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trade war, Oil Prices

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Many companies say they cannot drill profitably if oil prices fall under $65 a barrel.
From Reuters
As Trump reversed his larger “reciprocal” tariffs on most of the world in the face of recession fears, he nonetheless hiked his tariffs on China once again.
From The Boston Globe
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Com...
From Reuters

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OPEC output hikes, trade wars have US oil producers wary of 'drill baby drill'
President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil industry is actually starting to think about cutting output and jobs due to a double whammy of higher crude output from OPEC and on-again,
Trump trade war uncertainty threatens U.S. oil production
President Donald Trump’s trade war has thrown the oil market into deep uncertainty, triggering wild swings in crude prices, undermining investor confidence and jeopardizing domestic production.
Plunge in Oil Prices Threatens Russia’s Vast Spending on Ukraine War
The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the penalties the United States and its allies have already imposed.
The United States and China are locked in a face-off over tariffs. No one wants to blink first.
The tariff fight between the world’s two largest economies escalated as President Trump tried to narrow his global trade war into a direct face off with Beijing.
Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports
Facing a global market meltdown, Trump abruptly backed off his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.
US wholesale inflation fell last month but trade war threatens to reverse that trend
U.S. wholesale prices fell last month in another sign that inflationary pressures are easing. But President Donald Trump’s trade wars cloud the outlook as new, punishing tariffs are launched by Beijing and Washington.
Trump trade war with China revives recession, bear market fears
President Donald Trump's trade war rattled global markets anew on Thursday as stocks and oil prices sank amid fears China may once again respond in kind with higher tariffs to match the latest levies imposed by the United States.
Oil settles down over 3% as investors reassess Trump's tariff flip
Oil prices settled more than $2 per barrel lower on Thursday, wiping out the last session's rally, as investors reassessed a planned pause in sweeping U.S. tariffs and focus shifted to a deepening trade war between Washington and Beijing.
Trump’s Tariffs: Has He Backed Down?
Trump hikes China tariffs to 125% while cutting others
Odessa American1d
Tariffs rattle American, global oil and gas markets
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
OilPrice.com8d
OPEC+ to Raise Oil Production by More Than Expected in May
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.
Crude oil prices could sink below $40 under ‘extreme’ conditions, predicts Goldman Sachs
Goldman Sachs Group Inc. — fresh from cutting oil forecasts twice in a week — said Brent has the outside potential to fall below $40 a barrel under “extreme” outcomes as the trade war flares and supplies rise.
The Edge Singapore4d
Goldman says oil could sink below US$40 under 'extreme' conditions
The global oil market has been rocked in recent sessions as the Trump administration’s escalation of the trade war
OilPrice.com4d
Reuters Survey Shows OPEC Output Down 110,000 Bpd in March
A Reuters survey on Monday showed OPEC oil output falling in March, driven primarily by drops in supply from Nigeria, Iran and Venezuela.
OPEC Struggles to Rein In Biggest Cheat Despite Saudi Arabia’s Scolding
Iraq, like the Kazakhs and other laggards, has pledged extra supply curbs as compensation for over-producing. Yet respected monitors like the International Energy Agency in Paris believe Iraqi output remains far higher than the country professes, with output of 4.3 million barrels a day in February — roughly 300,000 per day above its OPEC ceiling.
Geopolitical Futures2d
Oil in the Trade War
Immediately after U.S. President Donald Trump announced his slew of tariffs last week, OPEC+ members, led by Russia and Saudi Arabia, announced a
Rigzone4d
Oil Market Faces 'Quadruple Whammy'
These four key factors have driven the massive price drop over the last four trading days, said Ole R. Hvalbye, Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB).
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