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.
Oil prices drop on rise in U.S. supplies as tariffs threaten to dent Chinese demand
Oil futures fell Wednesday, feeling pressure after industry data showed a large rise in U.S. crude inventories and as investors feared a U.S. -China trade battle will dent demand.
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 to almost three months.
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.
China Tariffs on US Oil Come as Exports Have Sunk From Peak
The first round of Chinese sanctions to hit US oil were received with a whimper, and traders are speculating that the move is unlikely to rattle American exports of crude.
China's tariffs hit US oil as trade tensions rise
Oil prices on the New York commodity exchange are dropping after China imposed tariffs on American goods, including oil and liquefied natural gas. Brokers report that investors are also worried about US sanctions on Iran.
China's tariffs on U.S. oil come after exports fell sharply from 2020 peak
Crude oil futures finished mixed Tuesday, rebounding from sharp early losses after President Trump signed a memorandum restoring his "maximum pressure" policy against Iran that he practiced in his first term,
Oil pares losses after Saudi price increase
Oil prices ticked up in early Asian trading on Thursday, steadying from a sell-off the previous day after Saudi Arabia's ...
Trump’s "Drill, Baby, Drill" Pledge Will Not Save Oil
There is no doubt there will be an impact of the second Trump presidency on the energy transition, but it is unlikely to have ...
Crude Oil Prices18h
Large Unexpected Crude Build Sinks Oil Prices
Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...
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 ...
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 ...
Oil Edges Higher; Rising Stockpiles, Trade Uncertainty to Weigh
Oil edged higher in early Asian trade after falling overnight, but may continue to be weighed by rising U.S. stockpiles and trade uncertainty.
Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business
The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered ...
Crude Oil Prices13h
Beyond Oil: How Southeast Asia's Energy Consumption is Shifting
Southeast Asia's unique cultural, climatic, and energy resource advantages may offer unexpected resilience in the face of ...
Colombia's president orders national oil company to sell US fracking operation after backing down to Trump
Colombian President Gustavo Petro killed a deal between his state-run oil company and a U.S. counterpart, weeks after backing ...