Trump tariffs-led spike in energy prices is temporary, oil prices could ‘plummet’ as global growth slows
Oil prices are likely to fall in the longer run after the initial jump following Donald Trump's implementation of hefty tariffs, said industry watchers.
Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.
Dow futures tumble, oil surges after Trump tariffs end ‘self-delusion in markets’
U.S. stock-index futures opened sharply lower and oil prices jumped Sunday night and investors braced for volatility across financial markets after President Donald Trump over the weekend announced heavy tariffs on imports from Canada,
Oil Prices Surge as Trump’s Tariffs Spark Supply Concerns
Oil prices rose in Asian trading Monday after U.S. President Donald Trump announced tariffs on imports from Canada, China, and Mexico, triggering concerns over supply chain disruptions. At 20:05 ET (01:05 GMT),
Oil rises as Trump slaps tariffs on biggest crude supplier to US
Oil advanced as US President Donald Trump placed hefty tariffs on a range of imports, including crude from Canada and Mexico, threatening higher costs for American consumers. US marker West Texas Intermediate (WTI) jumped as much as 3.
Gas prices set to rise as Trump tariffs hit Canadian, Mexican oil
Tariffs on oil imports mean higher costs for making finished fuels like gasoline, much of which is likely to be passed along to U.S. consumers.
Why Trump is going to have a hard time lowering oil prices
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
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Trump wants more drilling, but the oil market is already saturated
Oil companies cheered Trump’s recent calls for a more streamlined process and a series of energy-related executive orders he ...
IEA comes under pressure from former oil market chief to cut energy transition focus
The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy ...
Dem bill blames LA wildfire damage on fossil fuel emissions, holds oil and gas industry liable
California Democrats are seeking to make the oil and gas industry pay for damages from the Los Angeles wildfires, shifting ...
Big Oil wants a lot from Trump. It has an ally in Doug Burgum, the president’s Interior pick
Emails obtained by The Associated Press reveal Doug Burgum as North Dakota governor catered to the whims of oil and gas ...
Oil industry unlikely to rush to Alaska despite Trump's call to drill
U.S. oil and gas companies are unlikely to expand development in Alaska and the Arctic following President Donald Trump's ...
Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase ...
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Court Quashes Hopes for New Oil, Gas in UK’s North Sea
A Scottish court ruled that the UK government’s approval of Equinor’s Rosebank and Shell’s Jackdaw oil and gas projects was ...
Alberta oil industry, experts react to threat of 10% tariff on Canadian oil
Trump said Friday the levy on oil would "probably" be set at 10 per cent as opposed to the 25 per cent tariffs on other goods ...
New oil and gas field consent was unlawful - judge
A court has ruled that consent for two new Scottish oil and gas fields was granted unlawfully and their owners must seek ...
How much crude oil does the US import by country?
U.S. President Donald Trump has set a Saturday deadline for imposing 25% tariffs on imports from Mexico and Canada unless the ...