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Oil stable as tariff news, China data balanced by demand outlook cuts - REUTERS

APRIL 15, 2025

By 

Summary

  • Trump administration provides busy tariff news flow
  • IEA slashes oil demand forecast for this and next year
  • China imports more Iranian crude oil

LONDON, April 15 (Reuters) - Oil prices were broadly stable on Tuesday after new tariff exemptions floated by U.S. President Donald Trump and a rebound in China's oil imports were offset by the IEA following OPEC in cutting its oil demand forecast.
Brent crude futures were up 7 cents, or 0.1%, at $64.95 per barrel by 0813 GMT. U.S. West Texas Intermediate crude was also up 7 cents, or 0.1%, at $61.60.

Trump said he was considering a modification to the 25% tariffs imposed on foreign auto imports from Mexico and other places.

MARKET NEWS

April 15 Despite Decline, Nigeria's Oil Production Tops Africa's Chart in March - OPEC - DAILY TRUST April 15 Nigerians fear savings lost as investment app freezes them out - BBC April 15 Nigeria's annual inflation picks up to 24.23% in March - REUTERS April 15 Gold rises as investors seek safety amid uncertainty on Trump tariffs - REUTERS April 15 High UK visa costs deter international scientists and engineers - REUTERS April 15 Bank of Korea to hold rates at 2.75% on April 17, assessing trade impact: Reuters poll April 15 Canadians cutting spending, delaying purchases amid tariff turmoil: MNP survey April 15 U.S. economy is set to lose billions as foreign tourists stay away - BLOOMBERG April 15 Canada’s inflation in March surprisingly slows to 2.3%, core measures elevated - ... (read more) April 15 Euro zone industry grows more than expected in February - REUTERS April 15 ‘Everything is grinding to a halt’: China digs in after Trump shock - THE TELEGRAPH April 15 Oil prices may need to fall another 20% before a 'Trump put' stops this year's slide ... (read more) April 15 Argentina's peso: where's the currency headed after FX regime overhaul? - REUTERS April 15 Gold edges higher as traders react to expanding trade war - BLOOMBERG April 15 Darkness looms in Nigeria as GenCos threaten shutdown over unpaid N4tn debt - DAILY POST April 15 More than 60% of CEOs expect a recession in the next 6 months as tariff turmoil grows... (read more) April 15 Nigeria oil output drops to 1.4m in March, weakens 2025 budget April 15 Nigeria’s two busiest ports generate N1trn in Q1 amid operational hurdles - BUSINESSDAY April 15 Fuel subsidies gone, debt burden rises: Nigeria’s complex recovery - BUSINESS INSIDER April 15 Global investors dump US stocks at record pace, BofA survey says - REUTERS April 15 Banking recapitalisation will aid $1tr economy target, says CBN - THE NATION April 15 SEC warns public against ponzi schemes - THE NATION April 15 Oil prices dip after IEA cuts demand outlook - REUTERS April 15 Sterling edges up; UK data shows softer jobs market - REUTERS April 15 Investor makes £100k in a week after tariff-fuelled bet on gold - THE TELEGRAPH April 15 Goldman Sachs expects oil prices to decline through 2026 - REUTERS April 15 Declining oil output to hit Nigeria’s dollar earnings - BUSINESSDAY April 15 Oil stable as tariff news, China data balanced by demand outlook cuts - REUTERS April 15 Dollar wins reprieve from selling; investors yearn for tariff clarity - REUTERS April 15 South African rand recovers further on bets coalition will hold - REUTERS

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