Trump Says Looming Oil Tariffs Are Negotiable: ‘Depends On What Their Price Is’
All else equal, this would increase gasoline prices, which in most of the country have averaged $3 per gallon for the past year amid historically low levels of petroleum inventories (see chart). But Trump wants lower gasoline prices, which is why if the oil tariffs come at all, they will likely start slowly.
Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...
Canada warns US tariffs on Canadian oil could force America to rely on oil from Venezuela, a country the US avoids.
U.S. crude oil inventories increased for the first time in 10 weeks, beating analyst’s expectations, as exports fell and ...
U.S. President Donald Trump has set a Saturday deadline for imposing 25% tariffs on imports from Mexico and Canada unless the ...
Richard Grenell, one of Donald Trump’s closest advisors, is set to meet with Venezuelan President Nicolás Maduro this Friday ...
There's a possibility that ULSD futures can eke out a gain for the week, with the lightly traded February contract climbing 2.26cts to $2.50/gal, about 0.6% lower than a week earlier. March prices ...
Oil prices fell on Wednesday, following a rise in U.S. crude stockpiles and easing worries over Libyan supply, while focus ...
There is a raging concern that the Naira-for-Crude initiative, which ensures local refineries receive crude oil in Naira and ...
The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, ...
During the early hours of Thursday trading, though crude oil market looks as if it is trying to find some type of base at a couple of major support levels.
Canadian oil producer Imperial Oil posted a fall in fourth-quarter profit on Friday, after lower crude prices offset the ...
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