As always with volatile markets, it’s important not to read too much into a single-day reversal. Source Tuesday’s rebound came after hitting four-year lows on Monday. The rally, driven by technical buying and bargain hunting, followed a selloff triggered by OPEC+’s decision to triple its production increase to 411,000 bpd in June. Traders capitalized on…
President Trump’s sweeping new tariffs are sending shockwaves through global markets, sparking concerns across industries—from tech to energy. Announced Wednesday, the new tariff package imposes a minimum 10% duty on all U.S. imports and much higher rates for countries with significant trade surpluses with the United States. China, facing a 54% tariff, is expected to…
OPEC+ cited a “healthier oil market outlook” when it announced this week that it would go ahead with the planned slight increase in production in April. The alliance is indeed the most bullish among forecasters and agencies, expecting global oil demand growth of 1.4 million barrels per day (bpd) for both 2025 and 2026. Yet,…
