Oil prices dropped to lowest in 2025 after Trump’s tariffs – NRF ReportKaieteur News – In the second quarter of 2025, Guyana’s sweet light crude was subjected to the lowest market rates since the COVID-19 pandemic at just US$60 per barrel. This is according to the latest Natural Resource Fund (NRF) report, published for the second quarter of this year. According to the document, “Oil prices opened the quarter at $74.74/bbl but soon after dropped to its lowest levels since the pandemic at $60.23/bbl. However, towards the end of June, prices stumbled…OPEC’s (Organisation of the Petroleum Exporting Countries) plan to increase production in July also contributed to oil prices falling in late June. To end the quarter, oil was traded at $67.61/bbl,” the NRF report stated.