After crude prices fell about 11% last week, the April 7 losses put both benchmarks on track for their lowest closes since mid-April 2021.
From an upside perspective – a favorable resolution of the tariffs will push the price of Brent crude to $75 and the price of WTI to $70.
Investment bank JPMorgan said it now sees a 60% chance of a global economic recession by year-end, up from 40% previously.
Sanctions, tariffs and production strategies are buffeting crude markets as wild cards like tariffs and geopolitical conflicts make headlines.
U.S. futures rose by a dollar and then turned negative over the course of Trump's press conference on April 2 in which he announced tariffs on trading partners including the European Union, China and South Korea.
Here’s a roundup of the latest E&P headlines, from a big CNOOC discovery in the South China Sea to Shell’s development offshore Brazil.
For the upcoming week, Stratas Advisors predict that the price of Brent crude will move sideways and struggle amid concerns and uncertainties about the impact of the tariffs imposed by the Trump Administration.
The 3.1-sq-m module was made with perovskite/silicon tandem solar cells, Trinasolar says.
Here is a look at some of this week’s renewable energy news, including another record for renewables power capacity growth.
Natural gas will play a key role in feeding energy to tech providers like Microsoft Corp. as China innovates in the AI arms race at breakneck speed, Interior Secretary Doug Burgum said at CERAWeek by S&P Global.