Oil

Oil rises 1% on Iran sanctions, drop in US crude stocks

Oil prices rose on Wednesday, extending the prior day's gains, as investors weighed a fresh round of U.S. sanctions on Iran, a drop in U.S. crude stocks and a softer…

Read More Here

Oil falls as concerns about demand amid U.S. tariff upheaval return

Oil prices fell more than 1.5% on Monday as investors once again focused on concerns U.S. tariffs on its trading partners will create economic headwinds that will reduce fuel demand…

Read More Here

Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts

Oil prices extended gains on Thursday on the prospect of tighter supply after Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged more output…

Read More Here

Oil dips as markets assess trade war effects

Oil prices edged lower on Wednesday, as shifting U.S. tariff policies fuelled uncertainty, prompting traders to weigh the potential impact of the U.S.-China trade war on economic growth and energy…

Read More Here

Oil edges up on potential US tariff exemptions on cars, pick-up in China crude imports

Oil prices inched higher on Tuesday, supported by new tariff exemptions floated by U.S. President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian…

Read More Here

Goldman Sachs expects oil prices to decline through 2026

Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+…

Read More Here

Oil prices drop due to trade war concerns affecting demand and growth

Oil prices fell on Monday on concerns the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand. Brent crude futures were…

Read More Here

Oil retreats despite tariff pause as US-China trade war escalates

Oil prices retreated on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries.…

Read More Here

Oil prices climb 1% after heavy US tariff-driven selloff

Oil prices rose more than 1% on Tuesday, rebounding after a hefty selloff in recent sessions led by concerns that U.S. tariffs might depress demand and lead to a global…

Read More Here

Oil plunge deepens on fears global trade war could trigger recession

Oil prices slid more than 3% on Monday, deepening last week's losses, as escalating trade tensions between the United States and China stoked fears of a recession that would reduce…

Read More Here

Oil set for worst week in months over Trump’s new tariffs

Oil prices fell further in early Asian trade on Friday, and were on track for the worst week in months over U.S. President Donald Trump's new tariffs, stoking concerns over…

Read More Here

Oil slump as Trump’s higher-than-expected tariffs expected to crimp demand

Oil prices fell by as much as 3% on Thursday after U.S. President Donald Trump announced sweeping new tariffs that investors worry will spark a global trade war that will…

Read More Here

Oil prices steady as market awaits fresh US tariffs

Oil prices steadied on Wednesday after falling in the previous session on concerns new US tariffs set to be unveiled later in the day may deepen a global trade war…

Read More Here

Oil extends climb on supply fears, trade war concerns cap gains

Oil prices inched higher on Tuesday after threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran, though worries about the impact of a…

Read More Here

Oil holds near one-month high, set for third week of gains amid supply woes

Oil prices held near one-month highs on Friday and were poised for a third weekly gain on a tightening global supply outlook after the U.S. imposed tariffs against countries buying…

Read More Here

Oil inches up on tighter supply risks; views mixed on Trump auto tariffs impact

Oil prices edged up on Thursday on concerns about tighter global supply after U.S. tariff threats on Venezuelan oil buyers and earlier sanctions on Iranian oil buyers, while traders weighed…

Read More Here

Oil near three-week high on supply fears, U.S. stocks drop

Oil prices edged higher on Wednesday on supply concerns with the U.S. stepping up efforts to limit Venezuelan and Iranian oil exports, while a bigger-than-expected drop in U.S. crude inventories…

Read More Here

Oil steady as investors weigh impact of Trump tariffs

Oil prices were little changed on Tuesday as markets weighed the impact of newly announced U.S. tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.…

Read More Here

Oil slips as investors monitor Russia-Ukraine ceasefire talks

Oil prices slipped on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global…

Read More Here

Oil prices rise on demand outlook strength, weaker US dollar

Oil prices rose on Thursday, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker U.S. dollar. Brent crude…

Read More Here

Oil gains on Mideast risks, China stimulus plan and data

Oil prices rose slightly on Tuesday, supported by instability in the Middle East as well as China's stimulus plans and data, although global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire…

Read More Here

Oil prices jump

Oil prices surged on Monday, U.S. stock futures slid while those in Asia charged higher as investors took stock of the contrasting fortunes between the United States and the rest…

Read More Here

Oil slips amid macroeconomic concerns despite firm demand expectations

Oil prices slipped on Thursday after a surge in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns against firm near-term demand. Brent…

Read More Here

Oil up on weak dollar but tariff concerns cap gains

Oil prices edged up on Wednesday, buoyed by a weaker dollar, but mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth capped gains.…

Read More Here

Oil prices decline as tariff uncertainty keeps investors on edge

Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled…

Read More Here

Oil falls as OPEC+ plans to raise output, U.S. tariffs

Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns U.S. tariffs on Canada, Mexico and China will…

Read More Here

Oil slides on OPEC+ output increase, US tariff uncertainty

Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April while markets braced for U.S. tariffs on Canada, Mexico and China…

Read More Here

Oil recovers as upbeat Chinese manufacturing data increases some optimism

Oil rose on Monday as upbeat manufacturing data from China, the world's biggest crude importer, led to renewed optimism for fuel demand, although uncertainty about a Ukraine peace deal and…

Read More Here

Oil gains after Trump cancels Chevron’s Venezuela license

Oil prices climbed for the first time in three days on Thursday, with supply worries resurfacing after U.S. President Donald Trump announced a reversal of a license given to Chevron…

