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Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets

14/04/2025

The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping

US EIA warns of lower oil demand from tariffs and trade uncertainty

14/04/2025

Tariffs are clouding the global economic outlook and could weigh heavily on oil prices in the months ahead, the U.S.

OPEC output hikes, trade wars have US oil producers wary of ‘drill baby drill’

14/04/2025

President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country’s

Asian spot prices slip to 8-month low on weak demand, recession concerns

14/04/2025

Asian spot liquefied natural gas (LNG) prices slid to an over eight-month low this week, weighed by weak demand, high

China petchem plants face shutdown as tariffs on US LPG loom

14/04/2025

Chinese petrochemical makers that buy $11 billion worth of U.S. liquefied petroleum gas (LPG) annually are poised to cut output

Western Canada Select heavy crude discount narrows

14/04/2025

The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed

Grades little changed even as U.S. energy firms cut oil rigs

14/04/2025

Grades were steady on Friday even as U.S. energy firms this week cut oil rigs by the most in a

US oil rig count falls by most in a week since June 2023, Baker Hughes says

13/04/2025

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total

U.S. energy secretary says shale industry will ‘survive and thrive’ despite plunging crude prices

13/04/2025

U.S. Energy Secretary Chris Wright is not worried about falling oil prices and their impact on America’s shale oil industry,

EU countries back plan to soften gas storage rules before winter

13/04/2025

European Union countries on Friday backed looser rules on filling gas storage ahead of winter, amid concerns that the bloc’s

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