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OPEC, Oil

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Yahoo Finance |
Oil tumbled to a four-year low, following a surprise output increase by OPEC+ and a rapidly escalating global trade war that’s also rattling commodities markets from metals to gas.Most Read from Bloom
The New York Times |
Eight members of the OPEC Plus oil cartel, led by Saudi Arabia, said Thursday that they would accelerate their previously planned schedule to gradually add about 2.2 million barrels a day to the oil ...
Reuters |
Credit rating agency Fitch warned they were a "game-changer" for both the U.S. and global economy, while Deutsche Bank called them a "once-in-a-lifetime" event that could easily knock between 1%-1.5%...

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Oil Sinks to Four-Year Low on OPEC Supply Boost, Tariff Turmoil
Oil tumbled to a four-year low, following a surprise output increase by OPEC+ and a rapidly escalating global trade war that’s also rattling commodities markets from metals to gas.Most Read from Bloom
Oil majors see stocks plummet as tariffs, Opec+ increases stun markets
Oil majors saw their stocks nosedive Thursday and Friday as the one-two punch of US President Donald Trump’s sweeping tariffs and Opec+ production increases punished global markets and sent benchmark crude prices to their lowest levels in years.
OPEC+ stuns oil market with policy shift to drive down price
For most of this decade, the OPEC+ alliance has been the world’s most stalwart defender of high oil prices. In just a few moments last week, that role reversed dramatically. In a video conference
Oil Producers Follow Trump’s Tariffs With a Surprise Increase
Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a sharp fall in prices.
Oil, metals, and crops hit as Trump’s tariffs threaten demand and economy
The levies were seen as more aggressive than expected, with a 10 percent duty on all exports to the US and even higher rates on about 60 nations.
Oil imports exempted from Trump’s sweeping tariffs
Imports of oil, gas and refined products were exempted from U.S. President Donald Trump’s sweeping new tariffs, the White House said on Wednesday.
Stocks sell off, US dollar weakens as Trump tariffs fuel economic worries
Stock indexes tumbled on Thursday, with the S&P 500 down more than 4%, while the U.S. dollar weakened and oil prices fell more than 6% as President Donald Trump’s drastic U.S. trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen.
Brent oil slumps nearly 7% on Trump tariffs, output boost by OPEC+
Oil prices fell on Thursday as the decision by the OPEC+ group to speed up unwinding of oil output cuts in May compounded already heavy losses following U.S. President Donald Trump's announcement of sweeping new import tariffs.
Oil Prices Tumbled to Worst Day in Nearly Three Years
Energy prices got slammed by fears of a global economic slowdown stemming from President Trump's tariff plan, and OPEC and its market allies piled pressure onto the U.S. energy industry by open up the spigots.
Seeking to punish cheaters, Saudi Arabia pushes OPEC+ to open oil taps
Saudi Arabia's anger at Kazakhstan and other over producing nations was the key driver behind a shock decision by the OPEC+ oil group to open taps on Thursday and might not be reversed even if oil prices fall further,
In the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%
President Trump’s sweeping tariffs combined with OPEC’s unexpectedly large production hike are combining to trigger a “double whammy” on the oil and gas sector, resulting in crude prices tumbling and fears rising of lower energy demand in an economic slowdown.
Oil Prices Hit Four-Year Low on OPEC Announcement
Oil prices have fallen to a four-year low due to a surprise output increase by OPEC+ and escalating global trade war. Brent prices are down 13% in two days - heading below $65 a barrel. Prices for other commodities are also dropping.
Crude oil loses most since July 2022 as tariffs, OPEC output hike make 'perfect bearish cocktail'
Crude oil plunged by the most in nearly three years as concerns about weaker demand due to tariffs were exacerbated by the surprise move from OPEC+ to speed the return of withheld production
OPEC+ surprise output hikes highlight fading discipline: Bousso
OPEC+'s surprise decision to add more oil to a well-supplied market reeling from the prospect of a global economic trade war suggests the group is struggling to keep its own house in order.
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Lower oil prices cloud US output as OPEC surprises with May production hike
The plunge in oil prices on Friday presented a different layer of complexity for OPEC and its allies as it plans more output increases.
Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
Markets were stunned when OPEC+ when chose not only to go ahead with its plans to raise oil production, but also to nearly triple the expected increase figure.
Oil Market Gauges Signal a Glut Is Coming as OPEC+ Raises Supply
Key oil indicators are signaling looser balances ahead, after OPEC and its allies shocked the market with a dramatic early supply increase just as concerns over global demand become more acute.
Here’s how much gasoline will cost this summer in N.J.
While gas prices are march upward this week due to the seasonal switch to "summer gas," predicting where they will land is difficult because of "wild" market conditions, said a petroleum expert.
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