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April 14th 2025

Infographic: Trump tariffs and OPEC+ output hike shock Dated Brent

The dual shock of US president Donald Trump’s blanket tariffs and a higher-than-expected OPEC+ production hike caused one of the largest seven-day moves in Dated Brent prices since the assessment began in 1987, an analysis of Platts data shows.

In the seven days to April 9, the benchmark fell 19% as the tit-for-tat tariff escalation between the US and China triggered fears of a global economic slowdown just as OPEC and its Russia-led allies said they would triple the amount of crude they plan to return to the market in May.

Full feature: Trump tariffs, OPEC+ hike cause historic oil shock (subscriber content)

Click here for the full-sized infographic