Tariffs could have mixed effects on oil in particular. According to Rob Thummel, senior portfolio manager at Tortoise Capital, Canada exports approximately 4 million barrels of oil per day to the US.

Oil prices dipped slightly as traders weighed bullish U.S. demand and production data against lingering tariff uncertainty ...

President Trump has flagged that US tariffs on pharmaceutical imports are likely to kick in on Aug. 1, with duties on ...

The most common U.S. diesel price stood at $3.59 per gallon, unchanged from last week, followed by $3.69, $3.49, $3.39, and $3.29, rounding out the top five most common prices.

Perryman said tariffs affect the oil and gas industry from two primary directions. Ray Perryman “First they will tend to slow the global economy, reducing demand for fuels and hence tending to ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Oil prices deepened their slide Friday, with WTI trading at $61.80—down $5.15 (-7.69%) on ...

The tariffs, which will take effect on Feb. 4, include a 25% levy on most goods from Mexico and Canada, ... The investment bank kept its 2025/2026 oil price forecasts unchanged, ...

An offshore oil rig support vessel leaves the harbour at St John's, Newfoundland, Canada, February 2, 2025 after tariffs were imposed by the U.S. on Canadian exports. REUTERS/Greg Locke ...

Trump's tariffs have companies scrambling as they navigate cost increases. Here are the companies that have talked about ...

Tariffs, slumping prices set table for Trump’s oil summit. By Mike Soraghan, Carlos Anchondo | 03/19/2025 06:49 AM EDT . Oil and gas leaders are pleased with the president’s deregulatory ...

U.S. retail gasoline prices are set to climb in the coming weeks as new tariffs imposed by the administration of President Donald Trump raise the cost of energy imports, according to traders and ...