Oil prices post weekly drop as outline of Trump’s tariff plans emerges
Oil futures ended lower Friday, contributing to a loss for the week, though prices held on to a gain for the month as traders awaited a tariff decision by President Donald Trump on crude imports from Canada and Mexico.
Trump says he is planning oil and gas tariffs around Feb. 18
U.S. President Donald Trump said on Friday he expects his administration to impose tariffs related to oil and gas around Feb. 18 and it could lower levies on some Canadian crude. He did not name a specific country to which the new tariffs would apply or specify any more details about the plans.
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.
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.
Oil posts weekly losses as US set to impose tariffs on Canada, Mexico
Oil prices eased on Friday and closed the week lower as investors awaited 25% tariffs by the United States on Canada and Mexico, expected on Saturday.
Oil Swings as Trump’s Tariff Whiplash Keeps Markets Off Balance
Oil pared an earlier gain to trade little changed as US President Donald Trump barreled toward imposing tariffs on Canada and Mexico, but kept traders guessing on whether that will include crude.Most
Oil prices on track for weekly declines as traders await Trump tariff decision
Oil futures ticked lower Friday and were on track for weekly losses as traders awaited a decision by President Donald Trump on tariffs on imports from Canada and Mexico.
Trump vows to tariff chips, oil and gas
President Donald Trump told reporters on Friday nothing can be done by Canada, Mexico and China to forestall tariffs and vowed to tariff items such as chips, oil and gas.
Oil Poised for Weekly Loss Amid U.S. Tariff Threat
Oil prices are on track for weekly losses of roughly 2% amid uncertainties over looming U.S. tariffs. Brent crude is down 0.2% at $75.72 a barrel, while WTI falls 0.1% to $72.66 a barrel in volatile trade.
Trump wants more drilling, but the oil market is already saturated
Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will likely do what they’ve done for years: sit on hundreds of untapped oil leases across millions of acres.
Oil set for weekly losses as Trump tariffs loom
Oil prices eased on Friday with U.S. President Donald Trump expected to announce new tariffs against Canada and Mexico that will begin on March 1, according to sources familiar with the planning. Brent crude futures for March,
Trump Vows Tariffs on Oil, Metals and Chips in Coming Months
President Donald Trump said he would impose tariffs on a wide range of imports in the coming months, including on steel, ...
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 ...
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 ...
Booze, oil and orange juice: How Canada could fight Trump tariffs
As Justin Trudeau warns Canadians they could face "difficult days" ahead, here are four options for retaliation.
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.
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 ...
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 ...