European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently …
Read More »Trump Unleashes LNG and Drilling Free-for-All
President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as …
Read More »Trump’s Energy Policies Cast Shadow over U.S. Wind Industry
President Trump has been emphatic about his support for oil and gas throughout his electoral campaign and since coming into office. In addition, he has made it clear that he is far less supportive of renewable energy, calling Biden’s groundbreaking climate policy – the Inflation Reduction Act (IRA) – a …
Read More »Trump Is Looking for Ways to Cancel $400 Billion in Clean Energy Loans
The Trump administration is looking into ways to cancel federal loans granted by the Department of Energy for transition projects from a $400-billion fund, Bloomberg has reported, citing an unnamed source. According to the report, the new leadership at the Department of Energy would focus its financial firepower on projects …
Read More »Oil Rises as Trump Slaps Tariffs on Biggest Crude Supplier to US
Oil advanced as US President Donald Trump placed hefty tariffs on a range of imports, including crude from Canada and Mexico, threatening higher costs for American consumers. US marker West Texas Intermediate (WTI) jumped as much as 3.7 per cent before paring about half of those gains to trade near …
Read More »Tariffs Seen Disrupting Oil Market, Raising US Pump Prices
US President Donald Trump’s tariffs on imports from Canada and Mexico threaten to disrupt North America’s tightly integrated oil market and push up gasoline prices for American motorists. Trump on Saturday signed orders implementing a levy of 10% on imports of Canadian energy, along with general levies of 25% on …
Read More »Oil Slips as Trump Calls for OPEC to Cut Prices
Oil prices slipped on Monday after US President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost US oil and gas output in his first week in office. Brent crude futures dropped 53c, or 0.68%, to $77.97 a barrel by 4.30am GMT after settling …
Read More »Oil Executives Fume as Trump Shakes up Climate Rules again
President Donald Trump has been busy reversing the Biden administration’s so-called climate policies from the moment he was sworn in. He declared a national energy emergency, revoked the Biden ban on new LNG export capacity, and suspended some $300 billion in funding for transition projects in the country. With that, …
Read More »Trump Reignites Coal Industry at Davos
In classic Trump fashion, the President declared at the World Economic Forum in Davos, “Nothing can destroy coal. Not the weather, not a bomb. It’s a great backup.” These words, delivered with signature bravado, sent a warm glow through U.S. coal producers—along with a noticeable bump in their stock prices. …
Read More »Shale Investors Unlikely to Heed Trump’s Call for an Oil Boom
Despite President Trump’s “drill, baby, drill” policies, it will be oil prices and Wall Street that will determine how much U.S. oil production will grow in the near term, shale investors and executives say. President Trump signed on his first day in office an executive order to unleash America’s energy …
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