Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.

President Trump’s tariffs have raised fears of a recession just as projections for global oil supply have jumped.

OPEC+’s announcement comes just one day after President Donald Trump announced sweeping tariffs on dozens of countries.

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million ...

Earlier this year, the Russian central bank warned that the United States and OPEC could flood the oil market. In the 1980s, the oversupply and weak demand of oil caused a price collapse ...

Vessels carrying Venezuelan crude chartered by Chevron are stalled due to cancellation of their export authorizations after the U.S. imposed secondary tariffs.

The production increases are also "an example of OPEC increasing their market share," Kavonic said, adding that it "ultimately does come at the expense of the United States [shale] patch," which U ...

OPEC said in a statement that Saudi Arabia ... end the war in Ukraine and improve relations between Russia and the United States. World News // 16 hours ago Prada purchases Versace in $1.4 ...

Stock markets around the world extended losses for a second day on Friday on fears U.S. President Donald Trump's broad ...