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Denver, United States

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Top Oil & Gas 360 News

Oil Prices Plunge on U.S.-China Trade War Tit-for-Tat

Trade War · United States

Oil Prices Plunge on U.S.-China Trade War Tit-for-Tat

67% Center coverage: 3 sources

Oil prices dropped significantly due to escalating trade tensions between the United States and China, fueled by new sanctions and export controls, raising concerns about the global economy and oil demand.See the Story

Fed's Bowman Sees 2 More Interest Rate Cuts This Year

Economy · United States

Fed's Bowman Sees 2 More Interest Rate Cuts This Year

100% Right coverage: 2 sources

(BOE Report)– Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will deliver interest rate cuts at its final two policy meetings of 2025. “I continue to see two more cuts before the end of this year,” Bowman said at an event in Washington. The Fed last month cut its benchmark interest rate by a quarter of a percentage point to the 4.00%-4.25% range, its first reduction in borrowing co…See the Story

Tanker Bound for China Diverted After U.S. Sanctions Hit Rizhao Port

Sanctions · Rizhao

Tanker Bound for China Diverted After U.S. Sanctions Hit Rizhao Port

100% Center coverage: 1 sources

A Very Large Crude Carrier heading for the Chinese port of Rizhao has been diverted to another port, after the U.S. Treasury imposed sanctions on the Rizhao oil terminal as part of a new pressure campaign on China for its purchases of Iranian crude. Washington announced the new sanctions at the end of last week, targeting more than 100 individuals, tankers, and an independent refiner, along with the Rizhao Shihua Crude Oil Terminal. “The Treasur…See the Story

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