OPEC producers, US oil companies are private and have shareholders to pay, and secondly, the producer’s breakeven prices for new oilfields is fairly high (around USD 65/b). Against this backdrop, there is an obvious contradiction between encouraging private companies to invest and the risk of damaging their profitability.

Oil prices rise on the first day of trade after the US imposed tariffs on Canada and Mexico, with analysts divided on the long-term impact.

The Energy Information Administration (EIA), in its January Short-Term Energy Outlook, is forecasting global oil prices (Brent crude oil)

US President Donald Trump signs executive order that imposes 25% tariffs on imports from Canada and Mexico - Anadolu Ajansı

Oil prices eased to a four-week low in volatile trade on Monday as the market reacted to U.S. President Donald Trump's planned imposition of tariffs on Canada, Mexico and China on Tuesday. Concerns over imports from two of the main crude suppliers to the U.

The US crude benchmark outpaced gains in other oil markets after President Donald Trump announced tariffs that threaten flows from two of America’s biggest foreign suppliers.

US oil prices have risen since tariffs were imposed on imports from Canada and Mexico, which have already affected the American fuel market. Brokers report that gasoline contracts are gaining strongly.

The U.S. oil and gas industry is nervous about President Donald Trump’s decision to impose tariffs on Canadian energy products. Trump signed an executive order Saturday that adds a 10 percent tariff on oil,