Major oil producers announced a bigger-than-expected output boost for May, even as Trump’s tariffs tank crude prices.
Expectations of retaliatory tariffs from other countries has sparked consternation of an economic slowdown, or possible ...
Key OPEC+ nations reiterated the need for members to stick to oil output quotas after the group’s surprise decision to speed ...
Inayat-ur-Rahman, Business Editor / Reuters Eight Opec+ countries unexpectedly agreed to advance their plan to phase out oil ...
The combination of the tariffs and the Saudi-led response dropped Brent crude oil prices down to just $65.58 a barrel.
Iran and Russia have also been ramping up exports. Energy analysts say Saudi Arabia may have thrown in the towel and switched ...
Already the oil market is tossing aside expectations for 2025. Goldman Sachs Group Inc, one of Wall Street’s long-standing ...
For most of this decade, the OPEC+ alliance has been the world's most stalwart defender of high oil prices. In just a few ...
Oil majors saw their stocks nosedive Thursday and Friday as the one-two punch of US President Donald Trump’s sweeping tariffs ...
Oil prices dived to their lowest in more than three years after China hit back at U.S. tariffs.
Friday closed down -4.96 (-7.41%), and May RBOB gasoline (RBK25) closed down -0.1098 (-5.07%). Crude oil and gasoline prices ...
Lebanon's new central bank governor pledged Friday to fight money laundering, financing terrorism and drug smuggling, ...