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The International Energy Agency has estimated that crude oil supply next year is likely to average around 1.9 million barrels per day, while demand growth is seen at 1.1 million barrels per day.
Oil prices have surged over 7% since early March amid tighter supply and geopolitical tension impacting key buyers. U.S. crude stockpiles fell by 3.3 million barrels—more than triple analysts ...
How Trump’s ‘Liberation Day’ shook the world in four charts - The impacts of Trump’s tariffs have hit economies across the world ...
The White House released a list of 57 countries, territories and trading blocs that will be subject to increased tariffs, as ...
Crude oil posted its third straight weekly gain, buoyed by intensifying U.S. sanctions on key exporters and persistent signs of tightening global supply. Despite a Friday pullback on recession ...
Oil futures tanked more than 6% on Thursday as Trump's tariffs sent financial markets reeling and new global supply developments suggested the balance in the global oil market would remain under ...
selling into the resulting rally in oil producer stocks. In January of this year, the EIA predicted that a slight global liquid fuels supply/demand shortfall in the current quarter would give way ...
This move helped ease concerns over a possible crude oil supply constraint. At 9.54 am on Monday, June Brent oil futures were at $66.91, down by 1.55 per cent, and June crude oil futures on WTI ...
1524 ET – Crude futures rise for a third week in a row as U.S. sanctions against Iranian and Venezuelan oil raise some near-term supply concerns, even with OPEC+ due to start unwinding some ...
NEW YORK, March 27 (Reuters) - 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.