Good afternoon and happy Monday, readers! In today’s Daily on Energy, Callie and Maydeen continue to monitor dropping oil prices amid the fallout of the Trump administration’s ...
How wrong the market was. Instead, the group announced it would increase the oil supply by 411k b/d in May. The group attributed the increase to healthy market fundamentals and a “positive ...
Oil prices remain near one-month highs, gaining over 7% since early March, as tightening supply concerns and escalating geopolitical tensions rattle global markets. New U.S. trade restrictions ...
April 4 (Reuters) - Goldman Sachs lowered its forecast for Brent crude's average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply ...
Wall Street Banks See Oil in the Low $70s. Rising supply and potentially weaker-than-expected demand are set to keep oil prices in check this year, with the price likely to average in the low $70s ...
OPEC+ agreed to make a larger than expected oil supply hike in May, deepening the slump in oil prices triggered by President Donald Trump’s tariffs. The group led by Saudi Arabia and Russia will ...
HOUSTON – Crude oil prices fell further on April 4 after US President Donald Trump’s tariffs and a decision by the Organisation of the Petroleum Exporting Countries and its allies (Opec+ ...
The pound fell against the dollar in early European trading on Friday morning, down 0.2% to $1.3062, but still stood near six-month highs, as investors digested US president Donald Trump's global ...
NEW YORK : Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world's economy. Brent crude futures ...