United States Brent Oil F... (BNO)

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 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.

British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process with support from the wider board.

Goldman Sachs lowered its forecast for Brent crude's average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the global trade war...

Oil edged lower in the morning Asian session, weighed by U.S. tariffs and OPEC+'s supply increase.

Oil's sharp decline triggered a bearish weekly signal, with sellers in control. Fibonacci support at $66.20 may indicate a short-term floor before further moves.

OPEC+ decision to boost production in May put additional pressure on markets.