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Congress Address Summary – Trump Hails Tariffs as US Economy Barrels Into Trade Wars

Conventional Energy, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

President Trump defended his tariff plan, saying it would raise “trillions and trillions” in revenue and rebalance trading relationships, despite acknowledging it may cause economic pain.            Summary by Bloomberg AI Trump’s speech focused on issues like transgender rights, migrant crime, and diversity, equity, and inclusion, with relatively little discussion of …

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Oil Prices Stable as Tariff and Ukraine Uncertainty Dominates Sentiment

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• Zelenskiy says he can salvage relationship with Trump • US tariffs on Mexico and Canada to take effect on Tuesday • Chinese manufacturing activity expanded in February LONDON, March 3 (Reuters) – Oil prices were little changed on Monday after registering a monthly loss for the first time since November, while investors await the …

Oil Prices Stable as Tariff and Ukraine Uncertainty Dominates Sentiment Read More »

Oil Falls on White House Clash, Tariffs, Iraq Exports

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Summary • Brent, WTI head for first monthly drop in three months • Iraq to announce resumption of oil exports from Kurdistan region HOUSTON, Feb 28 (Reuters) – Oil prices fell on Friday and were headed for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian …

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Oil On Track For First Monthly Drop Since November on Trump Tariff Concerns

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Summary • Brent, WTI head for first monthly drop in three months • Iraq to announce resumption of oil exports from Kurdistan region PDVSA, Chevron may strike agreement to export Venezuelan oil – sources • OPEC+ debating whether to increase supply in April – sources Feb 28 (Reuters) – Oil prices are down over 1% …

Oil On Track For First Monthly Drop Since November on Trump Tariff Concerns Read More »

Oil Prices Steady as Traders Await Progress on Push for Ukraine Peace Deal

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• Iraq-Turkey pipeline expected to resume exports soon • War in Ukraine remains in focus • Russian oil supply will remain curbed by OPEC+ policy (Reuters) – Oil prices steadied on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports …

Oil Prices Steady as Traders Await Progress on Push for Ukraine Peace Deal Read More »

Diamondback Energy to Expand Permian Presence with $4.08 Billion Deal

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(Reuters) – Oil and gas company Diamondback Energy said on Tuesday it would buy certain units of EnCap-backed energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion. The deal would give Diamondback access to about 40,000 net acres in the core of Midland Basin, one of the last large assets in the Permian …

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Oil Settles Lower, Supply Worries Ease on Hopes for Ukraine Peace Deal

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• US reciprocal tariff recommendations expected in April • Ukraine peace talks could pave way for Russia sanctions easing • US can apply maximum economic pressure on Iran, Treasury Secretary says • US oil and natural gas rig count rose for a third week in a row NEW YORK, Feb 14 (Reuters) – Oil prices …

Oil Settles Lower, Supply Worries Ease on Hopes for Ukraine Peace Deal Read More »

Oil Climbs on Supply Worries, Trump Tariffs Check Gains

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Summary • Brent, WTI up 0.7% after near 2% rise in prior session • Trump imposes 25% import tariffs on steel, aluminium • Fed to wait until next quarter before rate cut, per Reuters poll LONDON, Feb 11 (Reuters) – Oil prices extended gains on Tuesday amid concerns over Russian and Iranian oil supply and …

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Oil Prices Decline for 3rd Straight Week on Tariff Concerns

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Summary • Prices supported by new US sanctions on Iran crude exports • Offset by fears that trade tensions will hit demand • Trump also repeating pledge to increase US oil production (Reuters) – Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran’s crude exports but prices were down …

Oil Prices Decline for 3rd Straight Week on Tariff Concerns Read More »

Oil Firms Slightly as Trump Policies Continue to Drag on Prices

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Summary Saudi Aramco raised March crude prices for Asian buyers • U.S.-China trade tariffs cloud oil demand outlook • Trump policies make for oil market volatility, analysts say Oil prices edged up on Thursday after Saudi Arabia’s state oil company raised its March crude prices sharply, but the gains barely dented the previous day’s slide …

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