2025-05-13 07:00:00
OIL PRICE: BRENT NEAR $65, WTI BELOW $62
REUTERS - May 13, 2025 - Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supplies, despite earlier optimism over the pause in the U.S.-China trade war after both countries temporarily cut tariffs.
Brent crude futures dropped 22 cents, or 0.3%, to $64.74 per barrel by 0248 GMT. U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.3%, to $61.77.
Both benchmarks closed about 1.5% higher on Monday at their steepest settlements since April 28. The gains come during a turbulent time for global oil markets.
The U.S. and China agreed to slash steep tariffs for at least 90 days, sending Wall Street stocks, the U.S. dollar and crude prices sharply higher on Monday.
"While a thawing in trade tensions between China and the US is helpful, there’s still plenty of uncertainty over what happens in 90 days. This uncertainty could continue to generate headwinds for oil demand," ING analysts said in an email to clients.
But underlying schisms that led to the dispute remain, including the U.S. trade deficit with China and U.S. President Donald Trump's demand for more action from Beijing to combat the U.S. fentanyl crisis.
Markets were also eyeing rising supplies as a key driver for oil price weakness.
"Though demand has been a key concern for the oil market, supply increases from OPEC+ mean that the oil market will be well supplied through the remainder of the year," ING analysts said, adding that how well supplied the market is will depend on whether OPEC+ sticks with plans for aggressive supply hikes in May and June.
The Organization of the Petroleum Exporting Countries (OPEC) has boosted oil output by more than previously expected since April, with May output likely up by 411,000 barrels per day.
Meanwhile, on the crude oil inventory front, analyst views were mixed.
A Reuters poll showed U.S. crude oil stocks likely fell last week , but Macquarie energy strategist Walt Chancellor is expecting U.S. crude inventories to rise by 7.6 million barrels.
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Earlier:
2025, May, 13, 06:55:00
ОПЕК+ РОССИЯ: + 411 ТБД
Стороны обсудили состояние и перспективы мирового рынка нефти и договорились произвести в июне 2025 года корректировку добычи на 411 тыс. баррелей в сутки, что соответствует трём ежемесячным повышениям.
2025, May, 13, 06:50:00
OPEC+ RUSSIA: + 411 TBD
In view of the current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in June 2025 from May 2025 required production level.
2025, May, 13, 06:30:00
RUSSIAN OIL EXPORTS UP
According to CCI data, the largest monthly increase in April was shown by shipments through the port of Kozmino +17.79%, 139 thousand tons per day.
2025, April, 25, 07:00:00
OIL PRICE: BRENT NEAR $67, WTI BELOW $64
Brent gained 43 cents to $66.98 a barrel, WTI rose 42 cents to $63.21 a barrel.
2025, April, 25, 06:55:00
RUSSIAN OIL FOR INDIA UP
India’s imports of Russian crude are on track to hit 2.15 million barrels a day in April, the biggest monthly volume since May 2023, according to data from Kpler. Shipments have climbed since tumbling to a 14-month low in February.
2025, April, 25, 06:50:00
RUSSIAN OIL PRICE 2025: $68
The ministry envisages in its baseline scenario of economic forecasts for 2025 that the average price for Brent will be at $68 per barrel, down from the $81.7 per barrel it assumed in its September forecasts,
2025, April, 24, 07:00:00
ЭНЕРГИЯ РОССИИ ДЛЯ КИТАЯ
Стороны обсудили энергетическое сотрудничество во всех отраслях топливно-энергетического комплекса. Ключевой темой встречи стали перспективы расширения поставок российских энергоресурсов в КНР. Были отмечены достигнутые результаты по поставкам природного газа из России в Китай.
2025, April, 21, 07:00:00
OIL PRICE: BRENT BELOW $67, WTI BELOW $64
Brent slipped $1.10, or 1.6%, to $66.86 a barrel, WTI was at $63.57 a barrel, down $1.11, or 1.7%.