Wednesday, April 30, 2025
Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook- oil and gas 360

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

(Investing) – NEW YORK  – Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump’s on-again off-again trade tariffs could reduce global economic growth and demand for the fuel. Brent crude futures fell by $1.41, or 2.1%, to $64.45 per barrel by 11:03 a.m. EDT (1503 GMT), while

Exxon set to surge ahead of European competitors in low-carbon investment race- oil and gas 360

Exxon set to surge ahead of European competitors in low-carbon investment race

(Oil Price) – After years of watching Europe’s Big Oil commit growing shares of capex to low-carbon energy solutions, U.S. supermajor Exxon is now set to overtake Shell and BP in investments planned for low-emission projects. Exxon’s pledge largely depends on the Trump Administration not repealing key provisions in Biden’s flagship Inflation Reduction Act of 2022, which offered incentives to companies

Oil prices stable amid economic uncertainty, OPEC+ supply fears- oil adng gas 360

Oil prices stable amid economic uncertainty, OPEC+ supply fears

(Investing) – LONDON – Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, as well as the prospect of OPEC+ raising supply. Brent crude futures were down 15 cents, or 0.22%, at $66.72 a barrel, as of 1204 GMT. U.S. West Texas Intermediate

Oil prices rebound on hopes of U.S.-China tariff de-escalation- oila nd gas 360

Oil prices rebound on hopes of U.S.-China tariff de-escalation

(Oil Price) – Oil prices rose early on Thursday, recouping some of Wednesday’s losses, after signs emerged that there could be some tariff and trade talks between the United States and China. As of 9:28 a.m. EDT on Thursday, the U.S. benchmark, WTI Crude, was up by 0.95% on the day and traded at $62.86. The international benchmark, Brent Crude, traded 0.7%% higher

Oil prices fall nearly 2%, sources say OPEC+ to consider accelerating oil output- oil and gas 360

Oil prices fall nearly 2%, sources say OPEC+ to consider accelerating oil output

(Investing) – HOUSTON -Oil prices fell almost 2% on Wednesday as sources said OPEC+ would consider accelerating its oil output increases in June, but losses were curbed following a report that U.S. President Donald Trump may cut tariffs on Chinese imports. Brent crude futures were down $1.13, or 1.68%, at $66.31 by 12:31 p.m. EDT (1631 GMT) while U.S. West Texas Intermediate

Oil falls on signs of progress in U.S.-Iran talks amid more market stress- oil and gas 360

Oil falls on signs of progress in U.S.-Iran talks amid more market stress

(Investing) – LONDON – Oil prices fell more than 2% on Monday on signs of progress in talks between the U.S. and Iran while investors remained concerned about economic headwinds from tariffs which could curb demand for fuel. Brent crude futures slipped $1.54, or 2.3%, to $66.42 a barrel by 1230 GMT after closing up 3.2% on Thursday. U.S. West Texas Intermediate

Liberty Energy sees U.S. oil activity holding firm with prices above $60- oil and gas 360

Liberty Energy sees U.S. oil activity holding firm with prices above $60

(World Oil) – Liberty Energy Inc., one of the biggest U.S. fracing companies, expects most producers to stick with their production plans as long as crude prices can hang on near current levels. “If oil stayed in the low $60s, well, that’s not an exciting environment for us by any stretch of the imagination,” Liberty Chief Executive Officer Ron Gusek said

Ukraine, U.S. make ’substantial progress’ on minerals deal, Kyiv says- oil and gas 360

Ukraine, U.S. make ’substantial progress’ on minerals deal, Kyiv says

(Investing) – KYIV -Ukraine and the United States have made “substantial progress” in their talks on a minerals deal and will sign a memorandum in the near future, first deputy prime minister Yulia Svyrydenko said on Wednesday. U.S. President Donald Trump is seeking a bilateral minerals deal as part of his push to end Ukraine’s war against the Russian invasion. Trump

IEA cuts oil supply estimate on lower U.S. and Venezuelan output- oil and gas 360

IEA cuts oil supply estimate on lower U.S. and Venezuelan output

(Oil Price) – Global oil supply is set to rise by 1.2 million barrels per day (bpd) this year, lower by 260,000 bpd than the growth expected last month, the International Energy Agency (IEA) said on Tuesday, citing lower-than-forecast production from the United States and Venezuela. The U.S.-China trade war escalation and the tariffs on imports into the U.S. have sent

OPEC cuts oil demand forecast for 2025, 2026 as trade war continues- oil and gas 360

OPEC cuts oil demand forecast for 2025, 2026 as trade war continues

(World Oil) –  OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters. The cartel lowered demand growth projections for 2025 and 2026 by about 100,000 barrels a day (bpd), projecting an expansion of 1.3 million barrels a day

Oil price drop turns up heat on emerging market crude exporters- oil and gas 360

Oil price drop turns up heat on emerging market crude exporters

(BOE Report) – A steep drop in crude oil prices largely due to U.S. President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers. Concerns about the impact of a tit-for-tat trade war on global growth and demand for oil sent Brent crude prices