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Brent crude futures were up 52 cents, or 0.79%, at $66.64 a barrel by 1034 GMT while U.S. West Texas Intermediate crude gained 59 cents, or 0.95%, to $62.86

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Eight OPEC+ countries will meet on May 5 to decide the June output plan

\n","path":"https://www.zawya.com/en/business/commodities/opec-to-consider-another-accelerated-oil-output-increase-for-june-liuntv6o","publishedDate":"2025-04-23T14:57:12.815Z","articleType":"NEWS","parent":{"title":"Commodities","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/8e10edb8-db9f-4c7f-8278-a4f9f3301b71/3/oil-opec.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Ahmad Ghaddar","authors":[],"tags":[{"name":"4bn oil refineryIn","url":"/en/tag/4bn oil refineryIn","__typename":"Tag"},{"name":"Oil prices","url":"/en/tag/Oil prices","__typename":"Tag"},{"name":"oil output increase","url":"/en/tag/oil output increase","__typename":"Tag"},{"name":"oil output hikes","url":"/en/tag/oil output hikes","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/57fddfa4-3603-4ec9-83ea-8614bc074f33","title":"Kazakhstan says oil output levels decided by national interest, not OPEC+","lead":"

Several other members of the OPEC+ group, including top producer Saudi Arabia, have been angered by Kazakhstan's rising output, three OPEC+ sources told Reuters last month

\n","path":"https://www.zawya.com/en/business/commodities/kazakhstan-says-oil-output-levels-decided-by-national-interest-not-opec-vhvjakhz","publishedDate":"2025-04-23T13:59:35.300Z","articleType":"NEWS","parent":{"title":"Commodities","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/b3d759da-8746-4893-8145-7223556a6994/0/kazakhstan-oil-opec.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Tamara Vaal","authors":[],"tags":[{"name":"oil production levels","url":"/en/tag/oil production levels","__typename":"Tag"},{"name":"gas-condensate field","url":"/en/tag/gas-condensate field","__typename":"Tag"},{"name":"large oil-producing projects","url":"/en/tag/large oil-producing projects","__typename":"Tag"},{"name":"oil producers","url":"/en/tag/oil producers","__typename":"Tag"},{"name":"oil output","url":"/en/tag/oil output","__typename":"Tag"},{"name":"Black Sea","url":"/en/tag/Black Sea","__typename":"Tag"},{"name":"oil and gas output hit record levels","url":"/en/tag/oil and gas output hit record levels","__typename":"Tag"},{"name":"oil exports","url":"/en/tag/oil exports","__typename":"Tag"},{"name":"oil majors","url":"/en/tag/oil majors","__typename":"Tag"},{"name":"Crude oil production costs","url":"/en/tag/Crude oil production costs","__typename":"Tag"},{"name":"4bn oil refineryIn","url":"/en/tag/4bn oil refineryIn","__typename":"Tag"},{"name":"oil and gas output hit record levels","url":"/en/tag/oil and gas output hit record levels","__typename":"Tag"},{"name":"Crude oil production costs","url":"/en/tag/Crude oil production costs","__typename":"Tag"},{"name":"4bn oil refineryIn","url":"/en/tag/4bn oil refineryIn","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/adec79ca-5ce4-4fa7-bf1a-0975646de669","title":"Oil prices down about 1% after Kazakhstan defiance on high crude output","lead":"

Brent crude futures were down 61 cents, or 0.9%, at $66.83 by 1321 GMT while U.S. West Texas Intermediate crude lost 55 cents, or 0.86%, to $63.12

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India is expanding its crude refining capacity to meet rising local demand for fuel

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Brent crude futures rose 90 cents, or 1.4%, to $67.16 a barrel by 0901 GMT

\n","path":"https://www.zawya.com/en/business/commodities/oil-prices-rise-on-short-covering-but-tariff-worries-linger-ywt2obrd","publishedDate":"2025-04-22T10:30:21.358Z","articleType":"NEWS","parent":{"title":"Commodities","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/96515f96-1580-46bd-b16f-113c2bbd9df8/1/ceraweek-energy-kimmeridge-canada.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Ahmad Ghaddar","authors":[],"tags":[{"name":"China crude oil imports","url":"/en/tag/China crude oil imports","__typename":"Tag"},{"name":"oil exports","url":"/en/tag/oil exports","__typename":"Tag"},{"name":"oil demand","url":"/en/tag/oil demand","__typename":"Tag"},{"name":"Oil prices","url":"/en/tag/Oil prices","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/deaf0794-e2c6-4292-9d1e-a13bdccc5908","title":"Chevron and other companies exit Egypt’s Red Sea concessions, redirect resources","lead":"

