crude importer in December, trading sources told Reuters on Monday. The drop in Saudi supply would come despite the fact that the Kingdom has reduced its official selling prices (OSPs) for crude loading in…

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A Rush for Greener Offices in Asia Is Leaving Hong Kong Behind
  • Hong Kong News

A Rush for Greener Offices in Asia Is Leaving Hong Kong Behind

Cs news9 months ago08 mins

(Bloomberg) — A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values. Faced with record vacancy rates and dwindling revenues, developers are reluctant to invest in expensive building upgrades to boost climate credentials and are as…

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Stock market today: Asian shares are mostly higher as China begins major economic meeting
  • Finance

Stock market today: Asian shares are mostly higher as China begins major economic meeting

Cs news9 months ago9 months ago06 mins

Shares were mostly higher in Asia on Monday as China’s leaders began a major meeting expected to bring fresh pledges of help for the world’s second-largest economy. Oil prices gained more than $1 a barrel after the OPEC+ oil producing nations said they would extend production cuts until the end of the year. No reason…

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Oil prices rise on optimism over solid US fuel demand
  • World News

Oil prices rise on optimism over solid US fuel demand

Cs news9 months ago04 mins

By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Thursday, extending the previous day’s rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Brent crude futures gained 35 cents, or 0.5%, to $72.90 a…

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Oil pares gains after strongest weekly rise in over a year
  • Finance

Oil pares gains after strongest weekly rise in over a year

Cs news10 months ago10 months ago04 mins

A pump jack in Midland, Texas, US, on Thursday, Oct. 3, 2024.  Anthony Prieto | Bloomberg | Getty Images Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid mounting threats of a region-wide war in the Middle East. Brent crude futures fell 43 cents,…

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Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
  • Hong Kong News

Why oil prices haven’t skyrocketed on Middle East supply fears — yet

Cs news10 months ago010 mins

A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images Oil prices have jumped more than $5 a barrel since the…

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Oil prices pare gains after rising on Israel promise to retaliate following Iran's strike
  • Finance

Oil prices rise on Israel promise to retaliate following Iran’s strike

Cs news10 months ago10 months ago05 mins

Oil prices rose as much as 3% Wednesday before paring gains amid worries of supply disruptions stemming from the Middle East conflict. Prices fell from session highs by mid-day in the trading session after Russia signaled oil alliance OPEC+ would follow through with plans to add supply to the market in December. US government data…

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Plentiful oil supply dampens industry reaction to growing Middle East conflict
  • Finance

Plentiful oil supply dampens industry reaction to growing Middle East conflict

Cs news10 months ago10 months ago08 mins

By Georgina McCartney and Liz Hampton HOUSTON/DENVER (Reuters) -The oil industry and markets have had a muted reaction to growing conflict in the Middle East, a sign of just how well stocked oil supplies are as U.S. output grows and OPEC+ prepares to lift production. The global oil benchmark Brent jumped 5% on Tuesday after…

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Oil prices pare gains after rising on Israel promise to retaliate following Iran's strike
  • Finance

Oil prices pare gains after rising on Israel promise to retaliate following Iran’s strike

Cs news10 months ago10 months ago05 mins

Oil prices rose as much as 3% Wednesday before paring gains amid worries of supply disruptions stemming from the Middle East conflict. Prices fell from session highs by mid-day in the trading session after Russia signaled oil alliance OPEC+ would follow through with plans to add supply to the market in December. US government data…

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