(Investing) – LONDON -Oil prices steadied near five-week highs on Tuesday as threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran countered worries about the impact of a trade war on global growth. Brent futures were up 3 cents, or 0.04%, at $74.80 a barrel at 1352 GMT, after rising to above $75 a barrel
(Investing)– WASHINGTON – U.S. President Donald Trump said he had a productive call on Friday with Canadian Prime Minister Mark Carney and that the two leaders would meet after Canada’s election, which is scheduled for next month amid increased tensions between the neighboring allies. “It was an extremely productive call, we agree on many things, and will be meeting immediately after
(Investing) – Oil prices jumped on Wednesday, extending earlier gains that were powered by a weaker U.S. dollar, although persistent concerns over the impact of tariffs on global demand limited the uptick. By 11:00 ET (15:00 GMT), Brent futures had gained 1.8% to $70.83 per barrel, while U.S. West Texas Intermediate crude futures had climbed by 2.1% to $67.65 a barrel. The greenback
(BOE Report) – CALGARY – The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil. It said in a news release that there was a meeting on Monday, but it did not identify the company or say what part of the world
(Oil Price) – A national energy emergency declaration, a pledge to boost oil and gas production, and the threat of tariffs on Canadian oil—these are just a few of President Trump’s first moves in the energy game since he came into office. These moves have potential implications for energy companies around the world—and this includes Argentina, which just booked a major
(Oil Price) – Donald Trump’s victory in last week’s elections has worried many people. The reason they are worried is the word tariffs. Trump has threatened to impose tariffs on every country he sees as having an unfair trade advantage over the United States. One country is lucky, however. That county really does have an advantage—and tariffs will not erase this advantage.
CNBC BEIJING — U.S.-China trade tensions are set for more predictability after Joe Biden’s presidential win — which likely means calmer rhetoric in a continued tough stance on Beijing. Following years of brewing U.S. complaints about unfair business practices by China’s state-dominated system, President Donald Trump stepped up pressure on Beijing with policy measures that were often abruptly first floated through social media
Oil and Gas 360 The employment impact of President Trumps inaction on immediately placing punitive tariffs on Russian, Saudi and OPEC oil imports has already hit the US oil and gas industry. Granted, these “Price War” employment impacts are a continuation of layoff, first associated with massive market-responsive 2020 capex budget cuts, then additional layoffs related to the energy demand
Oil and Gas 360 The employment impact of President Trumps inaction on immediately placing punitive tariffs on Russian, Saudi and OPEC oil imports has already hit the US oil and gas industry. Granted, these “Price War” employment impacts are a continuation of layoff, first associated with massive market-responsive 2020 capex budget cuts, then additional layoffs related to the energy demand
Houston Chronicle Oil edged higher to settle at a three-month high on optimism that a partial trade deal between the world’s two largest economies will spur demand for fuel to power trucks, trains, airplanes and cars. Futures closed above the $60-a-barrel mark for a second straight session Monday in New York. Bullish bets rose the most in three years in
Reuters BEIJING/SINGAPORE – China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15. Before Sunday’s deal, U.S. corn, sorghum, wheat, undenatured ethanol, and refined copper cathodes had faced an additional tariff of 10% an imports
From Reuters Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal. Brent crude LCOc1 settled up 81 cents, or 1.4%, at $59.51 a barrel. U.S. West Texas Intermediate crude CLc1 ended $1.29, or 2.4%, higher
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