Oil prices drop on rising U.S. inventories and fears tariffs will dent Chinese demand
Oil futures fell Wednesday, feeling pressure after industry data showed a large rise in U.S. crude inventories and as investors feared a U.S. -China trade battle will dent demand.
Oil drops amid rising US crude inventories, Sino-US tariff war
Oil prices dropped over 1% on Wednesday as rising U.S. stockpiles and concern about a new Sino-U.S. trade war fuelled fears of weaker economic growth, offseting U.S. President Donald Trump's renewed push to eliminate Iranian crude exports.
Oil Rises as Trump’s Tariffs Raise Supply Fears
Prices jumped on fears that U.S. tariffs on its major trade partners could disrupt supplies and raise prices at the pump.
Oil, gasoline futures rise after Trump slaps tariffs on Canadian crude
Oil futures finished Monday with a gain after President Trump slapped tariffs on Canada, Mexico and China over the weekend, sparking worries over U.S. crude imports.
Trump’s Tariff Decision Spurs Concerns of Rising Gasoline Costs in the U.S.
President Donald Trump’s newly imposed tariffs on Canadian and Mexican oil are expected to lead to higher gas prices in the U.S., according to analysts and fuel traders. The U.S. imports millions of barrels of Canadian and Mexican oil daily,
Oil prices gain as Trump tariffs stoke supply worries
Oil prices rose on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what could be an economically damaging trade war.
US and international oil producers are pushing back on the Trump administration's plan to pump more crude
Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...
Oil prices slip as Trump urges OPEC to cut prices; Russian supply remains strong despite sanctions
Oil prices experienced a decline on Monday, after US President Donald Trump’s public call for OPEC to lower prices. This statement from Trump followed the announcement of extensive measures to ...
Institute for Energy Research7d
Lower Global Oil Prices are Expected Under the Trump Administration
The Energy Information Administration (EIA), in its January Short-Term Energy Outlook, is forecasting global oil prices ...
Trump wants OPEC to bring down oil prices. That could hurt America's booming energy industry.
"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald ...
Trump once again calls for OPEC to drop oil prices
U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and ...
Trump’s "Drill, Baby, Drill" Pledge Will Not Save Oil
There is no doubt there will be an impact of the second Trump presidency on the energy transition, but it is unlikely to have ...
Zawya11h
OPEC and Saudi spare oil production capacity
OPEC's total spare capacity is 5.3 million bpd, of which 3.1 million bpd is held by Saudi Arabia, 1.1 million bpd by the UAE, ...
Will Trump's Calls For OPEC To Lower Oil Prices Work?
Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' ...
Crude Oil Prices11d
Trump Pressures OPEC to Lower Oil Prices, Aims to End Ukraine War
President Trump is urging Saudi Arabia and OPEC to increase oil output to pressure Russia into ending the war in Ukraine, ...
Oil prices to see little upside as weak demand, supply glut concerns persist
Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll ...