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Gas Prices Are Heading Below $3 a Gallon. Why That's Not Actually a Good Thing.
Trump once again pressures Iran through the Houthis' attacks, causing a short-term spike in international oil prices.
① The President of the USA, Trump, stated that any further attacks or reprisals by the Houthi armed group will be met with strong retaliation, and the USA will also hold Iran accountable for any future attacks by the Houthi armed group; ② As a result of this news, international oil prices surged in the short term, and Trump has reimposed "maximum pressure" on Iran, aiming to reduce Iran's oil exports.
Oil Isn't Going Anywhere. Here's Why.
IEA monthly report: Trade conflicts weaken oil demand, while OPEC+ increases supply.
The IEA stated that this year, Global oil supply could exceed demand by about 0.6 million barrels per day, and last week's OPEC+ decision to start increasing oil supply might add another surplus of 0.4 million barrels per day. The IEA has lowered its forecast for Global oil demand growth in 2025 to 1.03 million barrels per day and warned that trade conflicts could further worsen the market outlook.
OPEC Maintains Oil Demand Growth Outlooks, Flags Rising Tariff Uncertainty
US Total Crude Oil Stocks Rise in Week Ended March 7