Chevron confirmed it has relinquished its operated 45% stake in Red Sea Block 1, located in the northern Red Sea

\n","path":"https://www.zawya.com/en/business/energy/chevron-and-others-companies-exit-egypts-red-sea-concessions-redirect-resources-ufm4d8yl","publishedDate":"2025-04-18T12:58:45.477Z","articleType":"NEWS","parent":{"title":"Energy","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/3f163065-468d-455f-bd1c-04ef46ba89b4/0/chevron-louisiana.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Mohamed Ezz","authors":[],"tags":[{"name":"energy hub","url":"/en/tag/energy hub","__typename":"Tag"},{"name":"oil and gas exploration concessions","url":"/en/tag/oil and gas exploration concessions","__typename":"Tag"},{"name":"gas production","url":"/en/tag/gas production","__typename":"Tag"},{"name":"oil and gas sector","url":"/en/tag/oil and gas sector","__typename":"Tag"},{"name":"Egypt?s Red Sea coast","url":"/en/tag/Egypt?s Red Sea coast","__typename":"Tag"},{"name":"natural gas","url":"/en/tag/natural gas","__typename":"Tag"},{"name":"Oil and gas accounts","url":"/en/tag/Oil and gas accounts","__typename":"Tag"},{"name":"electricity demands","url":"/en/tag/electricity demands","__typename":"Tag"},{"name":"Mediterranean Sea","url":"/en/tag/Mediterranean Sea","__typename":"Tag"},{"name":"Clean energy sector leaders","url":"/en/tag/Clean energy sector leaders","__typename":"Tag"},{"name":"oil and gas concession areas","url":"/en/tag/oil and gas concession areas","__typename":"Tag"},{"name":"energy supply","url":"/en/tag/energy supply","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/b92830a1-0865-4cb7-a947-d1d0d8462717","title":"Nigeria: SNEPCo named ‘major oil company of the year’","lead":"

Shell Nigeria Exploration and Production Company (SNEPCo) has been named Major Oil Company of the Year for 2023

\n","path":"https://www.zawya.com/en/economy/africa/nigeria-snepco-named-major-oil-company-of-the-year-aac87bje","publishedDate":"2025-04-18T11:56:58.773Z","articleType":"NEWS","parent":{"title":"Africa","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/NjlmYTk4ODctYmIwNi00/57/997757812.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Staff Writer","authors":[],"tags":[{"name":"oil and gas sector","url":"/en/tag/oil and gas sector","__typename":"Tag"},{"name":"oil and gas\nKey development projects","url":"/en/tag/oil and gas\nKey development projects","__typename":"Tag"},{"name":"country?s energy landscape","url":"/en/tag/country?s energy landscape","__typename":"Tag"},{"name":"artisanal gold mining","url":"/en/tag/artisanal gold mining","__typename":"Tag"},{"name":"Bonny Island","url":"/en/tag/Bonny Island","__typename":"Tag"},{"name":"oil and gas production","url":"/en/tag/oil and gas production","__typename":"Tag"},{"name":"4bn oil refineryIn","url":"/en/tag/4bn oil refineryIn","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/203cd2e2-d95b-4b4d-8ea3-8c7424c59774","title":"Nigeria: Oil theft, navy shuts down seven illegal refining sites in Delta","lead":"

The sites contained approximately 1,070 litres of stolen crude oil and 960 litres of illegally refined Automotive Gas Oil (AGO)

\n","path":"https://www.zawya.com/en/world/africa/nigeria-oil-theft-navy-shuts-down-seven-illegal-refining-sites-in-delta-vkczc68u","publishedDate":"2025-04-18T11:48:17.221Z","articleType":"NEWS","parent":{"title":"Africa","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/N2NkN2Q1ZDEtOGVlYS00/34/642241974.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Staff Writer","authors":[],"tags":[{"name":"average daily crude oil production","url":"/en/tag/average daily crude oil production","__typename":"Tag"},{"name":"China crude oil imports","url":"/en/tag/China crude oil imports","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/d3f0236f-309b-4ef4-87b8-5f020a80f231","title":"Russian oil freight rates from Baltic to India fall further as Urals stays under price cap","lead":"

The Group of Seven countries, along with the EU, imposed a $60-per-barrel price cap on Russian oil in late 2022

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Both benchmarks settled 2% higher on Wednesday at their highest levels since 3 April 2025 and are on track for their first weekly rise in thre

