Oil prices held steady on Tuesday after rising in the previous session as the U.S. imposed new sanctions on Iran, raising supply concerns, while traders also weighed the impact of tariffs.

The U.S. president’s threat of slapping tariffs on major trading partners continues to rattle a crude market searching for clues on the direction of travel.

President Trump's push for lower energy costs by increasing oil production may inadvertently raise prices, experts caution.

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to impact economic growth.

To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.

The Trump administration is fully engaged in a drive to eliminate virtually any government activity or mention related to climate change—with a few notable exceptions. Take, for example, a single tax credit in Joe Biden’s signature climate law that may have the best chance of survival out of any climate-coded policy.

President Donald Trump’s energy and trade policies ... at a record 13.46 million barrels per day. At Davos, Trump challenged OPEC to lower oil prices by increasing production, warning that ...

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market fundamentals and not political considerations.

ORGANIZATION of the Petroleum Exporting Countries (Opec) warned that President Donald Trump’s trade policies risk stoking volatility in global markets. Read more at The Business Times.