President Trump’s tariffs have raised fears of a recession just as projections for global oil supply have jumped.

Crude oil inventories in the United States saw a large increase of 6.2 million ... Distillate inventories are now 6% below the five-year average for this time of year. Total products supplied ...

Oil prices experienced a sharp decline this week due to the announcement of U.S. tariffs on trade partners and OPEC+'s ...

New Mexico, the second-largest oil producer in the U.S., also posted its largest monthly output decline in a year. Crude oil output from the southwestern state fell 53,000 bpd to 2.06 million bpd ...

That was the biggest decline in monthly U.S. oil output since January last year, the data showed. The EIA also lowered its estimate of record U.S. oil production in December by about 40,000 bpd to ...