CORRECTED-Higher OPEC+ output, tariff uncertainty raising oil price volatility, EIA says
ReutersMay 6, 2025 5:59 PM
NEW YORK, May 6 (Reuters) - Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic impact of tariffs have raised short-term oil price volatility, the U.S. Energy Information Administration (EIA) said on Tuesday.
The agency lowered its oil price forecasts for this year and next year in its Short Term Energy Outlook series. It kept global oil output forecasts unchanged for 2025.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Google Cloud Revenue Surges 48% in Q4 as CapEx Guidance Nearly Doubles: Why the 7.5% After-Hours Dip?
TradingKey - After the close on February 4 (ET), Google (GOOG, GOOGL) released stellar Q4 results: total revenue grew 18% year-over-year, hitting a new quarterly record after revenue first surpassed $100 billion in Q3. The primary highlight was Google Cloud, where Q4 revenue surged 48% year-over-yeaTradingKey
Thu, Feb 5
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
