Oil falls amid U.S. tariff pause on Mexico, Canada
Oil prices retreated on Tuesday as U.S. President Donald Trump paused for a month a decision on steep tariffs on Mexico and Canada, the United States' biggest foreign oil suppliers, while prospects of higher OPEC+ supplies from April also weighed.
Canada Oil Tariffs Seen Adding 8% to US Northeast Heating Bills
The cost to heat a home with oil this winter in the US Northeast would rise 8% if tariffs on Canadian energy products are enacted, an energy nonprofit estimates.
Oil, gasoline futures rise after Trump slaps tariffs on Canadian crude
Oil futures climbed Monday after President Trump slapped tariffs on Canada, Mexico and China over the weekend, sparking worries over U.S. crude imports.
Oil falls as Trump agrees to pause tariffs on Mexico, Canada
Oil prices retreated on Tuesday after U.S. President Donald Trump agreed to hold off imposing steep tariffs on Mexico and Canada, the two biggest foreign oil suppliers to the United States, for a month.
Trump’s Tariffs to Have Limited Impact on Oil and Gas Prices, Goldman Says
The U.S. tariffs are expected to have a limited impact on oil and gas prices in the near term as global oil demand and production will largely remain unaffected as the levies are likely to be temporary,
Oil prices gain as Trump tariffs stoke supply worries
Oil prices rose on Monday after US 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.
Oil prices ease to 4-week low as US pauses tariffs on Mexico
Oil prices eased to a four-week low in volatile trade on Monday as the market reacted to U.S. President Donald Trump's planned imposition of tariffs on Canada, Mexico and China on Tuesday. Concerns over imports from two of the main crude suppliers to the U.
Trump's tariffs spark sharp rise in US oil prices
US oil prices have risen since tariffs were imposed on imports from Canada and Mexico, which have already affected the American fuel market. Brokers report that gasoline contracts are gaining strongly.
Trump tariffs could raise gasoline prices, oil industry warns
The U.S. oil and gas industry is nervous about President Donald Trump’s decision to impose tariffs on Canadian energy products. Trump signed an executive order Saturday that adds a 10 percent tariff on oil,
Trump’s tariffs won’t move oil prices says Goldman Sachs
The new tariffs imposed by US president Donald Trump on imports from Canada, Mexico and China are likely to have a limited near-term impact on global oil and gas prices, Goldman Sachs said in a note on Sunday.
Saudi Arabia's non-oil private sector grows at decade-high pace in Jan, PMI shows
Saudi Arabia's non-oil business sector expanded at its strongest pace in just over a decade in January, driven by a surge in ...
Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business
The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered ...
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.
Here's how long it may take for oil's gains to show up in gas prices at the pump
President Donald Trump's decision to implement a 10% tariff on Canadian energy starting Tuesday, in contrast to the announced ...
Ukrainian drone strike sets Russian oil, gas plants ablaze, officials say
A Russian oil refinery and gas processing plant went up in flames after Ukraine fired dozens of drones over the border Sunday ...
China imposes tariffs on US imports including crude oil, agricultural machinery
Beijing announced tariffs on Tuesday on some American imports including originating crude oil, agricultural machinery and liquefied natural gas in a move that coincides with the Trump administration’s ...
Oil spill extends nearly 2 miles down river after containment tanks leak at Westmoreland County steel plant
Water rescue crews and first responders were on the scene Monday afternoon following an oil spill at a plant in Lower Burrell ...