Refining Stocks Plunge to Near Two-Year Lows as Trump Tariffs Spur Demand Worries

(Reuters) – Shares of U.S. refiners fell to two-year lows on Friday in the wake of U.S. President Trump’s announcement of new tariffs, as fears of slower oil and fuel demand and weakening refining margins rattled investors. Top refiners Marathon Petroleum, Valero Energy and Phillips 66 have shed more than $20 billion in market capitalization …

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US Oil Rig Count Rises to Highest Since June, Baker Hughes Says

(Reuters) – U.S. energy firms this week cut the total number of rigs operating for a second week in a row, even as the number of oil rigs rose to the highest since June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early …

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Most Canadians Support Building a West-East Oil Pipeline: Poll

The survey was taken in the same week U.S. President Donald Trump escalated a global trade war A man wearing an “I love Canadian pipelines” shirt applauds during a pro-pipeline gathering in downtown Vancouver, Tuesday, June 18, 2019. Photo by THE CANADIAN PRESS/Jonathan Hayward More than three in four Canadians would support publicly funding an …

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US Solar’s Hoarding Habit Will Help Blunt Sting From Trump Tariffs

The US has imported about 80% of modules from four Southeast Asian countries that face big new levies. Workers install solar panels on the roof of a home in San Francisco, California.Photographer: Michaela Vatcheva/Bloomberg By Josh Saul, Shoko Oda, and Jennifer A Dlouhy America’s solar industry has a strategy for dulling US tariffs: hoard. Developers …

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Shale Stocks Battered as Trump Tariffs Subvert His Push to Drill

By Emma Sanchez and David Wethe Shale-oil companies are taking some of the harder lumps on Wall Street as crude prices tumble and President Donald Trump’s trade war runs headlong into his goal to turbocharge US energy production. The S&P 500 Energy Index is down more than 15% since the president announced the sweeping tariffs …

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