Tariffs Archives - Page 2 of 7

OPEC+ adopts plan for 2027 baselines ahead of July output hike talks

May 28, 2025

(Investing) – LONDON/MOSCOW -OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. The group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has been discussing new baselines – production

Canada’s crude oil shift to China schools Trump in unintended consequences: Russell

May 22, 2025

(BOE Report) – If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. Trump’s trade and tariff measures have forced commodity producers, traders and buyers to re-think long-established relationships, adapt to emerging realities and

Upstream M&A reached $17 billion in Q1 2025, Enverus says

April 28, 2025

(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. The M&A summary follows Enverus’ release of Investor Analytics, a new cutting-edge solution designed to offer investors a comprehensive view of key market dynamics. Upstream M&A opened 2025 with $17 billion

Oil prices stable amid economic uncertainty, OPEC+ supply fears

April 28, 2025

(Investing) – LONDON – Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, as well as the prospect of OPEC+ raising supply. Brent crude futures were down 15 cents, or 0.22%, at $66.72 a barrel, as of 1204 GMT. U.S. West Texas Intermediate

Oil prices fall nearly 2%, sources say OPEC+ to consider accelerating oil output

April 23, 2025

(Investing) – HOUSTON -Oil prices fell almost 2% on Wednesday as sources said OPEC+ would consider accelerating its oil output increases in June, but losses were curbed following a report that U.S. President Donald Trump may cut tariffs on Chinese imports. Brent crude futures were down $1.13, or 1.68%, at $66.31 by 12:31 p.m. EDT (1631 GMT) while U.S. West Texas Intermediate

Energy Market Assessment: Expectations and oil prices have bottomed with heading up to summer

April 22, 2025

(Oil & Gas 360) – Expectations And Oil Prices Have Bottomed With Heading-UP-To-Summer And Much Needing To Be Done Increasing With The Tariff Strategy. The drop in the price of crude oil, from its Winter high to a Spring-Time low exaggerated by Tariff Fear has us conclude the drop has bottomed. Cold air tugged the price of West Texas Intermediate

Kinder Morgan founder plays down the impact of tariffs on U.S. LNG

April 22, 2025

(Oil Price) – Richard Kinder doesn’t lose sleep over trade wars or chatbots. The billionaire co-founder of Kinder Morgan waved off the industry handwringing over U.S.-China LNG tariffs and the supposedly overhyped energy appetite of AI data centers. “Our view is that any loss of the Chinese market will be more than offset by the efforts of governments in the EU

A note on the news: Trump’s master class

April 21, 2025

(Oil & Gas 360) – The world now awaits Trump Shock III, but has not quite understood his Liberation Day imposition of tariffs on the world, followed by a 90-day pause a week later. This combination is described as Trump killing free trade and then backing down, blinking, climbing down, doing a U-turn, and so on. I surmise these criticisms

Goldman Sachs slashes oil price forecast to below $60 in 2026

April 7, 2025

(Oil Price) – Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had already cut its price outlook in the wake of the U.S. tariffs announcement last week. Goldman Sachs’s analysts issued a new note dated April 6, in which they slashed their 2026 oil price forecasts

Citi lowers 0-3 month Brent forecast to $60/barrel on tariff shock

April 7, 2025

(Investing) – Citi Research on Monday lowered its 0-3 month Brent price forecast to $60 per barrel and also reduced its 0-3 month copper and aluminium price forecasts to $8,000 per metric ton and $2,200 per ton, respectively due to the latest tariff announcements. Last week, U.S. president Donald Trump imposed a 10% baseline tariff on all imports to the U.S. and higher duties on

Oil steadies near $75 as market weighs tariffs, sanctions

April 1, 2025

(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

Trump says he had productive call with Canadian PM Carney

March 28, 2025

(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

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