
US Tariffs Ignite Energy Crisis: Trade War Dilemma
New US tariffs spark an energy crisis, threatening oil production and renewable investment, warns Wood Mackenzie analysis.
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New US tariffs spark an energy crisis, threatening oil production and renewable investment, warns Wood Mackenzie analysis.
OPEC+ increases July oil production by 411k bpd to reclaim market share, shifting focus to volume over price.
A fire erupted at Ecuador’s largest oil refinery in Esmeraldas on May 26, triggering an evacuation and heroic efforts to control the blaze.
China will cut gasoline and diesel prices to reflect international oil market changes, ensuring stable supply and market order.
Trump admin re-imposes sanctions and tariffs on Venezuela’s oil and gas, sparking a heated economic clash with global implications.
US President Trump threatens tariffs on countries buying Venezuelan oil, risking further strain on Venezuela’s fragile economy and the global oil trade.