Read More Here

Oil edges up as US stockpile report counters rising supply concerns

Oil prices rose marginally on Wednesday, bouncing off two-month lows hit in the prior session after an industry group reported U.S. crude stockpiles fell last week. Brent crude rose 20…

Read More Here

Oil gains on supply concerns from Iran sanctions

Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns supply might tighten and as global refining margins remained…

Read More Here

Oil prices slip as Kurdistan export resumption looms

Oil prices slipped in Asia on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awaited clarity on talks to…

Read More Here

Oil steady, heads for weekly gain amid improving demand, supply jitters

Oil prices were steady on Friday and poised for a weekly increase amid an improving outlook for demand in the U.S. and China. Concerns over supply disruptions in Russia also…

Read More Here

Oil gains on US, Russia supply worries; market seeks Ukraine talks clarity

Oil prices edged up on Wednesday amid worries of oil supply disruptions in the U.S. and Russia, and as markets awaited clarity on the Ukraine peace talks. Brent crude futures…

Read More Here

Oil to snap three-week losing streak amid US tariff delays

Oil prices rose in Asian trade on Friday, poised to end three weeks of decline, buoyed by rising fuel demand and expectations that U.S. plans for global reciprocal tariffs would…

Read More Here

Oil prices fall on potential Ukraine peace talks

Oil prices fell slightly on Thursday as a potential peace deal between Russia and Ukraine continued to exert downward pressure, along with rising crude inventories in the United States. Brent…

Read More Here

Oil prices retreat after report of U.S. crude stockpile rise

Oil prices edged down on Wednesday as an industry report showed an increase in U.S. crude stockpiles and tariff worries weighed on sentiment, though stronger refining margins limited the market's…

Read More Here

Oil prices rose amid reduced Russian production and supply fears

Oil prices extended gains on Tuesday after a report showed Russian oil production fell short of quota and on fears of more supply disruptions, but gains were limited by worries…

Read More Here

Oil set for third straight weekly decline amid tariff concerns

Oil prices rose marginally in Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S. President Donald Trump's renewed trade war on…

Read More Here

Oil little changed as Trump policies continue to weigh on prices

Oil prices edged up in Asian trading on Thursday after Saudi Arabia's state oil company sharply raised March oil prices, but the increase was barely a blip on the biggest…

Read More Here

Oil falls as Trump agrees to pause tariffs on Mexico, Canada

Oil prices edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, as the market digested U.S. President Donald Trump's…

Read More Here

Oil prices jump on supply disruption fears from US tariffs

OIL prices jumped on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude supply disruption from two of the biggest suppliers to…

Read More Here

Oil prices rise amid US tariff threat

Oil prices rose on Friday as markets weighed the threat of tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest crude exporters to the U.S., that…

Read More Here

Oil Prices Steady Amid Trump’s Tariff Threats on Canada & Mexico

Oil prices were little changed on Thursday as markets braced for threatened tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers of crude oil to…

Read More Here

Oil prices hover near two-week low; weak China data adds to demand concerns

Oil prices ticked up but hovered near a two-week low on Tuesday after weak economic data from China and warming weather forecasts elsewhere soured the demand outlook. Brent crude oil…

Read More Here

Oil falls as Trump repeats call for OPEC to cut prices

Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his…

Read More Here

Oil prices poised for weekly fall on Trump’s energy policies

Oil prices were little changed on Friday but headed for a weekly decline after U.S. President Donald Trump issued a sweeping plan to boost U.S. production and demanded OPEC lower…

Read More Here

Oil prices extend losses on uncertainty over Trump tariff impact

Oil prices dipped in Asian trade on Thursday, extending losses amid uncertainty over how U.S. President Donald Trump's proposed tariffs and energy policies would impact global economic growth and energy…

Read More Here

Citi raises average 2025 oil price forecasts, citing geopolitical risks

Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran, but noted prices were likely to ease through the second half…

Read More Here

Oil steady as investors watch Trump 2.0 policies

Oil prices were little changed on Wednesday as markets weighed U.S. President Donald Trump's declaration of a national energy emergency on his first day in office and its impact on…

Read More Here

Libya needs $3-4 billion to boost oil production, bidding round expected soon

Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told…

Read More Here

Oil little changed as traders digest Trump tariff reprieve, plan to boost US oil output

Oil prices were little changed in Asian trading on Tuesday as investors took stock of President Donald Trump's plans to apply new tariffs later than expected while boosting oil and…

Read More Here

Oil slips as investors eye Trump move on Russian export curbs

Oil prices fell on Monday as expectations of U.S. President-elect Donald Trump relaxing curbs on Russia's energy sector in exchange for a deal to end the Ukraine war offset concern…

Read More Here

Oil up, heads for 4th weekly gain as U.S. sanctions hit supply

Oil prices rose on Friday and headed towards a fourth consecutive weekly gain as the latest U.S. sanctions on Russian energy trade hit supply and pushed up spot trade prices…

Read More Here

Oil rises as US inventory decline heightens supply concerns

Oil prices gained for a second session on Thursday, supported by worries over supply amid U.S. sanctions on Russia, a larger-than-forecast fall in U.S. crude oil stocks, and an improving…

Read More Here

Oil little changed as falling US stockpiles outweigh soft demand outlook

Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russian tankers lent…

Read More Here

Oil jumps on expectations new US sanctions to cut Russian supply

Oil prices extended gains for a third session on Monday, with Brent rising above $81 a barrel to its highest in more than four months, as wider U.S. sanctions are…

Read More Here