6 d. 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

6 d. 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

6 d. 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 Tariff on sand is a major blow to Alberta's oil patch: industry experts

Train car after train car, filled with Wisconsin sand. It’s vital to the Alberta oil and gas industry. Of the approximately eight million tonnes of sand the Canadian oil and gas industry uses every year, about two-thirds of it comes from the state of Wisconsin. As of this week, it’s on the list of American […]

Politics

3 w. ago Oil Set for Biggest Weekly Loss Since October on Tariff Turmoil

Oil was on track for the biggest weekly decline since October as US President Donald Trump’s on-off tariffs against major trading partners injected volatility and uncertainty into global markets.

Economics

3 w. ago Varcoe: Last call for U.S. booze, but Alberta will keep serving oil and gas in tariff war

'The diplomatic approach has not yielded the success we hoped and so we do need to get tougher. We do need to put elbows-up'

Economics

3 w. ago From lobsters to oil and gas: Maritime businesses unsure of U.S. tariff impact

Export-based businesses across the Maritimes are in shock and unsure of the economic impact from U.S. President Donald Trump's tariffs that came into effect Tuesday. 

Economics

3 w. ago Oil Extends Decline as Signs of Tariff Relief Spark Uncertainty

US oil pushed lower after Commerce Secretary Howard Lutnick said the Trump administration could walk back some tariffs on Mexico and Canada, injecting more uncertainty into global markets.

Economics