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Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade

(Bloomberg) -- On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela.Most Read from BloombergNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterNewsom Says California Is Now the World’s Fourth-Biggest EconomyThe Last Thing US Transit Agencies Should Do NowAt Bryn Mawr, a Monumental Plaza Traces the Steps of Bl

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump's on-again off-again trade tariffs could reduce global economic growth and demand for the fuel. Trump's push to reshape world trade by imposing tariffs on imports into the U.S. has made it probable that the global economy will slip into recession this year, according to a majority of economists in a Reuters poll. China, hit with the steepest tariffs, has responded with its own levies against U.S. imports, stoking a trade war between the top two oil-consuming nations.

Oil Slumps on Economic Data, Continued Trade War Fallout

(Bloomberg) -- Oil declined as traders parsed economic data from the US and awaited further developments regarding President Donald Trump’s trade war, including China’s efforts to support its tariff-hit economy.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyNYC’s Congestion Toll Raised $159 Million in the First QuarterNew York City Transit System Chips Away at Subway Fare EvasionAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryThe Last Th