A new round of U.S. solar panel import tariffs on Southeast Asian producers is expected to raise consumer prices and cut into producer profit margins.
Late Nov. 25, President-elect Donald Trump said one of his first executive orders would be to enact a 25% tariff on “all products” originating from Canada and Mexico, a move that could escalate refined products prices.
The return of Donald Trump to the U.S. presidency could have both positive and negative impacts on the oil market.
The directive quadruples the tariff rate on electric vehicles from 25% to 100%, and the tariff rate for solar cells doubles to 50%.
A group of solar manufacturers want the U.S. to impose tariffs to ensure panels and modules imported from four Southeast Asian countries are priced at fair market value.
Despite record U.S. natural gas production, parts of the U.S., including New England, face difficulties finding adequate supplies for power generation.
Lake Charles LNG is facing regulatory hurdles with the Department of Energy, Energy Transfer executives said during second-quarter earnings call.
Repsol CEO asks the European Union to enforce sanctions on Russia, prevent diesel imports from routing through third countries.
The Netherlands is still working to cut off its Russian LNG imports after Russia invaded Ukraine nearly a year ago.
Baltic countries support the proposal, others express doubts.