For years, Texas drillers were riding high, helping make the U.S. the top oil producer in the world. They backed Trump for cutting red tape and boosting oil-friendly policies. But now? His trade war and new tariffs are rattling the market. Oil prices have dropped to around $57 a barrel—not nearly enough for many companies to turn a profit.

As President Donald Trump's latest tariffs weigh on growth outlooks, OPEC+ members unveiled plans for an output boost that outpaced expectations.

President Donald Trump's global trade war has created tumult in the oil market that Saudi Arabia did not seek, but can turn to its advantage even if its window for navigating a price war is narrow.

Inflation slowed in March as gasoline, used car prices dropped. Trump paused many of his largest tariffs for 90 days but others are taking effect.

OPEC’s planned production hikes could make a bad situation worse for oil. Natural gas stocks may fare much better.

The surprising decision of the Organization of the Petroleum Exporting Countries and allies to increase oil production by a hefty amount for May leaves the market better supplied over April-June. However,

OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to domestic refineries and Iranian and Venezuelan supply dropped on renewed U.S. attempts to curb the flows.

Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, Trump said.

With no human inhabitants, these island penguins are under 10 per cent tariffs amid the US's latest sweep of retaliatory taxes that have caused waves around the world.While these helpless penguins might bob and weave to find a response to the sudden and unexpected tax measures,

President Trump’s sweeping tariffs combined with OPEC’s unexpectedly large production hike are combining to trigger a “double whammy” on the oil and gas sector, resulting in crude prices tumbling and fears rising of lower energy demand in an economic slowdown.

Wall Street stocks tumbled on Thursday on mounting worries over the economic impact of U.S. President Donald Trump's multi-front tariff war.