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Oil Drops

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Goldman Sachs lifted its recession odds to 45% this week, citing tariffs as the main reason.
Reuters |
A positive correlation between global oil benchmark Brent crude and U.S. equities has reemerged in 2025, reflecting concern about the slowing economy and the impact of U.S. President Donald Trump's t...
Reuters |
President Donald Trump's global trade war has created tumult in the oil market that Saudi Arabia did not seek, but can turn to its advantage even if its window for navigating a price war is narrow.

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Trump trade war uncertainty threatens U.S. oil production
President Donald Trump's on again, off again approach to tariffs is creating uncertainty that will make oil firms hesitate on investment decisions.
The trade war is clobbering energy markets, with oil hitting its lowest price in 4 years
Shares of oil companies have dropped sharply in recent days. Growth fears and expectations of more supply from OPEC+ are pressuring crude prices.
Oil Drops as U.S.-China Trade War Intensifies
Oil plunged in afternoon trade in Europe after China said it would impose 84% levies on U.S. goods in response to Trump’s tariffs.
Oil moves closer to stocks in 2025 as Trump tariffs roil markets
A positive correlation between global oil benchmark Brent crude and U.S. equities has reemerged in 2025, reflecting concern about the slowing economy and the impact of U.S. President Donald Trump's trade wars.
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.
COMMODITIES Energy, metals and grains surge after Trump tariff pause
Oil prices surged from a four-year low on Wednesday and gold rallied in a broad-based commodities and equity market rebound after U.S. President Donald Trump said he would temporarily lower recently enacted tariffs on dozens of countries while further increasing duties on China.
Saudi will not waste a Trump-fuelled oil crisis
President Donald Trump's global trade war has created tumult in the oil market that Saudi Arabia did not seek, but can turn to its advantage even if its window for navigating a price war is narrow.
Plunge in Oil Prices Threatens Russia’s Vast Spending on Ukraine War
The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the penalties the United States and its allies have already imposed.
Energy Demand Erodes in Face of Global Economic Slowdown as Trade War Intensifies
Oil prices slid to a four-year low Wednesday as fears of a global recession grew amid the latest round of tariff increases
U.S. oil prices dip below nerve-wracking $60 threshold with record-high production in the balance
The tariff ripple effects should lower fuel prices but put the oil industry in its toughest financial quandary since the pandemic.
Occidental Petroleum flags higher prices for oil and gas production in Q1
U.S. shale firm Occidental Petroleum said on Wednesday the prices it received for oil and gas production during the first quarter were higher than in the preceding three months.
Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
Markets were stunned when OPEC when chose not only to go ahead with its plans to raise oil production, but also to nearly triple the expected increase figure.
Bill Barr torches veracity of red state’s billions in lawsuits against Big Oil, warns of economic impacts
Former Attorney General William P. Barr sounded off on Louisiana's legal behavior toward energy firms in a letter to state Attorney General Liz Murrill on Thursday.
Oil Production Slides and Job Cuts Rise as Tariff Costs Bite
The oil sector expected to be a major beneficiary after Trump’s election. Now it faces spiking costs, slowing demand, and plunging prices amid fears of a global trade war.
CVX, XOM, SHEL: Oil Prices Fall Below $60 a Barrel as Recession Fears Spike
The price of crude oil in America has fallen below $60 a barrel as fears grow that President Donald Trump’s tariffs will push the global
Keystone Pipeline in N.D. shut down after reports of 'bang,' spilled oil in field
The Keystone Pipeline in North Dakota was shut down Tuesday after reports of a "bang" and spilled oil, according to officials.
Libya to offer production sharing contracts under new oil bid round
Libya is set to offer 22 areas for oil exploration and development in its first such bidding round in more than 17 years, oil officials said on Monday, adding that deals will involve production sharing agreements.
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OPEC+ to Raise Oil Production by More Than Expected in May
OPEC+ has decided to accelerate the reversal of production cuts, adding 411,000 barrels per day to its combined supply in May, surprising the market and contributing to a further drop in oil prices amid tariff-fueled recession fears.
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