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A service for mining industry professionals · Wednesday, June 11, 2025 · 821,077,852 Articles · 3+ Million Readers
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Light, Sweet Crude News Monitoring

  • Published on 08:58 GMT

    Oil prices edge up in global markets

    Baku, June 11, AZERTAC Oil prices surged in global markets on Wednesday. On the London Intercontinental Exchange (ICE), the price of Brent crude increased by $0.01 to reach $66.87 per barrel. Meanwhile, on the New York Mercantile Exchange (NYMEX), the …

    Source: Azertag - Gov't Propaganda
  • Published on 08:58 GMT

    Azerbaijani oil nears $72 per barrel

    Baku, June 11, AZERTAC The price of Azeri Light crude oil increased by $1.06, or 1.50%, reaching $71.85 per barrel. Azeri Light crude recorded its lowest price at $15.81 per barrel on April 21, 2020, while its highest price was $149.66 per barrel in July …

    Source: Azertag - Gov't Propaganda
  • Published on Jun 10, 2025

    Three Areas to Watch in Energy Markets This Summer

    According to the U.S. Energy Information Administration (EIA), the United States consumed an average of 8.94 million barrels per day of finished motor gasoline in 2023. During peak summer travel months, that number often rises. For example, in July 2024, …

    Source: Barchart - Pending
  • Published on Jun 6, 2025

    Demand for US light sweet crude drops as OPEC+ ramps up output

    By Stephanie Kelly and Robert Harvey NEW YORK (Reuters) -Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for European and Asian refiners and weighing on export demand for light sweet U.S. crude, contributing to …

    Source: Yahoo Finance - Center-left
  • Published on 07:20 GMT

    "Azeri Light" oil price rises at key ports amid broader market upswing

    "Azeri Light" oil price rises at key ports amid broader market upswing 11 June 2025 10:21 (UTC+04:00) The price of Azerbaijan’s “Azeri Light” crude oil recorded a notable increase at major export terminals, reflecting a broader upward trend in …

    Source: AzerNews - Gov't Propaganda
  • Published on Jun 10, 2025

    Azerbaijani Oil Makes Its Way Up

    (MENAFN- Trend News Agency) BAKU, Azerbaijan, June 10. The price of Azerbaijan's Azeri Light crude oil on a CIF basis in the Italian port of Augusta on June 9 grew by $0.63 (0.9 percent) compared to the previous rate, now sitting at $70.79 per barrel, …

    Source: MENAFN - Indeterminate
  • Published on Jun 9, 2025

    Business InsightsTurkey boosts domestic gas for leverage over Europe and Iran

    Twenty-five years ago, I drove through south-eastern Turkey. The town of Kahta was enjoying an oil boom, modest by the scale of the Gulf, but with basic hotels crowded with roughnecks, and nodding donkey pumps in the valleys. Now, a more sizeable oil and …

    Source: The National News - Pro-Government
  • Published on Jun 9, 2025

    CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

    CNOOC Ltd. has begun production at the Weizhou 5-3 oilfield in the South China Sea, its seventh announced startup offshore China in 2025. Weizhou 5-3 is expected to reach a peak output of about 10,000 barrels a day next year, the state-backed oil and gas …

    Source: Rigzone - Neutral
  • Published on Jun 9, 2025

    Business Insights Turkey boosts domestic gas for leverage over Europe and Iran

    Twenty-five years ago, I drove through south-eastern Turkey. The town of Kahta was enjoying an oil boom, modest by the scale of the Gulf, but with basic hotels crowded with roughnecks, and nodding donkey pumps in the valleys. Now, a more sizeable oil and …

    Source: The National News - Pro-Government
  • Published on Jun 8, 2025

    Saudi, Russia, Iraq, UAE boost oil supply to India, capture 78% market share

    Daijiworld Media Network - New Delhi New Delhi, Jun 8: India’s top four oil suppliers Saudi Arabia, Russia, Iraq, and the UAE all key OPEC+ members, have sharply increased crude shipments to India, collectively supplying an additional 375,000 barrels per …

    Source: Daijiworld News - Indeterminate
  • Published on Jun 6, 2025

    Oil Holds Strong on Supply Disruptions and Geopolitical Tensions

    Light crude oil futures rallied this week, closing Thursday at $63.37 per barrel—up approximately 4.2%—as the market digested a cocktail of bullish catalysts. Traders responded to unplanned supply disruptions in Canada, measured output policies from OPEC+, …

    Source: Oil Price - Neutral
  • Published on Jun 6, 2025

    New South Korean president likely to boost flexibility in crude oil trade diplomacy

    The South Korean petroleum industry is anticipating that President Lee Jae-myung’s commitment to pragmatic diplomacy will significantly enhance flexibility in international oil trade, potentially looking for diplomatic solutions to resume imports of …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 6, 2025

    Middle East Crude-Benchmarks edge down after Saudi lowers July prices for Asian buyers

    Middle East crude benchmarks Oman, Murban and Dubai edged down on Thursday, after Saudi Arabia lowered its July prices for Asian buyers following OPEC+’s output hike for a fourth month, although the price cut was smaller than expected. Saudi Arabia’s state …

    Source: Hellenic Shipping News - Neutral
  • Published on Jun 6, 2025

    Saudi Aramco sets Arab Crude OSP for July

    Saudi Aramco set the official selling price (OSP) for its Arab Light crude for July delivery to North America at $3.5 per barrel above the Argus Sour Crude Index (ASCI).   For Western Europe, the Arab Light price was set at $3.25 per barrel above ICE Brent …

    Source: Eye of Riyadh - Pro-Government
  • Published on Jun 6, 2025

    Azerbaijan's Crude Oil Sees Price Hike

    (MENAFN- Trend News Agency) BAKU, Azerbaijan, June 6. The CIF price of Azerbaijan's Azeri Light crude oil at Italy's Augusta port rose by $0.77, or 1.12%, from the previous level to $69.24 per barrel, a source in the oil market told Trend . …

    Source: MENAFN - Indeterminate
  • Published on Jun 6, 2025

    Azerbaijan's Azeri Light oil price climbs

    Azerbaijan's Azeri Light oil price climbs 6 June 2025 11:35 (UTC+04:00) The price of Azerbaijan’s “Azeri Light” crude oil at Italy’s Augusta port on a CIF basis increased by $0.77, or 1.12%, reaching $69.24 per barrel compared to previous figures, …

    Source: AzerNews - Gov't Propaganda
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