Eight OPEC+ producers accelerate crude oil output hikes, oil drops

‘Hard to stomach’: Oil prices slump below Alberta’s budgeted barrel price amid economic uncertainty of Trump tariffs

As oil hits a low not seen in years, and stock markets sink in response to U.S. President Donald Trump's tariffs, experts and industry are bracing for what it might mean for Alberta and Albertans.

Brent Below $65: Who Stands Firm in the Oil Market?

(Analysis) The global oil market faces a stern challenge. Brent crude, the world’s pricing standard, has fallen 8% to $64.50 per barrel as of April 4, 2025, its lowest in four years, while America’s West Texas Intermediate (WTI) stands at $61.50. This decline, steeper since Brent’s $71.04 and WTI’s $68.26 on March 4, stems from […]

U.S. Oil Price Skids To 4-Year Low; Goldman Slashes Oil Outlook

Oil price could fall as low as $50 as Saudis launch price war. Gasoline prices set to be a bright spot in Trump's trade war. The post U.S. Oil Price Skids To 4-Year Low; Goldman Slashes Oil Outlook appeared first on Investor's Business Daily.

Steep drop in global crude prices drag down Canadian energy stocks

CALGARY - Fears of a tariff-driven recession has led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector's outlook should the weakness persist.

Donald Trump's tariff measures hit the oil market in an already oversupply situation. The first reaction was a significant drop in prices.

Shafaq News/ Oil prices continued to suffer losses in early Asian trading on Friday, heading towards their worst weekly performance in several months, against the backdrop of new tariffs imposed by US President Donald Trump, which raised fears of a global trade war that could affect oil demand. Brent crude futures fell 31 cents, or 0.4 percent, to $69.83 a barrel by 0157 GMT, while US West Texas Intermediate (WTI) crude futures fell 32 cents, or…