Global Tensions Drive Oil Prices Downwards Amid US-China Trade Row

by News Editor

April 7, 2025

The global oil market continues to feel the tremors of escalating trade tensions between the United States and China, pushing oil prices further down this Monday. The fear of a looming recession exacerbates the situation.

Key Insights

Brent crude plunged by $35, or 3.58%, at $63.23 per barrel early Monday.
West Texas Intermediate (WTI) saw a decrease of $2.31, or 3.73%, landing at $59.68 per barrel.
Last week, Brent and WTI lost 10.9% and 10.6%, respectively.

The Story Behind The Numbers

Recent measures by China, including tariffs on U.S. imports, highlight a retaliatory stance against the U.S. administration, intensifying the ongoing economic skirmish. Notably, oil imports are exempt from the latest tariffs; however, the larger narrative of increased trade barriers could catalyze inflation, decelerate global economic growth, and further drive volatility in oil prices.

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In Their Words

Vandana Hari of Vanda Insights reflected, “It’s tricky to pinpoint a bottom price for crude oil amid market panic unless the trade tensions ease, which seems unlikely without a significant diplomatic gesture from the U.S.”

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Robust Meat Market Dynamics Ensure A Fully Stocked Easter Feast

by THEFUTURE.TEAM

April 13, 2026

Meat supply increased ahead of Easter 2026, with prices remaining broadly stable despite higher seasonal demand, according to data from slaughterhouses and the Consumer Protection Service Price Observatory. Market data show higher volumes of lamb and pork alongside limited price increases across key categories.

Strong Supply And Price Stability

Recent data indicate increased meat supply compared to the same period last year, supporting availability during peak demand. Higher volumes helped limit price increases across most product categories. Stable supply conditions contributed to controlled pricing despite seasonal pressure on demand.

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Enhanced Competition With Greek Lamb Imports

Market supply was supported by the import of 4,000 lambs from Greece, increasing availability and competition. Additional supply contributed to price stability across lamb products. Domestic production adjusted as imports increased, with 2,105 fewer lambs processed locally on Great Tuesday compared to the previous year.

Dynamic Production Trends In Meat Processing

A total of 19,883 lambs were slaughtered over the past six days, marking a 6% increase compared to the same period last year. Pork production also increased, with 10,655 pigs processed versus 9,452 a year earlier, representing a 13% rise. Higher output across categories reflects increased supply ahead of the holiday period.

Price Adjustments In Key Meat Categories

The average price for locally sourced lamb reached €14.10 per kg, up 4.76% compared to last year. Pork prices declined, with tenderloin averaging €5.97 per kg (-4.47%) and neck cut €6.16 per kg (-1.62%). Poultry remained stable at €4.16 per kg, recording a marginal decrease of 0.05%, maintaining its position as the lowest-cost option.

Overall Cost Implications For The Festive Table

An indicative Easter table for eight people is estimated at €186.42 in 2026 for 19 basic products, compared to €179.36 in 2025, reflecting a 3.9% increase. Meat prices had a limited impact on the increase. Higher costs were driven by vegetables, with tomatoes rising by 81.73% and cucumbers by 42.24%. Prices for fresh potatoes and olive oil declined by 12% to 19%, partially offsetting overall costs.

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