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Oil News: Trade Talk Hopes and Iraq Cut Boost Crude Oil Futures Ahead of EIA Data
Crude oil futures rise 1% on bullish trade talk signals and Iraq's output cut plan, though IEA and OPEC demand downgrades keep oil outlook bearish.
European Commission to wean off Russian oil, gas imports after Trump criticism
The European Commission is expected to vote on a "comprehensive" strategy to cut off Russian oil and gas imports three years after the start of its war on Ukraine.
OPEC receives oil output compensation plans from eight countries
The Organization of the Petroleum Exporting Countries (OPEC) has received updated oil output compensation plans from eight countries that have exceeded voluntary production quotas within the OPEC+ group, it said on Wednesday.
Oil subdued as markets assess effects of trade war
Oil prices were flat early on Wednesday, as shifting U.S. trade policies fuelled uncertainty while markets assessed the potential impact of the U.S.-China trade war on economic growth and energy demand.
Oil Edges Higher; Dimming Prospects of Trade Deals May Weigh
Oil prices edged higher in the early Asian session on possible position adjustments.
Oil price drop turns up heat on emerging market crude exporters
A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers.
Oil giant BP is seen as a prime takeover target. Is a blockbuster mega-merger in the cards?
Oil giant BP, which holds its annual general meeting on Thursday, has recently sought to resolve something of an identity crisis by launching a fundamental reset. Britain's Shell and U.S. oil giants Exxon Mobil and Chevron have been touted as possible suitors.
Oil Rises, Aided by Hopes for More U.S. Exemptions on Tariffs
Oil rose in the early Asian session, aided by hopes for more U.S. tariff exemptions.
If OPEC does what they say they'll do, we could end up with $50 oil, says RBN Energy Chief Executive
RBN Energy Chief Executive Rusty Braziel joins 'Mad Money' host Jim Cramer to talk energy prices, recent OPEC announcements, natural gas, and more.
Crude Oil Price Outlook – Crude Continues to Build a Base
The oil markets look as if they are trying to figure out whether or not we just made a bottom. Remember, this is a process, and therefore it is likely that we will take some time in order to determine where to go next.
OPEC Cuts Oil Demand Outlook Amid U.S. Tariff Hit Despite Surprise Output Hike
The Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth just days after a surprise decision to boost output, citing the impact of U.S. tariffs on the global economy and crude consumption.
OPEC cuts 2025 global oil demand growth forecast, citing US tariffs
OPEC cut its 2025 global oil demand growth forecast on Monday, citing the impact of data received for the first quarter and trade tariffs announced by the U.S., and also reduced its global economic growth forecasts for this year and next.
