Trump, Texas Oil and Executives
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The New York Times |
Oil is trading at its lowest level in nearly four years. Costs are rising. And Wall Street is growing more worried by the day that President Trump’s trade policies will tip the United States into a r...
Reuters |
Oil prices settled down more than $1 a barrel on Tuesday at a four-year low as investors priced in an increasing likelihood of a recession due to the escalating trade war between the U.S. and China, t...
Reuters |
Oil prices dropped to their lowest in more than four years in early trade on Wednesday on looming demand concerns fuelled by an escalating tariff war between the U.S. and China, the world's two bigges...
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Pres. Trump signs executive order on coal
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The Associated Press - Business News |
President Donald Trump on Tuesday signed a series of executive orders aimed at boosting the struggling coal industry, a reliable but polluting energy source that’s long been in decline.
Reuters |
U.S. President Donald Trump issued an executive order on Tuesday that aims to block the enforcement of state laws passed to reduce the use of fossil fuels and combat climate change.
Yahoo |
The Commerce Secretary said the U.S. government would “protect” companies that “invest in America.”
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Oil executives are warning that President Donald Trump's tariffs and his "drill, baby, drill" message have created uncertainty in energy markets that is already affecting investment. The ...
The biggest issue is arguably the potential impact of the Trump administration's tariffs. Some economists predict that steep tariffs will lead to slower economic growth. That's bad news for energy companies because the demand for oil and gas could fall in an economic slowdown.
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.
Fossil fuel firms are ramping up a decades-long fight against policymakers, academics, and activists who have sought to make them pay for their role in causing climate change.
Nigeria's President Bola Tinubu has appointed ex-Shell executive Bayo Ojulari and a new board to run the Nigerian National Petroleum Company, raising hopes of a much-needed overhaul at the troubled state-owned firm and a boost in oil production.
Key Takeaways Shares of energy companies, oil drillers, and oilfield services providers all fell early Wednesday.The price of crude oil dropped to its lowest level since 2021 and is down roughly 20% since President Trump announced tariffs last week.