Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets

Oil prices crumble as Saudi Arabia throws in the towel on restricting supply

Crude prices take a double whammy hit as Opec+ increases production and Trump's tariffs stoke recession fears

Oil prices drop to lowest levels in three years - Washington Examiner

Analysts have indicated that the escalating conflict between the U.S. and foreign nations over tariffs is further propelling the market to a global trade war.

The US-China trade war, as Beijing responded to Trump's tariffs, the prospect of a global economic recession and increased production by OPEC+ caused an earthquake in the black gold markets.

Are Tariffs About to Slam the Brakes on Oil Demand?

WTI crude came under heavy selling pressure Thursday after the U.S. rolled out a sweeping tariff package that sparked immediate fears of slower global growth and weaker oil demand. Traders weren’t reacting to the direct impact on crude—oil and refined products were excluded—but to the ripple effect across the broader economy. A 10% minimum import tariff on nearly all goods landed like a hammer. It raised the prospect of retaliatory moves, costli…

Analysis: OPEC+ accelerates supply hike to preserve unity

Amena’s viewOPEC+ delivered a surprise to oil markets on Thursday, nearly tripling the pace of unwinding of voluntary cuts, and announcing the plan just as US President Donald Trump rolled out sweeping tariffs. Oil slumped, stocks plummeted, and fresh concerns were raised about global economic growth.Yet none of these factors were the main driver behind the decision. The real reason: the group’s internal politics.Members that have been adhering …

Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets

Markets were stunned when OPEC+ when chose not only to go ahead with its plans to raise oil production, but also to nearly triple the expected increase figure.