Affected by the US trade tariffs, global stock markets have been in turmoil, and the international oil price has plummeted. Over the past week, Brent crude oil has dropped by 10.9%, and WTI crude oil has fallen by 10.6%. Today, both types of oil have declined by more than 3%. Brent crude oil futures have dropped by $2.28, a decrease of 3.5%, to $63.3 per barrel. WTI crude oil futures have fallen by $2.2, a decline of 3.6%, reaching a low of $59.66 per barrel.
Markets are concerned that global trade tensions may curb worldwide economic growth and suppress crude oil demand. Numerous analysts point out that while directly imposing tariffs on crude oil “makes little sense,” what weighs more heavily on the oil market is “the uncertainty over global demand stemming from President Trump’s tariffs, as global economic expansion has been driving crude demand growth.”
CNBC quoted several Chinese analysts as saying they expect China to focus primarily on strengthening local economic measures rather than retaliatory tariffs, suggesting such a “blunt instrument” might ultimately work in China’s favor. As the world’s largest oil consumer, China could leverage lower prices to secure oil and natural gas energy supplies.
In this operating environment, oil and gas production particularly requires efficient separation equipment like ours. For instance, our Crude De-bulky Water System can remove most water content from well fluids, enabling profitable production from high-water-cut oil wells while dramatically reducing operational costs and pipeline transportation requirements.
Our team remains relentlessly committed to mastering cutting-edge technologies and pursuing product excellence. We firmly believe that only by delivering superior equipment can we create greater opportunities for business growth and professional advancement. This dedication to continuous innovation and quality enhancement drives our daily operations, empowering us to consistently deliver better solutions for our clients.
Post time: Apr-10-2025