President Donald Trump's trade war has sent crude oil prices spiraling. Prices have reached levels where producers may pull back on drilling, undermining Trump's "drill, baby, drill" agenda.

China has been buying lower volumes of U.S. crude oil so far this year, and its purchases are set to stop amid the escalating tariff and trade war between the world’s two biggest economies ...

Maybe it’s not surprising for a career politician who has voted against the environment 400 times in 20 years, but Pierre Poilievre has capitulated to every one of Big Oil’s demands. Sensing an ...

(Reuters) - 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 ...

He said Saudi Arabia's announcement to increase output and decrease oil prices is also a significant reason for nosediving crude oil prices. "China's aggressive retaliation diminishes the chances ...

Oil Prices Today: Oil prices dropped more than $1 a barrel on Tuesday, reaching their lowest level in four years. Investors are becoming more worried about the chances of a global recession as the ...

Oil prices dropped to their lowest in more than four years in early trade on Wednesday on looming demand concerns fuelled by an escalating tariff war between the U.S. and China, the world's two ...

JAKARTA : Indonesia's palm oil industry and farmer groups on Wednesday urged the government to reduce export costs, to offset the impact of market distortion caused by 32 per cent U.S. reciprocal ...

By Rebecca F. Elliott U.S. oil prices bounced back to around $62 a barrel on Wednesday afternoon, more than erasing earlier losses after President Trump said he would pause his reciprocal tariffs ...

In March, the U.S. Treasury Department gave U.S. oil producer Chevron (CVX.N), opens new tab and other foreign partners and customers of PDVSA until May 27 to wind-down operations and cease oil ...

NEW YORK: Oil prices slipped on Wednesday, hitting fresh four-year lows before recovering some ground, after China announced additional tariffs on U.S. goods in retaliation against President ...