Slumping Oil Prices Reflect Intensifying Economic Worries
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — were weighing on the market.
It Is Happening Every Day, Every Where
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — were weighing on the market.
Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a sharp fall in prices.
President Trump said he could impose tariffs on nations that buy oil from Russia if it thwarts negotiations for a peace deal in Ukraine. He suggested the same step was possible for Iran.
As ExxonMobil produces oil offshore in Guyana, Venezuela has asserted claims to a large region of the country, recently sending a naval vessel into the waters.
A conservative group is suing for emails of a law professor who helped create legislation to force oil, gas and coal companies to pay for climate damage.
A four-term Democratic senator from Louisiana, he pushed for nuclear power and ending the nation’s reliance on foreign oil.
Tariffs, tax credits and deregulation are among the industry’s top priorities.
President Trump rallied support for Elon Musk’s car company, but there may not be enough conservatives willing to buy electric cars to make up for the Democrats who now shun Teslas.
Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.
The German luxury carmaker said its latest compact sedan solved problems that had kept people from buying electric vehicles.