Tariffs are looming. But a lot of things are shaping oil prices this year.
Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the way.
Why Trump is going to have a hard time lowering oil prices
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
Trump’s oil price pressure threatens Kuwait’s budget
In response to Donald Trump’s statements regarding pressure on OPEC-plus to reduce oil prices and the potential impact on the budgets of
Oil mixed as Trump restores pressure on Iran, tariff drama caps prices
Oil prices diverged at settlement on Tuesday amid tariff drama between Washington and Beijing, and after U.S. President Donald Trump restored his "maximum pressure" campaign on Iran, in a bid to drive Iranian oil exports to zero,
Trump tariffs-led spike in energy prices is temporary, oil prices could ‘plummet’ as global growth slows
Oil prices are likely to fall in the longer run after the initial jump following Donald Trump's implementation of hefty tariffs, said industry watchers.
US Oil Gains Outpace Global Benchmark on Trump Tariff Threats
The American oil benchmark outpaced gains in the global marker after President Donald Trump announced tariffs that will limit supplies from the US’s two biggest foreign suppliers of crude.
Trump oil tariffs expected to raise price at the pump
President Trump’s tariff on Canadian oil is expected to raise prices at the pump for U.S. consumers, if it takes effect as planned after a 30-day delay. Analysts told The Hill that the 10 percent tariff set to be imposed under an executive order Trump signed over the weekend would lead to a pricing bump,
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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 ...
Oil prices look to bounce off 2025 lows after Saudi price hike for Asian buyers
Oil found some support Thursday from an increase in Saudi Arabia’s crude prices for Asian buyers, which implied strength in ...
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 ...
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Here's Why Oil Prices Could Go Higher in the Short Term
If the U.S. enforces strict sanctions on Iran and Russia, and tariffs disrupt North American supply chains, oil prices could ...
Oil prices drop on rise in U.S. supplies as tariffs threaten to dent Chinese demand
Oil futures on Wednesday marked their lowest settlement prices of the year, after official U.S. data showed a weekly climb of ...
Oil prices to see little upside as weak demand, supply glut concerns persist
Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll ...
Why a trade war with Canada, on hold for now, could increase Iowa's gas prices
The Midwest has become increasingly reliant on cheap Canadian oil over the last two decades, and switching to another source ...
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 ...
Sasol sees up to 36% drop in half-yearly profit on lower oil prices
South African petrochemical firm Sasol forecast a fall of up to 36% in half-yearly earnings on Wednesday, mainly due to a ...