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 0 325 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 climate change Methane target met for fifth year – but 0.76Mt still emitted October 6, 2026 Oil and Gas FERC opens environmental review of Great Basin’s 195-mi Nevada pipeline expansion October 6, 2026 Oil and Gas FERC sets June 2027 target for final order on Guardian 3 Expansion Project October 6, 2026 - Advertisment - Most Popular Energy manufacturing see revenues soar by 72% October 6, 2026 Methane target met for fifth year – but 0.76Mt still emitted October 6, 2026 Lucid Production Plunges As The EV Maker Tries To Clear Inventory October 6, 2026 Solar plant opens in Spain with enough power for 196,000 homes October 6, 2026 Load more Recent Comments