OPEC+
U.S. President Donald Trump's tariffs will remain in effect after a federal appeals court temporarily reinstated them
Current production levels will remain in place through the end of December 2026, ensuring stability
Oil prices climbed after a U.S. trade court ruled on Wednesday that Trump overstepped his authority by imposing global tariffs
Investors weigh supply risks after U.S. bars Chevron from exporting Venezuelan crude oil under new authorization
Market anticipates OPEC+ decision on increased crude oil output, affecting global prices
Trump's deadline extension for EU trade talks aims to alleviate concerns about tariffs and fuel demand
Brent was down 2 percent so far this week, while WTI was 2.7 percent lower
Both Brent and WTI were up 1 percent so far this week after a surge earlier in the week
The International Energy Agency (IEA) expects global oil stocks to rise by over 700,000 b/d across the year
U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.
Chinese Vice Premier He Lifeng said a U.S.-China joint statement would be released on Monday
