On Tuesday, oil prices are declining due to pressure from concerns over escalating trade tensions. Market participants are worried about the impact of increasing friction between the US and EU on economic activity and fuel demand.
Kazakhstan's disregard for OPEC+ agreements on oil production cuts could prompt the country to exit the group. This would worsen the state's relations with the cartel's leader, Saudi Arabia, and could lead to a price war, Reuters experts say.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
An increase of the indicator value may contribute to the fall in quotes of WTI, Brent.
According to recent data from Joint Organization Data Initiative (JODI), published on Tuesday, in February crude oil exports from Saudi Arabia increased by 500,000 barrels per day (bpd).
Oil prices grew almost 1% during early trade on Wednesday, adding to yesterday’s gains. Investors weighed new US restrictions on Iran, a decline in American crude stocks, and Donald Trump's softening stance on the Federal Reserve.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
Fatih Birol, the head of the International Energy Agency (IEA), says the energy sector is experiencing a new wave of instability due to escalating trade tensions, as reported by the Financial Times.
Chevron is moving forward with plans to ramp up oil production and reduce costs. In 2026, the company intends to boost energy output in the Gulf of Mexico by up to 300,000 barrels per day. The $1.6 billion Ballymore project will play a key role in Chevron achieving this goal.
Oil prices climbed higher in early trade on Tuesday. According to Reuters, investors took advantage of the previous day's price drop to cover short positions. However, concerns over a potential US recession driven by President Donald Trump’s tariff policies continue to weigh on the market.
Donald Trump plans to increase American energy production. The US Interior Department is drafting a new five-year leasing program, taking public input for offshore oil and gas development projects, but has not yet disclosed specific locations or timelines for these projects.
News on oil prices is not just information for specialists. This is an important signal for every experienced trader. This section of the website will help you understand when there’s a "Strong buy" signal for oil and when it is a "Strong sell" signal.
Oil price movements are more than just charts on a screen. It is one of the key drivers of the global economy. Understanding these dynamics helps in making rational decisions and adapting to changes.
