Big Oil stocks were retreating on Monday after Shell warned that profits from trading gas and chemicals would be lower than expected in the second quarter.
Trump’s tariffs have raised uncertainty across the market and concerns that they could have a negative effect on the global economy and oil demand. Powerhouse Asian economies Japan and South Korea said on Tuesday they would try to negotiate with the U.S. to soften the tariffs’ impact.
Curious Minds Corner
How does natural gas travel thousands of miles across continents?
Primarily through vast networks of underground steel pipelines.