U.S. tariffs

U.S. energy giants set to sign $34 billion worth of deals with Indonesia

July 7, 2025

(Oil Price)– U.S. supermajors ExxonMobil and Chevron, Indonesia’s state energy firm Pertamina, and other companies from the two countries are expected to sign later on Monday a memorandum of understanding for commodity purchases by Indonesia for a massive $34 billion, an Indonesian official told Reuters. Apart from energy deals and investments, the memorandum will include Indonesian pledges to buy U.S.

Did oil markets overreact to Trump’s tariffs?

April 14, 2025

(Oil Price) – Last week’s price crash, which saw Brent Crude prices dip below $60 per barre, was an excessive market reaction to the U.S. tariffs, with speculators assuming there would be no growth in oil demand due to recession fears, Gunvor’s head of research Frederic Lasserre told Bloomberg. “I think the market overreacted,” Lasserre told Bloomberg in an interview, commenting on last week’s

Oil prices fall 2% to 12-week low with OPEC+ set to increase output

March 3, 2025

(Investing) – NEW YORK -Oil prices fell about 2% to a 12-week low on reports OPEC+ will proceed with a planned oil output increase in April and on worries what U.S. tariffs would do to global economic growth and oil demand. The Organization of the Petroleum Exporting Countries and its allies like Russia, known as OPEC+, has decided to proceed with

Alberta projects C$5.2-billion budget deficit if Trump tariffs proceed

February 28, 2025

(BOE Report) – Canada’s oil-producing province of Alberta on Thursday forecast a budget deficit of C$5.2 billion ($3.5 billion) for the 2025/26 fiscal year if U.S. tariffs are implemented and decrease government revenues and slow economic growth. The outlook reflects a dramatic reversal of Alberta’s fiscal health, following what is expected to be a C$5.8-billion budget surplus in the current fiscal

U.S. energy giants set to sign $34 billion worth of deals with Indonesia

Did oil markets overreact to Trump’s tariffs?

Oil prices fall 2% to 12-week low with OPEC+ set to increase output

Alberta projects C$5.2-billion budget deficit if Trump tariffs proceed

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