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 ...
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 ...
U.S. crude oil inventories increased for the first time in 10 weeks, beating analyst’s expectations, as exports fell and ...
Canadian oil producer Imperial Oil posted a fall in fourth-quarter profit on Friday, after lower crude prices offset the ...
Richard Grenell, one of Donald Trump’s closest advisors, is set to meet with Venezuelan President Nicolás Maduro this Friday ...
There is a raging concern that the Naira-for-Crude initiative, which ensures local refineries receive crude oil in Naira and ...
Oil prices fell on Wednesday, following a rise in U.S. crude stockpiles and easing worries over Libyan supply, while focus ...
Canada warns US tariffs on Canadian oil could force America to rely on oil from Venezuela, a country the US avoids.
The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, ...
Crude oil consumption and imports are projected to increase further due to increased demand for petroleum fuels and products.
Crude oil trader Julien Roper left Switzerland-based commodities trader Mercuria on Thursday, five trading sources with ...
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