HomeOil and GasOil Sinks 8% on China Tariffs, Recession Fears Mount Oil and Gas Oil Sinks 8% on China Tariffs, Recession Fears Mount By Energy Jobline April 5, 2025 0 340 Share FacebookTwitterWhatsAppLinkedinReddItEmail Oil prices plunged nearly 8% as China announced sweeping tariffs on U.S. goods, fueling global recession fears and rattling energy markets. Brent and WTI hit four-year lows amid escalating trade tensions and OPEC+ supply moves. Related TagsOIL Share FacebookTwitterWhatsAppLinkedinReddItEmail Previous articleArgentina Opens $1.4 Billion, 326-Mile Pipeline to Double Oil Export CapacityNext articlePanama Canal to Open Bidding for New LPG Pipeline Project Energy Joblinehttps://news.energyjobline.com RELATED ARTICLES Oil and Gas U.S. natural gas falls 3% to two-month low on milder weather forecasts October 24, 2026 Oil and Gas Asian spot LNG climbs to $30.50/MMBtu, highest since December 2022, on colder weather and Chinese buying October 24, 2026 Oil and Gas $13.8 B El Trapial plan: Chevron adds rigs to speed tripling of Argentina output in Vaca Muerta October 24, 2026 - Advertisment - Most Popular Scotland to manufacture subsea cables in UK-first October 26, 2026 Beyond SME: The Intricacies of the I&C Energy Broker Market October 26, 2026 TELCA shortlist – Best Company To Work For award October 26, 2026 Chery Joins China’s EV Charging Race With A Bold Promise October 26, 2026 Load more Recent Comments