29 h. ago Hedge Funds Reversed Oil Bets at Record Pace After Trump Tariffs

Hedge funds reversed their position on oil at the fastest pace on record as US President Donald Trump imposed tariffs against major trade partners, threatening to cripple global energy demand.

Economics

36 h. ago Trump’s Energy Secretary Says Fear Over Oil Prices Misplaced

US Energy Secretary Chris Wright said the selloff in the oil market is overblown, and he expects American crude produces to keep increasing production.

Politics

3 d. ago Trump Signs Order to Protect Big Oil From State Emissions Fines

US President Donald Trump is ordering the Justice Department to take legal action against states that impose fines on fossil fuel companies for their greenhouse gas emissions.

Society

3 d. ago Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank

The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices.

Economics

5 d. ago Oil Boss Says Trump Administration Better Have a Plan Amid Rout

A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a US oil boss.

Politics

9 d. ago Oil Extends Sharp Drop After Surprise OPEC+ Hike, Trump Tariffs

Oil fell further after President Donald Trump’s tariffs and an OPEC+ decision to increase output faster than previously announced triggered the worst rout since 2022.

Economics

9 d. ago Commodities Hit as Trump’s Tariffs Threaten Demand and Economy

Commodities from oil to industrial metals to grains slipped as President Donald Trump’s tariff onslaught ratcheted up a trade war that threatens to hurt the global economy and demand for raw materials. Gold steadied after hitting a fresh record high.

Economics

1 week ago Oil Drops as Trump’s Trade War Stokes Concern About Crude Demand

Oil retreated after US President Donald Trump ratcheted up his trade war with sweeping tariffs on major trading partners, raising concerns that economic turmoil will hurt crude demand.

Economics

1 week ago Alberta Premier Smith expects key industries to escape imposition of new U.S. tariffs

Alberta Premier Danielle Smith says she expects some major industries, including those in her province, won’t face new tariffs from U.S. President Donald Trump. Smith told reporters Tuesday that things could change, but she thinks food production and oil and gas won’t be targeted under Trump’s new tariff plan, which is set to be announced […]

Economics

1 week ago Alberta Premier Danielle Smith expects some industries to escape new U.S. tariffs

Danielle Smith says that since Canada doesn't tariff imports of U.S. oil or most food products, she expects those industries to remain unscathed.

Economics

1 week ago Oil Holds Hefty Advance With Trump Sanctions, Tariffs in Focus

Oil steadied after jumping on Monday as President Donald Trump suggested that the US may work to curtail crude shipments from Russia, the world’s third-largest producer and a major exporter.

Economics

1 week ago Oil Steadies as Traders Weigh Trump’s Threat of Russia Penalties

Oil steadied as investors weighed the fallout from President Donald Trump’s threat of fresh penalties on Russian crude if a ceasefire with Ukraine could not be reached.

Economics

1 week ago Oil Swings as Traders Weigh Trump’s Threat of Russia Penalties

Oil fluctuated as the market weighed Donald Trump’s mixed remarks on the threat of fresh penalties on Russian crude if his counterpart Vladimir Putin refuses a ceasefire with Ukraine.

Economics

1 week ago Oil Slips as Traders Weigh Trump’s Threat of Russia Penalties

Oil pushed lower as the market weighed Donald Trump’s mixed remarks about the threat of fresh penalties on Russian crude if his counterpart Vladimir Putin refuses a ceasefire with Ukraine.

Economics

1 week ago Trump Says He’s ‘Very Angry’ With Putin, Threatens Oil Penalties

President Donald Trump said he’s “pissed off” at Russian President Vladimir Putin and would consider “secondary tariffs” on Russian oil if a ceasefire with Ukraine can’t be reached, NBC News reported.

Politics

2 w. ago Bullish Oil Options Wagers Surge as Trump Ramps Up Sanctions

Traders have been snapping up bullish oil options to hedge against the risk that US sanctions will cause prices to spike.

Events

2 w. ago China Refiners Face Yet Another Blow as Trump Presses Venezuela

China’s private refiners, long plagued by excess capacity and paper-thin margins, are facing yet another setback as the Trump administration imposes a 25% tariff on any buyer of Venezuelan oil and gas.

Other

2 w. ago Trump Vows 25% ‘Secondary’ Tariff on Buyers of Venezuelan Oil

President Donald Trump on Monday threatened a 25% tariff on any nation purchasing oil and gas from Venezuela, ratcheting up his dispute with the Latin American country over immigration with a move that risks roiling the global energy trade.

Economics

2 w. ago Trump says countries that buy Venezuelan oil will face 25% tariff

WASHINGTON — President Donald Trump said Monday he would be placing a 25% tariff on all imports from any country that buys oil or gas from Venezuela as well as imposing new tariffs on the South American country itself. In a Truth Social post, Trump said Venezuela has been “very hostile” to the U.S. and […]

Economics

3 w. ago Stock market today: Asian shares are mixed after Wall St edges lower on US policy uncertainty

HONG KONG (AP) — Asian shares were mixed on Friday after Wall Street retreated as investors were rattled by uncertainties brought by U.S. President Donald Trump. U.S. futures were nearly unchanged and oil prices advanced. Chinese markets declined for a second day. Hong Kong’s Hang Seng tumbled 2% to 23,733.02 after China kept its key […]

Economics