In April, Trump unveiled a tariff base rate of 10% on most countries, and additional duties ranging up to 50%, although he later delayed the effective date for all those except the 10% rate until July ...

Goldman Sachs anticipates that a group of eight OPEC+ member countries will raise their oil production quotas by 550,000 ...

Futures on Wall Street are trading with losses at the culmination of the long Independence Day weekend ahead of US President ...

Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.

“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Trump wrote on his Truth Social ...

Asian shares mostly fell Monday as the Trump administration stepped up pressure on trading partners to quickly make new deals before a Wednesday tariff deadline, with plans for the United States to ...

Oil prices dropped slightly on Monday after the OPEC+ group surprised markets by hiking output more than expected in August, ...

Crude oil futures were lower and OCBC said prices were expected to face further downward pressure in 2H following OPEC+’s announcement to quicken supply hikes.

OPEC+ jolted markets by announcing it would flood the market with more oil.

Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...