Donald Trump's tariff policies could seriously damage the US oil industry. Drillers cut the number of active oil rigs last week to 583. Meanwhile, major companies are reassessing high-cost projects.
17 April
Oil market News
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Saudi oil supply to China to rise by 35% in May — Reuters
According to Reuters, Saudi Arabia will supply China with about 48 million barrels of oil in May. By comparison, April’s volume is just above 35 million. The projected amount is the highest since 2024, and it also represents the first rise this year, the agency reports.
11 April
Oil slips for second week in a row as US-China tiff keeps growing
Oil is falling for the second week in a row amid escalating trade tensions between the US and China. On Friday, prices continued their bearish trend as market players feared that the ongoing dispute between the world's two largest economies could lead to reduced fuel consumption.
11 April
The US has significantly lowered its forecast for global oil demand growth in 2025, now predicting an increase of 900,000 barrels per day (bpd). This is 400,000 bpd lower than the previous outlook, according to Bloomberg.
11 April
Saudi Aramco discovers several new fields amid falling oil prices
Saudi Aramco recently reported on the discovery of 14 new oil and gas fields which will allow Saudi Arabia to raise its oil production by 8,000 barrels per day (bpd) and increase its gas output by 80 million cubic feet per day.
10 April
Saudi Arabia's efforts to enforce production discipline among OPEC+ member countries are being called into question. Kazakhstan does not intend to cut crude output, according to several sources cited by Bloomberg.
10 April
Oil falls again as trade war concerns continue to rattle markets
Oil prices dropped again after a brief rally triggered by US President Donald Trump’s decision to pause tariffs for dozens of countries while hiking duties on Chinese imports to 125%. Investors are growing uneasy over the sharp shifts in US trade policy, Bloomberg reports.
10 April
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
9 April
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
9 April
InPlay Oil Corp. CEO Douglas Bartole believes the current drop in oil prices is a market shock in response to a new round of Donald Trump's import tariffs. Canadian companies at the BMO CAPP Energy Symposium doubt the long-term decline in oil prices, Bloomberg reports.
9 April
Risks of US tariffs against China rising to 104% caused oil prices to slump to 4-year low
Oil prices dropped nearly 4% during early Wednesday trading amid an escalating tariff standoff between the United States and China, Reuters reports. The prices hit the lowest level in more than 4 years, having fallen for five consecutive sessions.
9 April
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.
What determines oil prices?
- Global events. Political crises, conflicts, and agreements between producing countries have a huge impact on oil prices.
- Supply and demand. When many consumers try to buy oil that is in deficit – the prices go up. Otherwise, when supply is greater than demand, the prices go down.
- Russia and Saudi Arabia. These countries are among the leading oil producers. Their decisions on oil output have a direct impact on the global market.
- OPEC. This is a group of oil-producing countries. Their agreements on production cuts are aided at stabilizing prices.
- Alternative energy sources. The development of solar, wind, and other power stations can weaken the countries' dependence on oil and put pressure on its prices.
- Electric cars. The increasing popularity of electric cars reduces the need for gasoline and, consequently, for crude oil.
- Global tensions. Oil is a strategic resource. Geopolitical events can affect its production and prices.
- Environmental constraints. Rising environmental awareness may reduce demand for oil, affecting its price.
Why follow the latest oil news?
- To make informed investment decisions. Being aware of the oil industry news helps you make conscious choices.
- To assess the impact on the economy. Oil prices can affect inflation, economic growth, and even our wages.
