Oil under $65 a boon for consumers, but a burden on producers

Tariffs and Turmoil Undermine Trump's Oil and Gas Promises

Trump’s aggressive pro-oil agenda is faltering as trade war uncertainty and erratic policymaking alienate energy companies and deter investment.

Donald Trump has promised the US an oil boom. An eyewitness in Oklahoma shows that it has so far failed.

Less than $65 per barrel: while the fall in oil prices in recent times is reshaping the world's economic balance, it is also giving consumers a little bit of oxygen.

Oil under $65 a boon for consumers, but a burden on producers

US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by OPEC+ to hike crude output quotas have oil prices trading at lows not seen since the Covid pandemic.

Oil Under $65 A Boon For Consumers, But Burden On Producers - Latest Nigerian News and Entertainment

Latest Nigerian News and Entertainment - Latest Nigerian News and Entertainment US President Donald Trump’s tariffs, his call to drill baby drill and especially a decision by OPEC+ to hike crude output quotas have oil prices trading at lows not seen since the Covid pandemic. That is good news for consumers but not so much for producers, analysts say. A barrel of Brent North Sea crude, […] The post Oil Under $65 A Boon For Consumers, But Burden O…

With the trade war, Donald Trump's call to "drill all-va" and above all the increase in quotas of the Opep+ – the last announced on Saturday –, oil stagnates at a lower level since the pandemic. Positive for consumers, much less for producers. Brent's barrel now trades under the $65 mark, which is the ...