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Petroleum news and articles offer a great way to stay up to date on the latest energy news. Petroleum news and articles can provide insight into the industry, economic trends, and new technological developments. They can also help to inform decision makers about the best strategies for managing their energy needs. Petroleum news and articles can help to provide an overview of the industry and its current state. They can also provide insight into how the industry is changing, as well as what the future may hold. In addition, these articles can help to provide an understanding of the different types of petroleum products available and how they can be used to meet different energy needs. Reading petroleum news and articles can help to inform decision makers about the best ways to meet their energy needs.
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Discover why Occidental Petroleum (OXY) plummeted to its lowest level in over six weeks following a major downgrade from Goldman Sachs, dropping the target price to $45. Explore the technical and market factors driving OXY's descent towards a potential long-term bearish trend.
Oil shares took a significant hit on Monday, following US President Donald Trump's announcement of new tariffs, triggering concerns of a global trade war. Tariffs included a 25% levy on Canada and Mexico, and a 10% tariff on China, sparking fears of economic slowdown and a decline in oil demand. As a result, major oil stocks suffered sharp declines, with Hindustan Petroleum Corp. falling the most at 7.13%.