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Summary Oil, gas exempt from Trump’s import tariffs US remains dominant in global energy markets Countries may increase US energy purchases to offset tariffs LONDON, April 3 – President Donald Trump’s reveal of sweeping import tariffs further darkened the outlook for the global economy and left many questions unanswered. But amid all the policy fog, …
Oil and Gas Got Off Easy on Trump’s Liberation Day Read More »
U.S. President Donald Trump announced a slew of reciprocal tariffs on trading partners on Wednesday, the latest in a series of extensive duties imposed since his return to the White House earlier this year. The U.S. will now impose a 10% baseline tariff on all imports to the country effective April 5 and higher duties …
US Businesses Brace for More Pain as Trump Rolls Out Reciprocal Tariffs Read More »
Almost unnoticed in the sweeping new import tariffs announced by U.S. President Donald Trump is that energy commodities have been excluded. The baseline of 10% on all imports to the United States, and higher for many major trading partners, won’t apply to crude oil, natural gas and refined products, the White House said on Wednesday. …
Trump’s Tariffs Already Have a Major Carve-Out – Oil and Gas Read More »
By Amanda Stephenson Construction cost overruns boosted fees for shipping oil on line Regulators will hold hearing on whether higher costs are fair Potential US tariffs may still boost Trans-Mountain’s appeal CALGARY, April 2 (Reuters) – Canada’s Trans Mountain oil pipeline has downgraded forecasts for the amount of oil expected to flow through its system …
Exclusive: Canada’s Trans Mountain Pipeline Lowers Forecasts for Amount of Oil it Ships Read More »
(Reuters) – U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.2 million barrels to 439.8 million barrels in the week ending March 28, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.1 million-barrel draw. …
US Crude and Distillate Inventories Rise, Gasoline Stocks Fall, EIA Says Read More »
(Reuters) – Eight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up gradual production hikes, two delegates told Reuters. Record Kazakh output has angered several other members of the group, including top producer …
OPEC+ to Discuss Kazakhstan Output at Thursday’s Meeting Read More »
(Reuters) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 billion takeover of Marathon Oil last year, people familiar with the matter said. The energy producer has hired investment bank Moelis & Co to run the sale process for the assets, the sources said, adding …
ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion Read More »
Summary • Concerns remain over how tariffs will be implemented • Some analysts warn of bearish impact on oil prices • Markets also await news on secondary tariffs on Russian oil April 2 (Reuters) – Oil prices extended losses on Wednesday, pressured by fears that U.S. reciprocal tariffs due to be announced at 2000 GMT …
Oil Edges Lower as Market Awaits Fresh US Tariffs Read More »
Most of Canada’s oil reserves are in Alberta, along with a majority of natural gas reserves. Alberta is the beating heart of the Canadian energy economy. JOCK FINLAYSON By any measure, Alberta is an energy powerhouse — within Canada, but also on a global scale. In 2023, it produced 85% of Canada’s oil and three-fifths …
WASHINGTON — Democrats in the U.S. Senate are moving forward on a resolution to block sweeping tariffs targeting Canada as President Donald Trump presses Republican lawmakers to continue backing his trade agenda. Sen. Tim Kaine plans to force a vote on Trump’s use of the International Economic Emergency Powers Act, also called IEEPA, to declare …
Democrats Push Vote on Tariffs Targeting Canada as Trump Calls for Republican Support Read More »
