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 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.
Oil prices post weekly drop as outline of Trump’s tariff plans emerges
Oil futures ended lower Friday, contributing to a loss for the week, though prices held on to a gain for the month as traders awaited a tariff decision by President Donald Trump on crude imports from Canada and Mexico.
Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil
SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector.
Trump promised to lower gas prices. His tariffs could have the opposite effect.
One chart shows why US gas prices could spike under Trump's tariff plans.
Trump says tariffs on Canada and Mexico coming Saturday, and he’s deciding whether to tax their oil
President Donald Trump says his 25% tariffs on Canada and Mexico are coming on Saturday. Trump also said he'll "probably” decide on Thursday night whether to include oil from those countries as part of his import taxes.
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.
These prices could climb within days if Trump slaps tariffs on Canada and Mexico
The Trump administrations says the tariffs will take effect on Feb. 1. Tariffs on goods from Mexico and Canada that are set to take effect could hike the price of a gallon of gasoline for some drivers by as much as 70 cents and send grocery bills climbing, experts told ABC News.
Here are some goods in the crosshairs of Trump’s tariffs on Mexico, Canada and China
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday.
Oil falls as Trump repeats call for OPEC to cut prices
Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.
Trump says Americans could feel 'some pain' from his new tariffs
Canada will first target alcohol, cosmetics and paper products; a second round later will include passenger vehicles, trucks, ...
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 ...
Crude Oil Prices3d
Why OPEC Is Unlikely To Bow To Pressure From Trump
Saudi Arabia's energy minister and several of his OPEC+ counterparts held talks following Trump’s call to lower oil prices, ...
Here are some items that could become more expensive with Trump's tariffs
Experts say new tariffs on items like food and oil could affect consumers. Here are some of the items affected by proposed ...
Trump says he will 'absolutely' impose tariffs on E.U.
President Donald Trump on Jan. 31 said U.S. consumers would "understand" temporary disruptions caused by tariffs.