Oil Prices Drop on Trump's First Day in Office

Crude Oil News

Oil Prices Drop on Trump's First Day in Office
Oil PricesTrumpGeopolitics
  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 23 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 68%

Oil was under pressure on Tuesday morning as Donald Trump started his first day in office, with bearish sentiment outweighing bullish his promises.

Oil prices dropped ahead of Donald Trump 's first day back in office, with expectations of a stronger dollar and a delay to his tariff threats both boosted bearish sentiment.- On his first day in office, US President Donald Trump signed an executive order to withdraw from the Paris Climate Agreement and instructed the Energy Department to lift the government freeze on new LNG export permit applications.

6 million b/d, the pre-2011 Civil War target level, pinning great hopes on Tripoli's upcoming onshore licensing round.Iraq Tries One Last Time to Restart Flows. The finance committee of Iraq's federal parliament has approved a 2025 budget amendment that would allow Baghdad to pay $16 per barrel for crude produced in Kurdistan, paving the way for a potential settlement with the breakaway region.Canada Mulls Expansion of TMX Capacity.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

OilandEnergy /  🏆 34. in UK

Oil Prices Trump Geopolitics Tariffs Energy

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banks Predict Oil Prices Drop, Despite Potential US Production SlowdownBanks Predict Oil Prices Drop, Despite Potential US Production SlowdownA survey by Haynes Boone LLC reveals banks anticipate oil prices falling below $60 a barrel by mid-2027. Despite this prediction, Standard Chartered analysts project a continued slowdown in US oil production growth, suggesting a limited supply glut.
Read more »

Diamondback Energy Sees Lower Oil Prices, Higher Natural Gas Prices in Q4Diamondback Energy Sees Lower Oil Prices, Higher Natural Gas Prices in Q4Diamondback Energy reported lower oil prices and higher natural gas prices in the fourth quarter of 2023. The company's average realized crude oil price fell to $69.48 per barrel from $73.13 per barrel in the third quarter, while the average realized natural gas price surged by approximately 30%. Diamondback, like other shale majors, is looking to capitalize on the anticipated increase in natural gas demand driven by the growth of artificial intelligence (AI).
Read more »

Crude Oil Prices Remain Stable Despite Predictions of Lower PricesCrude Oil Prices Remain Stable Despite Predictions of Lower PricesCrude oil prices stabilized today following a dip on Tuesday after the release of the Energy Information Administration's (EIA) latest Short-Term Energy Outlook. The EIA predicted lower oil prices for this year and next, citing expectations of increased production from both OPEC and non-OPEC countries. While Brent crude and West Texas Intermediate initially dipped, they later rebounded, with Brent crude exceeding $80 per barrel and WTI approaching $79 per barrel. The EIA forecasts global oil production to increase by 1.8 million barrels daily this year and another 1.5 million barrels daily in 2026. However, the agency also predicts that oil consumption will grow at a slower rate, potentially impacting price stability.
Read more »

Trump's 'Drill, Baby, Drill' Agenda Faces Headwinds from Declining Oil Prices and Industry ShiftsTrump's 'Drill, Baby, Drill' Agenda Faces Headwinds from Declining Oil Prices and Industry ShiftsDespite President-elect Trump's campaign promise to ramp up U.S. shale oil production, several factors, including declining oil prices and a shift towards shareholder returns in the industry, are likely to limit the extent of production growth.
Read more »

Oil Prices Rise at the Start of 2025 as Demand Optimism PrevailsOil Prices Rise at the Start of 2025 as Demand Optimism PrevailsOil prices rose on the first trading day of 2025 on positive economic signals from China and the US, suggesting a potential recovery from the 2024 decline.
Read more »

Asda Cuts Prices on Thousands of Products in 'Big Jan Price Drop'Asda Cuts Prices on Thousands of Products in 'Big Jan Price Drop'Asda launches 'Big Jan Price Drop' to help customers with cost of living, cutting prices on popular brands and own-brand items by an average of 26%.
Read more »



Render Time: 2025-02-19 17:12:42