OPEC+ to consider another accelerated oil output increase for June: Reuters

Oil Set For Weekly Loss on OPEC+ Supply Rumors

Crude oil prices are set for a weekly loss due to rumors of increased OPEC+ supply and renewed hopes for peace in Ukraine, despite slight gains in Brent and West Texas Intermediate benchmarks.

PXP Energy Q1 loss widens to P9.38M - BusinessWorld Online

PANGILINAN-LED upstream oil and gas firm PXP Energy Corp. saw its first-quarter attributable net loss widen to P9.38 million from P2.61 million due to lower revenues and higher operating costs. In a stock exchange disclosure on Thursday, PXP Energy reported petroleum revenue of P20.4 million for the January-to-March period, down by 22.4% from P26.3 million in the same period in 2024. PXP Energy said the revenue decline was due to a 20% drop in o…

PXP Energy widens Q1 net loss on lower Galoc oil output

MANILA, Philippines – Listed upstream oil and gas firm PXP Energy Corp. reported a core net loss of P9.2 million in the first quarter, widening from P2.6 million a year ago, on higher expenses and weaker volume from its Galoc operations. In a disclosure, consolidated revenues declined by 22.4 percent to P20.4 million from P26.3

OPEC+ to consider another accelerated oil output increase for June

Several OPEC+ members will suggest accelerating oil output hikes in June for a second consecutive month, three sources familiar with the matter told Reuters.

OPEC+ to consider another accelerated oil output increase for June, sources say

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

Several OPEC members considering production increase from June onwards

The Corner Bankinter | OPEC could accelerate production increase in June. According to press reports, several members are considering an increase in production. As a reference, OPEC will increase its production by 138,000bd in April and 411,000bd from May onwards. OPEC has the objective of bringing 2.2Mbd to market and, if this increase is maintained, it would achieve its objective in September this year, compared to July 2026, as predicted in A…