Meanwhile, Birchcliff Energy CEO Chris Carlsen highlighted a potential benefit for natural gas producers, as reduced oil drilling may decrease associated gas output, potentially tightening supply. See ...

And in a scenario where a trade war flares up, global oil supply increases amid a slowdown or recession, these oil prices could fall below $50, or even $40 per barrel, warn experts. OPEC+ has made the ...

Adding to the pressure, OPEC+ has decided to raise oil production by over 411,000 barrels per day as worries grow about supply levels. If nothing changes and the tariffs stay in place, oil prices ...

That now appears optimistic. IEA had originally estimated oil supply at 103.3 million bpd. But this was before OPEC+ (the Organization of Petroleum Exporting Countries) decided to increase output ...

X@Engr_Abdulmalik The Federal Government cut crude oil supplies to local refineries ... and Iranian and Venezuelan supply dropped on renewed U.S. attempts to curb the flows. OPEC pumped 26.63 ...

A Coordinated Supply Shift — Or a Flashback to Market Wars? The timing of Aramco’s announcement was no coincidence. Just days prior, OPEC+—the alliance of oil-producing nations led by Saudi Arabia and ...

US bank Morgan Stanley has lowered its 2025 forecast for oil consumption growth and oil ... tariffs imposed by US President Donald Trump and supply increase from Opec+. Markets on Monday morning ...

Furthermore, a reduction in Kazakhstan’s oil output had fueled worries about global supply. Amid the US’ 17-percent reciprocal tariff on the Philippines, fuel industry players remain concerned about ...

President Trump campaigned on taming inflation, in part by increasing U.S. oil supply to lower energy prices. The recent slump in energy prices, however, has been driven by pessimism about the ...

Crude oil prices took a severe beating on Friday, extending their decline to 8%, after China retaliated with fresh tariffs in response to US President Donald Trump's levies on the Asian nation.

Glencore Plc plunged 11%, with fellow major miners BHP Group and Rio Tinto Group also sliding. Oil’s retreat marks a fresh attempt to break out of the $15 trading range of the past six months. During ...

India's oil demand will continue to grow at around 3-4%, but global growth will remain muted, Singh added. The demand-supply imbalance has prompted international oil companies to scale back ...