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Tag: global oil markets
Oil Markets on Edge: U.S.-China Trade Talks Signal Potential Shift in Global Energy Dynamics
U.S.-China Trade Talks: On May 9, 2025, global oil markets experienced a modest uptick, with Brent crude rising to $63.07 per barrel and U.S. West Texas Intermediate reaching $60.12 per barrel. This increase follows a 3% surge the previous day, primarily attributed to easing trade tensions between the United States and China, the world's two largest oil consumers. The anticipation of high-level trade discussions scheduled for May 10 in Switzerland between U.S. Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng has injected cautious optimism into the markets.
OPEC Output Expansion and U.S. Economic Policy: Navigating the Legal and Policy Implications of Global Energy Market Volatility
Introduction
In April 2025, the Organization of the Petroleum Exporting Countries and its allies (OPEC Output Expansion) announced a significant increase in oil production, adding...