• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

28 January 2025 11:50  |

OPEC to Maintain Supply Policy, Oil Prices Steady

OPEC and its allies are set to stick to their current supply policy at a review meeting next week, resisting pressure from Trump to raise output and lower crude prices.

Oil prices steadied after a volatile session yesterday after U.S. President Donald Trump raised the stakes on planned tariffs, potentially adding to risks to global trade.

Trump’s comments continued to lift the U.S. dollar, a drag on most commodities. Still, crude remains slightly higher this year despite recent declines as the Northern Hemisphere winter and sanctions on Russian crude and shipping pushed prices higher.

Brent crude, which hit $81 in the middle of this month, has since slid as Trump’s tariff threats rattled markets. It is now at $77.25 a barrel, up about 0.1%, and WTI is at $73 a barrel, up about 0.5%.

Trading volumes in Asia on Tuesday are likely to be lower due to the upcoming Lunar New Year holiday.

Source: Newsmaker

Related News

ANALYSIS & OPINION

6 Poin Deklarasi KTT BRICS di Rusia: 'Tekan' Dolar-Perang Ti...

Negara-negara BRICS menyetujui komunike bersama pada Rabu (23/10/2024) selama pertemuan puncak tiga hari kelompok tersebut di...

25 October 2024 22:58
ANALYSIS & OPINION

Biden Tightens Tech Controls on China as Clock Ticks Down

The Biden administration announced Monday a long-anticipated round of restrictions on exports of semiconductor chips and chip...

2 December 2024 23:39
ANALYSIS & OPINION

BoE’s Lombardelli: I Support a Gradual Removal of Monetary...

Bank of England (BoE) Deputy Governor for Monetary Policy Clare Lombardelli said on Monday, “I support a gradual removal of...

25 November 2024 20:00
ANALYSIS & OPINION

BoJ’s Adachi: No Set Pace in Mind When It Comes to Rate Hi...

Bank of Japan (BoJ) board member Seiji Adachi is back on the wires on Wednesday, commenting on the interest rate and the exch...

16 October 2024 18:42
BIAS23.com NM23 Ai