Energy Sector Braces for Impact from Tariffs
The oil and gas industry is bracing for the near-term impacts of Trump’s tariffs as oil prices fall, steel prices rise and M&A slams on the brakes.
Oil Dives More Than 6%, Steepest Fall in 3 Years on Tariffs, OPEC+ Supply Boost
Oil prices swooned on April 3 to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweeping new import tariffs.
Belcher: Tariff Growing Pains Will Help US Achieve Energy Dominance
Tariffs may bring short-term pain, but Trump is aggressively pursuing goals that benefit the U.S., says Cornerstone Government Affairs’ Jack Belcher.
Paisie: How a World in Flux Impacts Oil Prices
Sanctions, tariffs and production strategies are buffeting crude markets as wild cards like tariffs and geopolitical conflicts make headlines.
Oil Prices Fall into Negative Territory as Trump Announces New Tariffs
U.S. futures rose by a dollar and then turned negative over the course of Trump's press conference on April 2 in which he announced tariffs on trading partners including the European Union, China and South Korea.
Hirs: America Confronts Sovereign Risk with Recession on the Horizon
The risk to U.S. oil and gas production comes from within, and a recession looms on the horizon.
US Slaps Iran-Related Sanctions on Oil Tankers, China 'Teapot' Refinery
The U.S. issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.
China Stops US LNG Imports Following Shipping Tariff
The country, which put a 15% tariff on U.S. LNG imports, has gone more than 40 days without a delivery, the longest gap since 2023, according to a report from Bloomberg.
Trump Tariffs: Canada Looks East, West in Lieu of Exporting to US
“Don't be surprised if you see a lot of [Canadian] trade missions moving beyond North America,” an Ontario official said in a panel discussion on tariffs at CERAWeek by S&P Global.
Trump Says He Will Double Tariffs on Canadian Metals to 50%
President Trump said he would double his tariffs on Canadian steel and aluminum products in response to Ontario placing a 25% tariff on electricity supplied to the U.S.