\n","path":"https://www.zawya.com/en/business/commodities/oil-heads-for-weekly-rise-on-prospect-of-tighter-supply-mqzolwj8","publishedDate":"2025-04-18T06:17:53.650Z","articleType":"NEWS","parent":{"title":"Commodities","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/be1769c1-ed9d-4fd2-ae79-1158e737c9fd/1/kazakhstan-oil.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Staff Writer","authors":[],"tags":[{"name":"Oil heads","url":"/en/tag/Oil heads","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/786f7cd0-e04a-43a5-b608-f25f2eb524eb","title":"Trade turmoil’s oil market bite is already leaving lasting scars: Bousso","lead":"

The benchmark U.S. oil price currently sits at $63 a barrel, following a 9% drop since Trump's tariff announcement on April 2

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The top three supply origins recorded for the week were Iraq, the United Arab Emirates, and Kuwait

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Brent futures rose USD 1.18 to USD 65.85 pb and West Texas Intermediate (WTI) was USD 1.14 higher to USD 62.47 pb

\n","path":"https://www.zawya.com/en/economy/gcc/kuwait-crude-oil-gain-11-cents-wed-to-6914-pb-kpc-iv4e48yx","publishedDate":"2025-04-17T08:12:25.644Z","articleType":"NEWS","parent":{"title":"GCC","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/NDNlMjYyOGQtMjk2Zi00/25/1223842649.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Staff Writer","authors":[],"tags":[{"name":"China crude oil imports","url":"/en/tag/China crude oil imports","__typename":"Tag"},{"name":"crude oil gain","url":"/en/tag/crude oil gain","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/266674a0-9afb-4551-a5fc-cf49ec587326","title":"India’s new oilfields regulation takes effect; to attract more FDI","lead":"

Minister of Petroleum and Natural Gas Hardeep Singh Puri was addressing the 9th round of Open Acreage Licensing Policy and Special Discovered Small Field signing ceremony even as the amended law went into effect

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Under the deal which the Kenya adopted in March 2023 Kenya imports fuel from the three Gulf firms on a credit period of 180 days

\n","path":"https://www.zawya.com/en/economy/africa/will-kenya-uganda-dalliance-with-gulf-oil-majors-deliver-cheap-fuel-vsmtx3v2","publishedDate":"2025-04-16T10:45:03.531Z","articleType":"NEWS","parent":{"title":"Africa","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/NDViNGQyN2UtZDljMC00/37/1371080497.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"James Anyanzwa, Julius Barigaba","authors":[],"tags":[{"name":"petroleum products","url":"/en/tag/petroleum products","__typename":"Tag"},{"name":"refined petroleum products","url":"/en/tag/refined petroleum products","__typename":"Tag"},{"name":"high crude oil prices","url":"/en/tag/high crude oil prices","__typename":"Tag"},{"name":"downstream energy sector","url":"/en/tag/downstream energy sector","__typename":"Tag"},{"name":"oil firms","url":"/en/tag/oil firms","__typename":"Tag"},{"name":"oil marketing","url":"/en/tag/oil marketing","__typename":"Tag"},{"name":"energy regulator","url":"/en/tag/energy regulator","__typename":"Tag"},{"name":"law?s purpose","url":"/en/tag/law?s purpose","__typename":"Tag"},{"name":"energy value chain","url":"/en/tag/energy value chain","__typename":"Tag"},{"name":"local subsidiary","url":"/en/tag/local subsidiary","__typename":"Tag"},{"name":"oil majors","url":"/en/tag/oil majors","__typename":"Tag"},{"name":"fuel products","url":"/en/tag/fuel products","__typename":"Tag"},{"name":"The EastAfrican","url":"/en/tag/The EastAfrican","__typename":"Tag"},{"name":"4bn oil refineryIn","url":"/en/tag/4bn oil refineryIn","__typename":"Tag"},{"name":"retail pump prices","url":"/en/tag/retail pump prices","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/5f733a53-1306-44fa-8833-70726f1e2530","title":"Oil dips as markets assess trade war effects","lead":"

