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.
Crude oil slides to lowest settlement this year as surging U.S. inventories shows weak demand
Crude oil futures fell more than 2% on Wednesday 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 and demand for oil products.
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.
Iran says US sanctions will destabilise oil and energy markets
Iran's oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry'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 ...
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 ...
Crude Oil Prices16h
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 ...
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 ...
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 ...
Will oil boom hit SW Florida? What 'Drill, baby, drill' might mean for Lee, Collier counties
Energy interests have eyed SW Florida's underground and underwater resources for decades. Will Trump’s return spark a new era of domestic drilling?
Crude Oil Prices11h
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 ...
Ukraine hits Russian oil depot in drone strike as 300 prisoners of war exchanged
It came as Russia and Ukraine swapped 150 prisoners of war each and UK foreign secretary David Lammy met with Ukrainian ...