Oil Prices Start the Week Higher Following Trump’s Tariffs
Oil prices rise on the first day of trade after the US imposed tariffs on Canada and Mexico, with analysts divided on the long-term impact.
Oil Advances After Trump Confirms Tariffs Will Apply to Crude
Oil rose in late trading after US President Donald Trump said the US would impose tariffs on imports of crude, a move that threatens to disrupt flows across North America’s tightly integrated energy market.
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.
Oil Prices Up Following Trump’s Tariffs Announcement
Crude oil prices have started the week up, with Brent Crude trading at $76.16 per barrel, up 1.2%, and West Texas Intermediate 2% up at $73.75 per barrel. This follows two consecutive weeks of losses.
How Trump Tariffs Can Impact Us, Canada Oil Trade
Oil moved higher as President Donald Trump placed hefty tariffs on a range of imports from Canada, Mexico, and China. Energy from Canada faces a reduced levy of 10%, which includes roughly 4 million barrels a day of crude flows.
Oil prices climb after US tariffs spark supply disruption fears
Oil prices rose on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what could be an economically damaging trade war.
How much crude oil does the US import by country?
U.S. President Donald Trump on Saturday ordered tariffs on Canadian and Mexican imports to address a national emergency over ...
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Vitol Expects Oil Demand to Remain Robust Until 2040
Vitol, a major oil trader, forecasts that global oil demand will remain steady for the next 15 years, defying predictions of ...
Oil Rises as Trump Slaps Tariffs on Biggest Crude Supplier to US
Oil surged as President Donald Trump placed hefty tariffs on a range of imports including crude from Canada and Mexico, ...
US imports of Canadian and Mexican crude oil by company
Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...
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Oil rises as Trump pushes ahead with protectionist trade agenda
Oil prices rose today, Feb. 3, as the Trump administration targeted Canada, Mexico and China with additional tariffs as part ...
Canadian Oil Dodges ‘Cataclysm’ With Lower Tariffs, Gulf Outlet
Canada’s energy patch may have temporarily dodged disaster in the trade war with the US, with President Donald Trump’s orders ...
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Govt wants exported crude oil to go to domestic refineries instead
The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, ...
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Low crude oil supply hinders Naira-for-Crude Scheme
There is a raging concern that the Naira-for-Crude initiative, which ensures local refineries receive crude oil in Naira and ...
Nigeria Seeks to Boost Daily Oil Output to 2.7 Million Barrels by 2027
Nigeria, Africa’s biggest oil producer, has set itself a target of boosting daily production by about three fifths to 2.7 ...
Canadian Oil Producers to Bear Brunt of U.S. Energy Imports Tariff
Canadian oil producers are expected to face the largest hit from Trump’s 10% tariff on energy products, according to Goldman Sachs.