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Trump Wants to Supercharge Oil Supply. He Might Make a Bigger Impact on Demand.
Donald Trump declared an “energy emergency” on Monday and signed a flurry of related executive orders. Some are designed to boost oil drilling, and others rescind or stall clean energy rules from the Biden administration.
Oil ends lower as Trump’s output and tariffs plans fuel supply uncertainty
Oil futures ended lower on Tuesday as traders weighed prospects for crude supplies after President Donald Trump vowed to boost already record U.S. crude output, threatened to implement a steep tariff on Canadian imports and called for replenishing the Strategic Petroleum Reserve.
Oil falls as traders digest Trump tariff reprieve, stronger dollar
Oil prices fell on Tuesday as investors assessed U.S. President Donald Trump's plans to apply new tariffs later than expected while boosting oil and gas production in the United States. Brent crude futures were down $1.
U.S. crude oil falls as Trump weighs tariffs, aims to boost energy production
U.S. crude oil lost $1.99, or 2.56%, to close at $76.89 per barrel, while global benchmark Brent fell 86 cents, or 1.07%, to settle at $79.29 per barrel. Trump said after his inau
1d
Exclusive: Aramco chief expects additional oil demand of 1.3 million bpd this year
Saudi oil giant Aramco's Chief Executive Amin Nasser said on Tuesday he sees the oil market as healthy and expects an ...
Crude Oil Prices
1d
Saudi Aramco Sees Oil Demand Growth at 1.3 Million Bpd in 2025
Saudi Aramco's CEO expects global oil demand to grow by 1.3 million barrels per day in 2025, driven by robust economic growth ...
7d
on MSN
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...
1d
Palm oil prices to average higher in 2025 on Indonesia biodiesel demand: Reuters poll
Malaysian crude palm oil (CPO) futures are expected to average higher in 2025 than last year, as top producer Indonesia ...
10h
India’s oil demand likely to hit yet another record in 2025-26 as consumption of major fuels set to rise
The consumption growth is expected to be led by fuels and products like petrol, aviation turbine fuel (ATF), liquefied ...
Rigzone
2d
JP Morgan Analysts Say They Expect Oil Demand to Rebound in Coming Weeks
Looking forward, we expect oil demand to rebound in the coming weeks, averaging 101.4 million barrels per day'.
7h
Are ExxonMobil and Chevron the Best High-Yield Energy Stocks to Buy Now That Oil Just Topped $80 per Barrel?
In December, ExxonMobil updated its corporate plan, including new cost savings targets, earnings and cash-flow expectations, ...
7d
on MSN
IEA Cuts 2025 Oil Demand Growth Forecast Moderately
The International Energy Agency on Wednesday lowered its projection for 2025 oil demand growth though the organization said ...
2d
Gas Industry Races To Meet Demand Surge As Trump Assumes Office
The U.S. oil and gas industry is in the midst of a boom in natural gas demand as Donald Trump takes office as the nation's ...
Crude Oil Prices
2d
China's Oil Surplus Inched Higher in 2024
China's crude oil surplus grew significantly in 2024 due to stockpiling of discounted Russian oil, potentially mitigating the ...
Oil
7d
IEA: Global oil demand sharply increased in fourth-quarter 2024
Global oil demand posted an annual growth of 1.5 million b/d in the quarter, the strongest level since fourth-quarter 2023, ...
6d
2025 U.S. Oil Outlook: Don’t Count On A ‘Drill Baby Drill’ Mentality
Administrations can only do so much when it comes to global supply and demand dynamics, and there is probably going to be ...
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