Donald Trump's aggressive tariffs on imports may send energy prices sharply lower in the next two years, Dow Jones reports. The tariffs imposed would hurt the biggest demand parties in the Oil market, such as China and India.
Russia’s seaborne crude exports rebounded in the latest week, with a jump in cargoes from the Arctic region helping to stabilize the four-week average, Bloomberg reports.
The monthly OPEC report came in as expected, not bearing many new elements. The main takeaway is that OPEC has revised its global Oil demand downwards for the fourth month in a row.
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