Order byBest matchMost fresh

Oil Bounces

Digest more
Top News
Overview
Impacts
Reuters |
Oil prices fell for a fifth day to their lowest since February 2021 on Wednesday on looming demand concerns fuelled by an escalating tariff war between the U.S. and China, the world's two biggest econ...
The New York Times |
U.S. oil prices continued to sink Wednesday morning, falling to about $56 a barrel as China said it would match President Trump’s tariffs blow for blow.
Reuters |
Following the U.S. measures on oil buyers, many vessels undocked at Jose and moved offshore. Now, many of these have returned to complete their loading.

Read more on News Digest

Oil falls to lowest since February 2021 as Trump's tariffs take effect
Oil prices fell for a fifth day to their lowest since February 2021 on Wednesday on looming demand concerns fuelled by an escalating tariff war between the U.S. and China, the world's two biggest economies,
Oil prices are cratering on Trump’s tariffs. Why crude producers still think the best move is to boost output.
Major oil producers announced a bigger-than-expected output boost for May, even as Trump’s tariffs tank crude prices.
Oil Bounces as Trump Holds Off Some Tariffs for 90 Days
Crude futures climbed after President Trump paused some tariffs for 90 days, while raising tariffs on China further following Beijing’s retaliation.
Oil Prices Tumble, Squeezing U.S. Producers
The slide in crude prices signals deteriorating confidence in the strength of the economy. U.S. oil prices continued to sink Wednesday morning, falling to about $56 a barrel as China said it would match President Trump’s tariffs blow for blow.
Oil settles down $1 at four-year low as US-China trade war escalates
Oil prices settled down more than $1 a barrel on Tuesday at a four-year low as investors priced in an increasing likelihood of a recession due to the escalating trade war between the U.S. and China, the world's two biggest economies.
COMMODITIES Oil hits 4-year low, coffee falls as trade war escalates
Oil prices fell to a four-year low on Wednesday while several commodities, including coffee, tumbled as the trade war between China and the U.S. intensified.
Venezuela's oil flows again, after a week of panic
Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long hiatus at the country's ports after the U.S. applied tariffs that President Donald Trump imposed on importers of the OPEC nation's oil,
Oil Contango Creeps Back as Traders Move to Price Recession
The shape of the oil futures curve is rapidly shifting into contango — a fresh sign that traders are hastily dialing back their expectations for global demand this year.
How drop in price of crude oil fit affect di Nigeria economy?
Crude oil price don weak, e don drop more than 12% reach around $65.50 per barrel, afta President Donald Trump slam trade tariffs on plenti kontiris.
Oil may be a recession indicator — but Trump’s sudden tariff-hike pause makes it harder to read
Losses in oil had been fast and furious since President Donald Trump announced his wide-ranging plans for tariffs last week — that is until he suddenly decided to temporarily pause tariffs hikes on most countries while slapping China will an even higher tariff rate for its imports into the United States.
US sanctions hit Serbian oil firm NIS' operations despite waivers
Serbian oil firm NIS is struggling to buy oil from traders abroad, while at home its former clients are seeking alternative fuel suppliers as pending U.S. sanctions have impacted operations, sources familiar with the matter told Reuters.
Saudi Arabia Cuts May Oil Prices to Asia Close to Four-Year Low After OPEC+ Supply Boost
SINGAPORE (Reuters) -Saudi Arabia, the world's top oil exporter, on Sunday slashed crude oil prices for Asian buyers in May to their lowest in four months, following a recent shock decision by the OPEC+ oil group to speed up oil output hikes.
From oil to gold: How Trump’s ‘Liberation Day’ shook the world in four charts
Dubbed ‘Liberation Day’ by the US president, all nations were included in the sweeping measures – with the UK hit by a 10 per cent tariff on all exports to the United States as Trump pledged America “will no longer be ripped off”.
Oil dives more than 6%, steepest fall in 3 years on tariffs, OPEC+ supply boost
Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweepin
Palm oil exporters may gain more US market share
The United States reciprocal tariff differentials between the world's two largest palm oil producers, Indonesia and Malaysia, could result in supply chain shifts with local palm oil exporters gaining more market share in the United States.
The National on MSN6d
Oil prices slump as Opec+ announces surprise output increase
The Opec+ alliance of oil-producing countries has agreed to a larger-than-expected supply increase in May, resulting in oil prices plunging by nearly 6 per cent in evening trading. The group, which includes Saudi Arabia and Russia,
Oil approaches one-month highs as investors assess supply, trade war risks
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.
Feedback