{"id":112367,"date":"2025-02-28T11:07:29","date_gmt":"2025-02-28T07:07:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112367"},"modified":"2025-02-28T11:07:32","modified_gmt":"2025-02-28T07:07:32","slug":"oil-prices-decline-amid-tariff-uncertainty-and-russia-ukraine-peace-talks","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-decline-amid-tariff-uncertainty-and-russia-ukraine-peace-talks\/02\/28\/market-updates\/","title":{"rendered":"Oil Prices Decline Amid Tariff Uncertainty and Russia-Ukraine Peace Talks"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Oil prices fell in Asian trading on Friday<\/strong>, extending their <strong>monthly losses<\/strong> as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Concerns over U.S. trade tariffs<\/strong> weighed on global demand.<\/li>\n\n\n\n<li><strong>Hopes for a Russia-Ukraine peace deal<\/strong> raised the prospect of lifted sanctions and increased oil supply.<\/li>\n<\/ul>\n\n\n\n<p>At <strong>21:38 ET (02:38 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent crude futures<\/strong> dropped <strong>0.4% to $73.30 per barrel<\/strong>.<\/li>\n\n\n\n<li><strong>West Texas Intermediate (WTI) crude<\/strong> slipped <strong>0.4% to $69.70 per barrel<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Biggest Monthly Drop in Six Months<\/strong><\/h3>\n\n\n\n<p>Both contracts, set to <strong>expire in April<\/strong>, are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Down over 3% this month<\/strong>, marking their <strong>worst monthly decline since September<\/strong>.<\/li>\n\n\n\n<li><strong>On track for their first monthly loss in three months<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trump\u2019s Policies Add to Supply Disruptions<\/strong><\/h3>\n\n\n\n<p>President <strong>Donald Trump\u2019s recent actions<\/strong> have added further pressure to oil markets:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Revoking Chevron\u2019s Venezuela license<\/strong> on Wednesday, halting <strong>U.S. imports of Venezuelan crude<\/strong> (previously averaging <strong>270,000 barrels per day<\/strong> this year).<\/li>\n\n\n\n<li><strong>Reinstating the &#8220;maximum pressure&#8221; campaign on Iran<\/strong>, aiming to <strong>reduce Iran\u2019s oil exports to zero<\/strong> by targeting:\n<ul class=\"wp-block-list\">\n<li><strong>Brokers<\/strong><\/li>\n\n\n\n<li><strong>Tanker operators<\/strong><\/li>\n\n\n\n<li><strong>Shipping companies<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>OPEC+ Divided Over April Output Plans<\/strong><\/h3>\n\n\n\n<p>The <strong>Organization of the Petroleum Exporting Countries and its allies (OPEC+)<\/strong> are currently:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Debating whether to proceed with a planned output increase in April 2025<\/strong>.<\/li>\n\n\n\n<li><strong>Maintaining an existing output cut of 5.85 million barrels per day<\/strong>, with internal disagreements over supply adjustments.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Russia-Ukraine Peace Talks Could Pressure Oil Prices<\/strong><\/h3>\n\n\n\n<p>Hopes for a <strong>peace agreement between Russia and Ukraine<\/strong> could:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lead to the lifting of sanctions on Russia<\/strong>.<\/li>\n\n\n\n<li><strong>Boost global oil supply<\/strong>, potentially driving prices lower.<\/li>\n<\/ul>\n\n\n\n<p>Despite <strong>supply risks from Venezuela and Iran<\/strong>, the <strong>uncertainty surrounding trade policies and geopolitical developments<\/strong> continues to <strong>weigh on oil markets<\/strong>, driving volatility into April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell in Asian trading on Friday, extending their monthly losses as: Concerns over U.S. trade tariffs weighed on global demand. Hopes for a Russia-Ukraine peace deal raised the prospect of lifted sanctions and increased oil supply. At 21:38 ET (02:38 GMT): Brent crude futures dropped 0.4% to $73.30 per barrel. West Texas Intermediate &hellip;<\/p>\n","protected":false},"author":9,"featured_media":103776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6936,6875,7534],"class_list":["post-112367","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil-prices","tag-russia","tag-sanctions"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=112367"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112367\/revisions"}],"predecessor-version":[{"id":112368,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112367\/revisions\/112368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103776"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}