Brent crude futures eased 18 cents, or 0.3%, to $64.49 per barrel

\n","path":"https://www.zawya.com/en/business/commodities/oil-dips-as-markets-assess-trade-war-effects-s9s6iruq","publishedDate":"2025-04-16T05:10:19.593Z","articleType":"NEWS","parent":{"title":"Commodities","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/f85e8b64-0454-415a-bc48-ab3b01da107d/4/usa-trump-energy-emergency.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Yuka Obayashi and Jeslyn Lerh","authors":[],"tags":[{"name":"crude oil stocks","url":"/en/tag/crude oil stocks","__typename":"Tag"},{"name":"energy demand momentum","url":"/en/tag/energy demand momentum","__typename":"Tag"},{"name":"crude oil supply","url":"/en/tag/crude oil supply","__typename":"Tag"},{"name":"oil demand","url":"/en/tag/oil demand","__typename":"Tag"},{"name":"Oil dips","url":"/en/tag/Oil dips","__typename":"Tag"},{"name":"Oil prices","url":"/en/tag/Oil prices","__typename":"Tag"}],"__typename":"Article"},{"id":"contentid/232bc7b1-02d5-4ec8-acc0-189d85d2cdd6","title":"Oil prices dip after IEA cuts demand growth outlook","lead":"

Brent crude futures were down 54 cents, or 0.8%, at $64.34 per barrel by 1222 GMT. U.S. West Texas Intermediate crude dipped 57 cents, or 0.9%, to $60.96 a barrel

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Schwechat is OMV's biggest refinery and the company describes it as one of the biggest in Europe

\n","path":"https://www.zawya.com/en/projects/oil-and-gas/omv-says-petrochemical-plant-at-schwechat-refinery-near-vienna-breaks-down-baq77ybx","publishedDate":"2025-04-15T10:54:30.604Z","articleType":"NEWS","parent":{"title":"Oil & Gas","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/1d8ee4f1-b826-4efa-89fe-6580a40aac84/0/omv-results.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Francois Murphy","authors":[],"tags":[],"__typename":"Article"},{"id":"contentid/b0b9845f-76d7-49fd-9cac-3bdfd09c6ef3","title":"World oil demand, U.S. supply to grow more slowly on tariff tensions, IEA says","lead":"

IEA cuts 2025 demand growth forecast by about 300,000 bpd

\n","path":"https://www.zawya.com/en/business/energy/world-oil-demand-us-supply-to-grow-more-slowly-on-tariff-tensions-iea-says-g1u9sd4a","publishedDate":"2025-04-15T10:53:03.860Z","articleType":"NEWS","parent":{"title":"Energy","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/66b5a011-06f0-4bec-a09f-ae06099714e2/3/china-economy-trade-fuel.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Alex Lawler","authors":[],"tags":[],"__typename":"Article"},{"id":"contentid/85e3ee0a-69dd-4a6e-a1e4-79db9273f23c","title":"Kuwait oil price up to $68.68 pb","lead":"

At the global markets, the prices of the Brent crude by 12 cents to reach USD 64.88 and West Texas Intermediate went up three cents to settle respectively at USD 61.53 per barrel pb

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Concerns about the impact of a tit-for-tat trade war on global growth and demand for oil sent Brent crude prices plummeting by more than 20% within a week to a four-year low after Trump announced his sweeping tariffs on April 2

\n","path":"https://www.zawya.com/en/news/insights/oil-price-drop-turns-up-heat-on-emerging-market-crude-exporters-fquehpv5","publishedDate":"2025-04-15T06:11:17.597Z","articleType":"NEWS","parent":{"title":"Insights","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/15506952-5ae7-4193-93f2-083087fcb8e6/2/usa-election-house-democrats.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Duncan Miriri and MacDonald Dzirutwe","authors":[],"tags":[],"__typename":"Article"},{"id":"contentid/38766a5a-14fd-4bfa-a361-da1f1467f9ee","title":"Oil prices likely to decline through 2026: Goldman Sachs","lead":"

Driven by weak growth outlook amid a global trade war, oil demand is forecast to rise by only 300,000 barrels per day between the end of 2024 and the end of 2025

\n","path":"https://www.zawya.com/en/business/energy/oil-prices-likely-to-decline-through-2026-goldman-sachs-k5crahh6","publishedDate":"2025-04-15T03:56:16.543Z","articleType":"NEWS","parent":{"title":"Energy","__typename":"Section"},"topMedia":{"baseUrl":"https://static.zawya.com/view/acePublic/alias/contentid/NjE1ZjY5ZmEtMjRjMS00/32/1313054411.webp","__typename":"Image"},"teaserHeadline":"","teaserText":"","overTitle":null,"teaserOvertitle":null,"teaserImage":null,"premiumType":"INHERIT","hideAuthor":true,"byline":"Mubasher","authors":[],"tags":[],"__typename":"Article"}],"__typename":"Articles"},"__typename":"Tag"}}

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