Oil Production Slides and Job Cuts Rise as Tariff Costs Bite

The oil sector expected to be a major beneficiary after Trump’s election. Now it faces spiking costs, slowing demand, and plunging prices amid fears of a global trade war.

Apr 8, 2025 - 18:57
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Oil Production Slides and Job Cuts Rise as Tariff Costs Bite

The oil sector expected to be a major beneficiary after Trump’s election. Now it faces spiking costs, slowing demand, and plunging prices amid fears of a global trade war.