Monday, 5 May 2025 () U.S. crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven point of shale production, energy flows intelligence firm Kpler said on Monday. Oil prices have slipped by more than 15% since the beginning of April as the market fears recessions from the U.S. tariffs and oversupply from the aggressive production hikes from OPEC+. Prices dipped early on Monday after the OPEC+ group decided on Saturday to raise collective…
Amid intensifying trade tensions with the U.S., China has cut its crude oil imports from Washington by 90%, turning instead to Canada as a key supplier. Bloomberg reports record shipments from Canada's..
Oil prices have plunged to a four-year low, with Brent crude falling below $64 per barrel amid intensifying US-China trade tensions. The collapse follows Trump’s sweeping tariff move and China’s..
Monday, 5 May 2025 ()
![China Slashes U.S Oil by 90% Amid Trade War Blow, Turns to Canada for Record Crude Imports [Video]](https://video.newsserve.net/300/v/20250418/1408414140-China-Slashes-Oil-by-90-Amid.jpg)
![World at War After Trump Tariffs: Oil Prices Crash to 4 Year Low | Brent Sinks Below $64 [Video]](https://video.newsserve.net/300/v/20250407/1407378320-World-at-War-After-Trump-Tariffs-Oil-Prices.jpg)
