Published 2 days ago • loading... • Updated 19 hours ago

How the energy industry is responding to Trump tariff uncertainty

Summary by Texas Standard

Oil prices have dropped since Trump took office and remained steady despite tariff talk. Will it last?

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Oil Price

Trade Wars Spark Uncertainty in Oil Markets

Uncertainty has been rife in oil markets of late as Trump's trade wars threaten global demand just as OPEC+ is set to boost supply and Ukraine peace talks get underway.- US Energy Secretary Chris Wright announced that he plans to work with the Congress to cancel the mandated sales of 100 million barrels of strategic petroleum reserves in 2026-2031 to refill SPR stock.- According to Wright, it would take 5-7 years to refill US strategic oil inven…

19 hours ago·London, United Kingdom

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The Yucatan Times

Mexico seeks Asian and European crude oil buyers

Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative markets for its crude oil after U.S. President Donald Trump imposed tariffs on imports, a senior Mexican government official said. Trump this week implemented 25% tariffs on goods from Mexico and Canada. While Canadian crude won an exception of a 10% levy, Mexican crude is to be taxed at 25%. Last year, Pemex exported 806,0…

2 days ago

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Texas Standard

How the energy industry is responding to Trump tariff uncertainty

Oil prices have dropped since Trump took office and remained steady despite tariff talk. Will it last?

2 days ago

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Bloomberg

Surge in Canadian Crude Prices Signals Tariff Concern Is Waning

Concern about President Donald Trump’s threats to impose tariffs on US imports of Canadian oil is waning as the duties’ start date keeps getting pushed back, strengthening local crude prices.

2 days ago·United States

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Action Forex

WTI Oil – Consolidation/Limited Correction to Precede Fresh Push Lower - Action Forex

WTI oil price bounces on Tuesday following repeated downside rejection at key support at $65.26 (Sep 10 low), but recovery is likely to be limited, as larger picture is bearish and fundamentals predominantly negative. Oil sentiment is firmly negative on growing concerns about the impact of tariffs on global economy, fears that the US economy […] The post WTI Oil – Consolidation/Limited Correction to Precede Fresh Push Lower appeared first on Act…

20 hours ago

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Energy News for the United States Oil & Gas Industry | EnergyNow.com

Global Oil Supply Growth is Outstripping Demand, Gunvor CEO Says - Energy News, Top Headlines, Commentaries, Features & Events

Global oil supply growth is outstripping demand, the CEO of one of the world’s largest oil traders, Gunvor, said on Monday. Oil prices hit a three-year low last week due to slow demand growth in China and concerns about the impact on global economic growth of U.S. President Donald Trump’s protectionist trade policies. “We still ...

20 hours ago

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