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OPEC Output Hikes, Trade Wars Have US Oil Producers Wary of 'Drill Baby Drill'
Oil markets, along with Wall Street, began a free fall on April 2 when Trump announced the new tariffs on trading partners. Shortly after, the Organization of the Petroleum Exporting Countries and its allies in OPEC+ said they would accelerate output hikes, pushing U.S. oil prices to their lowest levels since pandemic lockdowns crushed demand.
Lower energy prices are one of Trump's campaign promises, but an oil price crash could hit US producer margins.
Crude oil has had a rough start to 2025, with a nearly 15% decline year to date. Prices dropped to $61.99 per barrel on ...
Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC’s recent ...
As President Donald Trump's latest tariffs weigh on growth outlooks, OPEC+ members unveiled plans for an output boost that ...
Markets were stunned when OPEC when chose not only to go ahead with its plans to raise oil production, but also to nearly ...
OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to ...
Eight OPEC oil producing nations Thursday agreed to boost crude oil production by 411,000 barrels a day, lowering prices by 6 ...
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.
Key oil indicators are signaling looser balances ahead, after OPEC and its allies shocked the market with a dramatic early ...
President Trump’s sweeping tariffs combined with OPEC’s unexpectedly large production hike are combining to trigger a “double ...
At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil ...
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