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  • Apr 13, 2025

Goldman Sachs expects oil prices to decline through 2026

The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel, respectively, for the remainder of 2025, and $58 and $55 in 2026. Given the weak growth outlook amid a global trade war, the bank expects that oil demand will rise by only 300,000 barrels per day (bpd) between the end of last year and the end of 2025. The bank has cut its global demand growth forecasts for the fourth quarter of 2026 by 900,000 barrels-per-day since mid-March due to an escalating trade war between the U.S. and China.

  • Apr 13, 2025

Oil steady as investors weigh tariff impact on global demand

Oil prices held steady on Monday as exemptions for some electronics goods from U.S. tariffs and data showing a sharp rebound in China's crude imports in March, were outweighed by concerns that the trade war could weaken global economic growth and dent fuel demand. Brent crude futures were flat at $64.76 at 11:19 a.m. ET (1519 GMT). "The OPEC cutting its global demand forecast just underscores the troubled outlook we have here from the tariffs and all the other uncertainty in the market," said John Kilduff, partner with Again Capital, referring to OPEC revising down its demand forecast in a report released on Monday.

  • Apr 13, 2025

Japan's Nikkei rises as iPhone-related stocks jump

TOKYO (Reuters) -Japan's Nikkei share average ended higher on Monday, as iPhone-related shares jumped after the United States excluded smartphones and other electronics from steep tariffs. The Nikkei gained 1.18% to close at 33,982.36, after gaining as much as 2.22% earlier in the session. "The market is still swayed by various headlines," said Yugo Tsuboi, chief strategist at Daiwa Securities.

  • Apr 13, 2025

Stocks rally in Asia as electronics get a tariff break

SYDNEY (Reuters) -Major stock indexes bounced in Asia on Monday and Europe looked set to follow after the White House exempted smartphones and computers from "reciprocal" U.S. tariffs, though gains were limited as President Donald Trump warned levies were still likely at some point. Indeed, Trump on Sunday told reporters tariffs on semiconductors would be announced over the next week and a decision on phones made "soon". On the face of it, the exemption of 20 product types accounting for 23% of U.S. imports from China was a boon to manufacturers.

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