Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.
Oil prices on track for weekly declines as traders await Trump tariff decision
Oil futures ticked lower Friday and were on track for weekly losses as traders awaited a decision by President Donald Trump on tariffs on imports from Canada and Mexico.
Trump wants more drilling, but the oil market is already saturated
Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will likely do what they’ve done for years: sit on hundreds of untapped oil leases across millions of acres.
Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.
Oil inches higher as Trump repeats tariff plans, market awaits next OPEC move
Crude oil futures scored modest gains Thursday, then added to gains after-hours as President Trump reiterated his threat to impose 25% tariffs on imports from Canada and Mexico starting February 1, although the move may affect only certain industries such as steel and aluminum,
Oil dips as traders look to Trump tariff fallout, OPEC plans
Oil edged lower as traders weighed the possible fallout from President Donald Trump’s planned tariffs on major US crude supplier Canada and other countries and reports OPEC will evaluate potential changes to America’s energy policy.
IEA comes under pressure from former oil market chief to cut energy transition focus
The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy ...
Big Oil wants a lot from Trump. It has an ally in Doug Burgum, the president's Interior pick
Emails obtained by The Associated Press reveal Doug Burgum as North Dakota governor catered to the whims of oil and gas ...
The Cool Down on MSN4h
Mysterious appearance of oil-covered pelicans sparks investigation: 'TPWD has not pinpointed an exact location'
"The RRC should have done more in these draft rule amendments to incorporate best practices." Mysterious appearance of ...
US upstream oil and gas dealmaking hit $105 billion in 2024, Enverus says
Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but ...
Why oil may be excluded from new tariffs on Mexico and Canada
Steep tariffs on Mexico and Canada are set to go into effect on Saturday as President Trump threatens trade with America's ...
New oil and gas field consent was unlawful - judge
A court has ruled that consent for two new Scottish oil and gas fields was granted unlawfully and their owners must seek ...
Upstream Oil & Gas Mergers Hit Yearly Low In 4th Quarter, 2024
Upstream oil and gas industry mergers and acquisition activity during 2024 came to a robust $105 billion in total deal value ...
California considers letting victims of natural disasters sue oil companies for damages
California is considering a bill that would allow insurers and victims of climate-driven natural disasters to sue the oil ...
California lawmakers want oil companies to be liable for natural disasters
Two Democratic California state senators on Monday will announce a proposal allowing the victims of natural disasters and ...
‘Landman’ fact-check: What did the Season 1 finale of the Paramount+ show get wrong about Texas oil?
Paramount+’s show, “Landman,” put a spotlight on Texas oil country throughout its first season, featuring a foul-mouthed ...