On the London market, a barrel of oil was trading after noon at almost the same price as at the close of trade at the end of ...

OPEC Cuts Oil Demand Outlook Amid U.S. Tariff Hit Despite Output Hike The Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth just days after a surprise decision ...

OPEC on Monday cut its oil demand growth forecast for 2025 and 2026 as President Donald Trump's tariffs weigh on global economic growth. The cartel now sees demand for crude growing by 1.3 million ...

PARIS, France (AFP) — OPEC slightly lowered its forecast for oil demand growth on Monday, citing the impact of US tariffs on the world economy. The Saudi-led oil cartel said in a monthly report ...

The organisation of the Petroleum Exporting Countries (Opec) stressed that the UAE’s non-oil economy continued to exhibit a healthy growth dynamic, with the most recent data and economic indicators ...

The price of OPEC’s basket of twelve crudes fell to $66,25 a barrel on Monday, compared with $70,85 the previous Friday, according to OPEC Secretariat calculations. U.S. President Donald Trump ...

Another major Gulf oil producer, Kuwait, last month approved a financing and liquidity law that will allow OPEC’s fourth-largest producer to return to the debt market after eight years.

The day's agenda is packed with significant events, including the release of the OPEC Monthly Report and speeches from several Federal Reserve officials, which are likely to provide insights into oil ...

"They've definitely opened the door for the OPEC countries to gain market share here, and it's an inadvertent, self-inflicted wound," Patterson said. "It was counterintuitive for the ...

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 ...

And what will it all mean for global trade? The announced pause only applies to some of the new tariffs - taxes on imports - that Donald Trump announced on 2 April. The new minimum 10% tariff rate ...

Well, let's talk now about the kind of impact that these tariffs, threats, and changes mean for business directly. In the United States, the vast majority of shoes sold here are imported ...