Economy News

Economy

US Crude Oil Inventories Surge: A 2.6M Barrel Increase Sparks Market Interest

The US commercial crude oil inventories increased by 2.6 million barrels to 442.3 million barrels, with levels 5% below the five-year average. Refinery operations and crude imports...

Economy

US Economy on the Brink: 70% Chance of Recession in 2025 Amid Rising Trade War Tensions

The odds of a US recession in 2025 have dramatically increased to 70%, driven by President Trump's new tariffs and the resulting global trade war tensions, raising fears over econo...

Economy

US Crude Oil Inventories Surge by 2.6M Barrels, Refining Rates and Imports Shift

The EIA reported a 2.6 million barrel increase in US commercial crude oil inventories to 442.3 million barrels for the week ending April 4. Refinery inputs rose slightly, while gas...

Economy

US Economy on the Brink: 70% Chance of Recession in 2025 Amid Rising Trade War Tensions

The odds of a US recession in 2025 have jumped to 70%, up from 20% in January, due to escalating trade war fears sparked by President Trump's new tariffs and retaliatory measures f...

Economy

China Warns Citizens Against US Travel Amid Rising Tariffs and Security Concerns

China's Ministry of Culture and Tourism warns its citizens about traveling to the US due to deteriorating economic relations and security concerns, alongside announcing increased t...

Economy

Trump Administration Reconsiders High Port Fees on Chinese-Made Ships Amid Trade Concerns

The Trump administration is reconsidering its plan to impose high port fees on Chinese-made ships, shifting to a vessel capacity-based fee to lessen the impact on U.S. exports, wit...

Economy

BoE Warns of Escalating Global Economic Uncertainty Amid Trump's Tariffs Impact

The Bank of England reports increased global economic uncertainty due to Trump's tariffs, warning of higher inflation risks and projecting a 3.75% inflation rate by Q3 2025. The UK...

Economy

EU Strikes Back: Imposes €21 Billion Tariffs on US Imports Starting April 15

The European Commission has voted to impose €21 billion in tariffs on US imports starting April 15, in response to US tariffs deemed unjustified. The EU seeks a negotiated solution...