CNBC's Pippa Stevens joins 'Squawk on the Street' to discuss what's driving energy prices.
President Trump's tariffs have raised fears of a recession just as projections for global oil supply have jumped.
OPEC has a number of options at its disposal if oil markets sink further, says Saul Kavonic, head of energy research at MST Marquee.
Oil prices have fallen to a four-year low due to a surprise output increase by OPEC+ and escalating global trade war. Brent prices are down 13% in two days - heading below $65 a barrel.
The crude oil market has fallen hard again on Friday, as the markets continue to look at the very real possibility of a global recession in the near future. With this, the market has broken a major th
Fears that President Trump's tariffs could slash global economic growth — and demand for oil as a result — were weighing on the market.
Crude dives 8% as U.S.-China tariff war escalates; rising OPEC output and weak demand weigh on the oil outlook amid growing recession fears.
Oil prices continued to fall on Friday, extending Thursday's sharp drop. Brent crude, the international benchmark, traded at its lowest level in more than three years, below $65 a barrel, a fall of al
Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni's top executi
The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump's sweeping and market-hammering tariff announcements. Markets were therefore stunned when OPEC
The Food and Agriculture Organization index was broadly unchanged on February's level but remains up 6.9% on year.
The British energy company said Lund is likely to step down sometime next year, as activist investor Elliott Management pushes for changes at the British oil major.
OPEC+ surprises with a 411,000 bpd output hike, pushing WTI oil near $66 and raising fears of weak global demand and trade-driven economic slowdown.

Oil Prices: OPEC+ Announcement Stuns Market

02:55am, Friday, 04'th Apr 2025
The OPEC+ alliance will increase supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices to punish the group's cheats. Crude was alrea
British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process with support from the wider board.
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