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The discoveries include six fields and two reservoirs of Arabian oil, as well as two fields and four reservoirs of natural gas
This initiative aims to boost Yasref's capabilities and global standing in the petrochemical sector
Trump signed an executive order raising tariffs on China by 50 percent, escalating tensions significantly
OPEC+ postponed output increases until April and extended cuts unwinding to the end of 2026
Markets worry Trump's tariffs will hinder global economic growth and negatively impact oil demand
Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand
OPEC+ now aims to return 411,000 barrels per day to the market in May, up from 135,000 bpd as initially planned
Imports of oil, gas and refined products were exempted from the new tariffs, the White House said
Traders raised oil's risk premium, anticipating supply disruptions from Trump's actions and policies
Tariffs that increase vehicle prices may suppress auto sales and, consequently, the demand for oil products
U.S. dollar gained 0.13 percent to 104.32, making bullion less attractive for other currency holders
OPEC+ ready to move forward with scheduled output increase in May
