Try GOLD - Free
Oil Market Outlook
Bangkok Post
|May 26, 2025
Oil prices fell as US President Donald Trump rattled markets with a new threat to impose a flat 50% tariff on European Union imports by June 1 if it does not improve its trade offers.
-
As well, Treasury Secretary Scott Bessent said countries that cannot reach trade deals with the US by July 9, the end of the 90-day moratorium, will be assigned tariff rates, adding to economic uncertainty.
Prices were supported by delayed progress in negotiations on a new Iranian nuclear deal, with the US insisting on reduced uranium enrichment levels. An agreement could lead to the lifting of sanctions on Iranian crude, adding to a market that is already becoming oversupplied and pushing down prices.
This story is from the May 26, 2025 edition of Bangkok Post.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Bangkok Post
Bangkok Post
WHERE THE STRUGGLE BEGINS
Palestine 36 is one of the most talked-about films at the Tokyo International Film Festival
5 mins
November 04, 2025
Bangkok Post
Regional banks struggle with personalisation
FICO survey reveals 'segment of one' customer experiences are a challenge
1 mins
November 04, 2025
Bangkok Post
Bills outlast Chiefs, Colts fall to Steelers
Josh Allen ran for two touchdowns and threw for another to spark the Buffalo Bills over Kansas City 28-21 on Sunday while the NFLbest Indianapolis Colts were upset at Pittsburgh.
2 mins
November 04, 2025
Bangkok Post
Bayern face acid test at rolling PSG
Bayern Munich's trip to holders Paris Saint-Germain in the Champions League tonight is a test to determine where they stand among the European elite this season.
2 mins
November 04, 2025
Bangkok Post
Pine Wealth touts lure of alternative investments
Pine Wealth Solutions Securities is highlighting alternative investments such as structured products as the next major investment trend, suggesting this is a strategically suitable move to help investors weather increasing volatility and stretched valuations in global markets.
1 mins
November 04, 2025
Bangkok Post
Raids 'not to harm SMEs'
The Public Health Ministry insisted last week's raids on four unauthorised sites producing Hong Thai inhalers were not intended to undermine smalland medium-sized enterprises, saying the operation was based on public health concerns.
1 min
November 04, 2025
Bangkok Post
Luxury condos experience growth as Bangkok demand surges
Despite the global economic slowdown, Bangkok's ultra-luxury condo market continues to grow, fuelled by sustained demand from Thailand's wealthy elite and foreign investors, according to property consultancy Colliers Thailand.
2 mins
November 04, 2025
Bangkok Post
ExxonMobil: EU law could cause exit from Europe
US energy giant ExxonMobil will not be able to continue doing business in the European Union if the bloc does not significantly loosen a sustainability law that would penalise companies with fines of 5% of global revenue, Chief Executive Darren Woods said yesterday.
1 mins
November 04, 2025
Bangkok Post
Dept monitors polio outbreak in Laos
The government is closely monitoring an outbreak of a rare strain of polio in Savannakhet province, Laos, in an effort to prevent cross-border transmission into the country through border provinces in the Northeast.
1 min
November 04, 2025
Bangkok Post
Milan deny Roma top spot in Italy
Strahinja Pavlovic scored the only goal as AC Milan edged Roma 1-0 to prevent the capital club from taking top spot in Serie A on Sunday, while Inter Milan needed a late own goal to beat Verona.
2 mins
November 04, 2025
Listen
Translate
Change font size