Auto Added by WPeMatico
By Ron Bousso Trump threatens secondary tariffs on Russia, Iran oil exports Tariffs on Venezuela have been effective Market struggles to price in Trump’s threats (Reuters) LONDON, April 1 – Oil diplomacy could become a hallmark of Donald Trump’s second term in office, if the last few weeks are any guide, but energy markets have …
Oil Markets Take Risky Bet on Trump’s Threats on Russia, Iran: Bousso Read More »
President Donald Trump promised on the campaign trail to lower energy costs for consumers by increasing US oil and gas production. He’s continued with that refrain in office. “As you’ve heard me say many times, we have more liquid gold under our feet than any nation on Earth,” he said during his address to a joint session …
Why Trump’s ‘Drill, Baby, Drill’ Is Not as Easy as It Seems Read More »
Summary • Market weighs near-term supply risks, tariff concerns • Reuters poll indicates lower U.S. crude inventories (Reuters) – Oil prices steadied near five-week highs on Tuesday as threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran countered worries about the impact of a trade war on global …
Oil Steadies as Market Weighs Tariffs, Sanctions Read More »
** As Q1 draws to a close, energy looked set to come out the top performer among the S&P 500’s major industry sectors for the quarter, with a ~9% gain for the period ** Energy, up 0.7% on Mon, is also among the best-performing sectors of the day, outperforming the broader market, with the S&P …
Energy Leads S&P 500 Sector Advances as Q1 Draws to Close Read More »
(Reuters) – U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed on Monday. That was the biggest decline in monthly U.S. oil output since January 2024, the data showed. The EIA also lowered its …
US Oil Production Fell to an 11-Month Low in January, EIA Data Shows Read More »
(Reuters) – U.S. President Donald Trump’s threat to impose secondary tariffs of 25% to 50% on buyers of Russian crude oil is just crazy and bold enough to perhaps achieve his stated aim of a ceasefire in Ukraine. What matters now is the reaction of the other three key players to this latest move by …
Trump’s Russia Oil Tariff Threat Depends on China, India Reaction: Russell Read More »
Poilievre will create the ‘Canada First’ National Energy Corridor to rapidly approve & build the infrastructure we need to end our energy dependence on America so we can stand up to Trump from a position of strength. Saint John, NB — Conservative Leader Pierre Poilievre announced today he will create a ‘Canada First’ National Energy Corridor …
U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked, a company spokesperson said on Monday, while Spain’s foreign minister promised to defend Repsol’s interests. President Donald Trump’s administration told Repsol it had until May 27 to wind down its operations in the Southern American …
Washington Tells Repsol its License in Venezuela to be Revoked Read More »
Summary • Trump, mad at Putin, threatens tariffs on buyers of Russian oil • Market would look for OPEC response to any drop in Russian supply, analysts say (Reuters) – Oil markets rose on Monday after U.S. President Donald Trump threatened to hit buyers of Russian oil with tariffs, although gains were muted as traders …
Summary • Oil prices steady, reversing earlier session losses • Trump warns imposing secondary tariffs on Russian oil buyers • Trump threatens Iran with bombing along with further tariffs March 31 (Reuters) – Oil prices held steady on Monday as investors adopted a cautious, wait-and-see stance after U.S. President Donald Trump threatened to impose secondary …
Oil Prices Steady as Investors Await Trump’s Actions on Russian Oil and Iran Read More »
