Sunday, 17 Aug 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Subscribe
Brinks Report
  • Featured
  • Money Matters
  • Business
  • IPL
  • Technology
  • Automobile
  • Entertainment
  • Sports
  • More
    • People
    • World
    • Health and Wellness
    • Horoscope
  • Today’s News
  • 🔥
  • World
  • Business
  • Economy
  • Technology
  • Automobile
  • Entertainment
  • People
  • Sports
  • India
  • IPL
Font ResizerAa
Brinks ReportBrinks Report
Search
  • Featured
  • Money Matters
  • Business
  • IPL
  • Technology
  • Automobile
  • Entertainment
  • Sports
  • More
    • People
    • World
    • Health and Wellness
    • Horoscope
  • Today’s News
Have an existing account? Sign In
Follow US
© 2024-2025 Brinks Report. All content, including text, images, and other media, is copyrighted.
Brinks Report > Blog > Business > U.S. Tariffs Spark Fifth-Day Oil Rally—Will OPEC+ Intervene?
Business

U.S. Tariffs Spark Fifth-Day Oil Rally—Will OPEC+ Intervene?

Dolon Mondal
Last updated: March 25, 2025 4:41 pm
Dolon Mondal
Share
U. S. Tariffs spark fifth-day oil rally—will opec+ intervene?
SHARE
Trulli

Will U.S. tariffs on Venezuela tighten global oil supply, or will OPEC+ step in to balance the market?

Why Are Oil Prices Climbing?

Oil prices have risen for the fifth straight day as traders worry about tighter global supply. The U.S. recently announced a 25% tariff on countries buying Venezuelan crude, a move that could slash exports from Venezuela—a major oil producer.

The Impact of U.S. Tariffs

President Donald Trump’s new tariffs target nations importing Venezuelan oil, with China being the biggest buyer. Since Venezuela relies heavily on oil exports, these tariffs could cut its production by 200,000 barrels per day, according to analysts.

Trulli

Meanwhile, Chevron, a major U.S. oil company, was given until May 27 to wind down operations in Venezuela. If Chevron leaves, it could further reduce the country’s output.

Also Read: U.S. Threatens India With Tariffs Over Venezuelan Oil—Will Modi Back Down?

OPEC+ Plans to Increase Production

While supply concerns push prices up, OPEC+ (a group including Russia and other oil-producing nations) plans to raise output in May. This could balance the market and limit price gains.

What’s Next for Oil Markets?

With new U.S. sanctions on Iranian oil and potential auto tariffs looming, traders are watching closely. Will supply shrink further, or will OPEC+ keep prices in check? For now, oil remains on an upward trend.

Brent crude rose 0.6% to $73.46 per barrel, while U.S. West Texas Intermediate (WTI) climbed to $69.52 per barrel

Also Read: Trump’s Oil Tariffs Spark Global Energy Crisis—India & China Scramble

Image Slider
Image 1 Image 2 Image 3
TAGGED:Brent crudeglobal oil supplyOil pricesOPEC+U.S. tariffsVenezuela tariffs
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
What do you think?
Love0
Sad0
Happy0
Joy0
Sleepy0
Angry0
Surprise0
Previous Article Project sunrise delayed but not grounded: qantas confirms 2027 launch Project Sunrise Delayed But Not Grounded: Qantas Confirms 2027 Launch
Next Article Blind runner defies sleep, scales mountain 19 times in 46-hour everest feat Blind Runner Defies Sleep, Scales Mountain 19 Times in 46-Hour Everest Feat
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Brink’s Report delivers fresh, unbiased, and engaging content across politics, business, tech, entertainment, and more. From breaking news to deep dives, we keep you informed—and intrigued—with accurate reporting and diverse perspectives. Explore the world, one story at a time.
FacebookLike
XFollow
RSS FeedFollow
Ad image

You Might Also Like

Website image 2025 07 31t161137. 029
BusinessEconomy

HUL Q1 FY25: Net Profit Rises 5.97% to ₹2,768 Cr, Revenue Grows 5.15%

By
Ankita Das
Openai
Business

Why Is Delaware Bringing in a Bank to Watch OpenAI? The Truth Might Shock You

By
Dolon Mondal
Emirates nbd
Business

Emirates NBD’s Surprise $7 Billion Offer for IDBI: Smart Play or Risky Gamble?

By
Dolon Mondal
Spicejet
Business

SpiceJet Q4 Profit Soars 12x to Rs 319 Crore; First Net Gain Since FY18!

By
Dolon Mondal
Ad image

About US


Brink’s Report delivers fresh, unbiased, and engaging content across politics, business, tech, entertainment, and more. From breaking news to deep dives, we keep you informed—and intrigued—with accurate reporting and diverse perspectives. Explore the world, one story at a time.

Top Categories
  • World
  • Business
  • Economy
  • Technology
Usefull Links
  • Contact Us
  • About Us
  • Privacy Policy
  • DMCA

© 2024-2025 Brinks Report. All content, including text, images, and other media, is copyrighted.