Oil down as US crude inventories swell, traders worry about China-US trade
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand, while worries about a new China-U.S. trade war fueled fears of softer economic growth.
Crude oil slides to lowest settlement this year as surging U.S. inventories shows weak demand
Crude oil futures fell as traders worried that large increases in U.S. crude and gasoline stockpiles and a potential U.S.-China trade war were signals of weak economic growth.
Crude Oil Price Outlook – Crude Oil Continues to Look for Floor After Tariff Spat
The US/Canada tariff spat caused a lot of noise in the oil markets, but at the end of the day, it looks like there isn’t going to be a massive trade war. Because of this, some of the anxiety in the oil markets seems to have disappeared.
Oil down amid rising US crude inventories, China-US tariff war
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signalled demand weakness while concern about a new China-U.S. trade war fuelled fears of softer economic growth.
Oil ends at lowest price of the year on rising U.S. supplies, tariff disputes
U.S. and global oil futures declined on Thursday as a hefty rise in last week’s U.S. supplies and uncertainty surrounding tariff disputes helped to weaken the outlook for crude demand, prompting prices to settle at their lowest levels of the year.
China Refiners Set to Resell US Oil Cargoes After Tariff Blitz
China’s state-run refiners are expected to resell US oil cargoes and seek alternative supplies in the aftermath of Beijing’s response to Washington tariffs, a move that is already pushing up the cost of some replacement grades.
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Oil Prices Remain Under Pressure From Trade War Fears
“Nevertheless, (today's) oil gains are limited, reflecting persistent concerns over supply and demand headwinds, including ...
U.S. Crude Oil Stockpiles Rise More Than Expected
U.S. crude oil inventories increased more than expected as production picked up, while the build in gasoline stocks extended ...
Trump admin sanctions ‘front company’ selling oil to China to allegedly fund Iranian military and terrorist groups
The US will not tolerate Iran’s destructive and destabilizing behavior and is today sanctioning an international network that ...
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Russia’s Crude Oil Exports to EU via Ukraine Dropped 15% in 2024
The southern Druzhba route via Ukraine saw total Russian oil flows to the EU member states decline by 15% to 11.5 million tons last year, according to Vedomosti’s sources. This equals about 230,300 ...
How much crude oil does the US import by country?
U.S. President Donald Trump on Saturday ordered tariffs on Canadian and Mexican imports to address a national emergency over ...
Crude Oil Price Outlook – Crude Continues to Look for the Floor
The crude oil market continues to see a lot of choppy noise, but at this point in time, it looks like the market is about to try to recover.
Europe’s Oil Market Flashes Price Weakness on Refinery Halts
European crude prices have slumped to multimonth lows as the continent’s refineries start to take plants offline for regular ...
India’s crude oil imports from Russia surge 13% in Jan despite latest US sanctions
India imported 1.67 million barrels per day (bpd) of crude oil from Russia—up 13 percent from December 2024—showed data from ...
US and international oil producers are pushing back on the Trump administration's plan to pump more crude
Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...