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Oil, gasoline prices jump after Trump slaps tariffs on Canada crude
Oil futures were up sharply Monday after President Trump over the weekend slapped tariffs on Canada, Mexico and China, sparking worries over U.S. crude imports, though upside was limited by concerns a trade war would dent demand.
Trump tariffs-led spike in energy prices is temporary, oil prices could ‘plummet' as global growth slows
Oil prices are likely to fall in the longer run after the initial jump following Donald Trump’s implementation of hefty tariffs, said industry watchers.
Oil Prices Start the Week Higher Following Trump’s Tariffs
Oil prices rise on the first day of trade after the US imposed tariffs on Canada and Mexico, with analysts divided on the long-term impact.
Trump's tariffs to have limited impact on oil, gas prices, Goldman Sachs says
The new tariffs imposed by U.S. President Donald Trump on imports from Canada, Mexico, and China are likely to have a limited near-term impact on global oil and gas prices, Goldman Sachs said in a note on Sunday.
Why Trump is going to have a hard time lowering oil prices
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
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 jump on supply disruption fears from US tariffs
Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude supply disruption from two of the biggest suppliers to the U.S., but the prospect of lower fuel demand capped gains.
Trump tariffs could raise gasoline prices, oil industry warns
Trump signed an executive order Saturday that adds a 10 percent tariff on oil, natural gas, coal, uranium and other energy resources from Canada. Other imports from Canada and Mexico will be subject to a 25 percent tariff, while imports from China will get a new 10 percent tariff.
Trump tariffs to impact consumer prices, more: What you need to know
Trump declared an economic emergency to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada. Energy imported from Canada, including oil, natural gas and electricity, would be taxed at 10%. The tariffs on the United States’ three largest trading partners will go into effect on Tuesday.
OPEC+ to Review Oil Supply Curbs While Trump Tariffs Roil Market
Key OPEC+ members are due to gather online Monday for a review meeting at which they’re expected to leave current supply plans unchanged.
44m
on MSN
Oil prices jump, metals and agri commodities come under pressure as tariffs rattle markets
Oil prices advanced on Monday on the back of U.S. tariffs imposed on imports from Canada, Mexico and China, while metal and ...
6h
Oil prices climb after US tariffs spark supply disruption fears
Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of ...
3h
Oil Rises as U.S. Tariffs Spark Supply Concerns
Oil prices jumped in early trade after U.S. President Trump imposed hefty tariffs on major trading partners, raising fears of ...
Crude Oil Prices
3h
Vitol Expects Oil Demand to Remain Robust Until 2040
Vitol, a major oil trader, forecasts that global oil demand will remain steady for the next 15 years, defying predictions of ...
3d
Oil prices to see little upside as weak demand, supply glut concerns persist
Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll ...
Sun Star
7h
Mixed oil price adjustments set Feb.4
Oil firms announced mixed price adjustments effective Tuesday.In separate advisories on Monday, Caltex, Cleanfuel, Petro Gazz ...
Crude Oil Prices
14h
Court Quashes Hopes for New Oil, Gas in UK’s North Sea
A Scottish court ruled that the UK government’s approval of Equinor’s Rosebank and Shell’s Jackdaw oil and gas projects was ...
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