Oil prices slipped on Wednesday, dragged down by persistent concerns over a global supply glut. Heightening market unease, escalating US-China trade tensions added further strain, Reuters reports. Investors are proceeding with caution as demand forecasts remain uncertain
In a bold economic move, former President Donald Trump proposed a 25% tariff on countries that purchase oil and gas from Venezuela. The policy aims to pressure the Maduro regime while altering global energy dynamics amid ongoing sanctions.
In a recent call to action, energy CEOs urged the Canadian government to fast-track new pipeline projects. They argue that accelerated development is crucial for enhancing energy security and meeting growing demand while bolstering economic growth.
Oil prices remain steady as market participants monitor rising demand from China amid ongoing geopolitical tensions. This delicate balance between supply concerns and economic recovery signals a pivotal moment for energy markets.
