oil prices, OPEC
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U.S. oil prices have dropped to their lowest level since 2021 this week, sparked in part by concerns that the massive tariffs announced by the United States will hurt economic growth.
From CNBC
A spokesman for China’s foreign ministry, Guo Jiakun, criticized the planned American tariffs last week.
From The New York Times
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Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweepin
Crude oil inventories in the United States saw a large increase of 6.2 million barrels during the week ending March 28
Heirs Energies is making significant investment progress as it prepares to exert more pressure to deliver more oil from its field assets in Nigeria.
U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed on Monday.
OPEC+ has decided to accelerate the reversal of production cuts, adding 411,000 barrels per day to its combined supply in May, surprising the market and contributing to a further drop in oil prices amid tariff-fueled recession fears.