Oil Majors Suffering From OPEC+ Output Hike, Not From U.S. Tariffs, Eni Exec Says
CERNOBBIO, Italy, April 4 (Reuters) – Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a…
Trump Tariffs Poised to Exacerbate Woes of Ailing Petchems Sector
By (Reuters) – Sweeping new U.S. import tariffs threaten to further erode demand for global petrochemical producers and accelerate capacity cuts in an industry plagued by weak margins, industry officials…
Brookfield to Buy Colonial Pipeline for About $9 Billion, Including Debt
Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday. The deal…
Goldman Cuts Oil Price Forecasts Amid Tariff Fears, Higher OPEC+ Supply
The Wall Street brokerage also chopped its 2026 average price forecast for Brent by 9% to $62 and for WTI by 6.3% to $59, and warned that the new estimates…
