Trump Tariffs Could Hurt Oil Companies and Raise 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.
How oil emerged as a central sticking point in the Trump tariff talks
The market anxiety ahead of Donald Trump's self-imposed Feb. 1 deadline for a first round of tariffs focused on oil and gas after the president appeared to acknowledge Thursday there could be issues with the energy staples in his overall plans.
Trump Says Looming Oil Tariffs Are Negotiable: ‘Depends On What Their Price Is’
All else equal, this would increase gasoline prices, which in most of the country have averaged $3 per gallon for the past year amid historically low levels of petroleum inventories (see chart). But Trump wants lower gasoline prices, which is why if the oil tariffs come at all, they will likely start slowly.
Trump Says Canada, Mexico Tariffs on Saturday May Not Include Oil
Trump also said he was still considering new tariffs on Chinese goods, citing its part in the fentanyl trade. He has threatened a 10% duty on all Chinese goods, after imposing pun
Trump’s imminent 25% tariffs on Canada and Mexico could apply to their oil, too
President Trump may include oil in his tariffs on Canada and Mexico, but the move could undermine his pledge to lower gasoline prices.
Oil set for weekly decline as Trump tariff threat looms large
Oil prices edged down on Friday and were on course for a weekly decline as markets wait to see if U.S. President Donald Trump follows through on his threat to impose tariffs on Mexico and Canada this weekend.
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 ...
In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm
In the first serious fallout from President Donald Trump's early actions against offshore wind power, oil and gas giant Shell ...
Wall Street Banks Raise Oil-Price Forecast Amid U.S. Policy Uncertainty
Major Wall Street banks lifted their oil-price forecast for the year amid growing uncertainties over the impact of U.S. trade ...
This oil-industry gauge implies producers may be warming to Trump's 'drill, baby, drill' strategy
The number of active U.S. rigs drilling for oil climbed by seven to total 479 rigs this week, Baker Hughes reported on Friday, as domestic producers look to a “more friendly environment” for crude ...
Exclusive: Libya's state oil firm looks to boost output, transparency, new chairman says
Libya's National Oil Corporation (NOC) will focus on raising its output and transparency, new acting chairman Massoud Suleman ...
Scottish Court Overturns North Sea Oil Approvals
A judge has ruled that private interests and climate change considerations should have been considered when the U.K.
Rally in Middle East Oil Has Traders Piling In at Record Level
Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...
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 ...
California legislation would allow victims to sue oil and gas companies over disasters
California lawmakers propose legislation that could allow vicims of the devastating Southern California wildfires to sue oil and gas companies.
Exxon posts mixed Q4 results with higher oil production, weak refining profit
Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in its refining and chemicals business, though ...