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Search Result for “Opec+”

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GENERAL

Shares rise as investors shrug off Trump threats

Business, Published on 12/07/2025

» RECAP: Asian stock markets forged ahead on Friday, as investors saw US President Donald Trump's latest tariff threats as more of a strategic move to extract concessions in trade talks now in focus before an Aug 1 deadline.

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GENERAL

Opec production increase expected to keep oil prices low

Business, Yuthana Praiwan, Published on 08/07/2025

» Global oil prices are expected to remain low this week following the decision of Opec and its allies to increase production, says Thai Oil Plc (TOP), the country's largest refiner by capacity.

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GENERAL

Opec+ steps up oil output increases

Published on 05/07/2025

» LONDON - Opec+ agreed on Saturday to raise production by 548,000 barrels per day (bpd) in August, further accelerating output increases at its first meeting since oil prices jumped — and then retreated — following Israeli and US attacks on Iran.

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GENERAL

Traders cautious as US tariff deadline nears

Business, Published on 05/07/2025

» RECAP: Asian investors turned cautious on Friday as the July 9 deadline to avert steep US tariffs approached with very few trade deals concluded. President Donald Trump indicated that dozens of trading partners could simply get letters next week informing them of their rates.

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GENERAL

Trade and Middle East Conflicts Drive Oil Prices 

Published on 25/06/2025

» From 1 April to 18 June 2025, ICE Brent crude oil prices declined by USD 5.68 per barrel compared to the previous quarter, averaging USD 69.28 per barrel. The drop followed an announcement by eight OPEC+ countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—to increase crude oil production from April to July 2025. The additional output, which totalled 1.37 million barrels per day, reversed earlier voluntary cuts. Saudi Arabia is now pushing for a full reinstatement of its 2.2 million barrels per day in voluntary cuts by September 2025 to regain global market share. 

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GENERAL

Oil prices fluctuate as Mideast tensions persist

Yuthana Praiwan, Published on 24/06/2025

» Global oil prices remain volatile amid rapid changes in the Israel-Iran war, with the crude price surge losing momentum after US President Donald Trump announced a ceasefire between the two countries.

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GENERAL

Oil prices fall to over one-week lows as Trump announces Israel-Iran ceasefire

Reuters, Published on 24/06/2025

» Oil prices tumbled on Tuesday to their lowest level in more than a week as US President Donald Trump said a ceasefire has been agreed between Iran and Israel, relieving worries of supply disruption in the area.

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GENERAL

Global gold edges higher, oil hits five-month high after US joins Israeli attacks on Iran

Published on 23/06/2025

» Gold edged higher as the world waited for Iran’s response after the United States joined the Israeli assault on Iran over the weekend, risking a wider war that could push up energy prices.

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THAILAND

Deft touch needed in Israeli-Iran conflict

News, Published on 23/06/2025

» Since June 14, escalating strikes between Israel and Iran have sent shockwaves through the Thai community in the region. More than 39,500 Thai workers in Israel have been caught in the crossfire, many forced to shelter in underground bunkers or makeshift compounds as normal life is upended.

GENERAL

Stocks fall, oil jumps after Israeli strikes on Iran

Business, Published on 14/06/2025

» RECAP: Stocks fell in most Asian markets yesterday and oil prices jumped as investors rushed to safe-haven assets after Israel attacked Iran's nuclear sites in a major escalation of tensions in the Middle East.