Crude oil prices continued to drop on Thursday after United States President Donald Trump slapped tariffs on imports from all over the world, raising concerns about the future of global trade and economy.Additionally, the Organization of Petroleum Exporting Countries (OPEC) and its partners of...
The Organization of Petroleum Exporting Countries (OPEC) and its partners of OPEC+ agreed on Thursday to increase oil production by 411,000 barrels per day (bpd) in May, ending voluntary output cuts. This comprises the increment originally planned for May in addition to two monthly increments,...
Global oil futures plunged on Thursday, dropping more than 3% following US President Donald Trump's declaration of global tariffs, including a 10% baseline, 34% on China, and 20% on the EU, which raised investor concerns about potential trade conflicts that could reduce economic expansion and...
The United States is significantly increasing its military presence in the Middle East as the Trump administration ramps up pressure on Iran to reach a nuclear deal. US President Donald Trump threatened Iran with "bombing the likes of which they have never seen before," giving the country a...
Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve, were up by 6.2 million barrels to 439.8 million barrels in the week ending March 28, the Energy Information Administration (EIA) revealed in its report on...
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