Category: Oil (Petroleum) and Gasoline

Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook

Crude oil now costs around 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.
Slumping Oil Prices Reflect Intensifying Economic Worries

Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — were weighing on the market.
Trump’s Threatened Tariff on Buyers of Venezuelan Oil Could Squeeze China

Venezuela owes China’s banks about $10 billion, and its oil is about the only legal way it has to pay them back.
Oil Producers Follow Trump’s Tariffs With a Surprise Increase

Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a sharp fall in prices.
Oil and metals prices fall on concerns about the global economy.

The combination of lower oil prices and higher costs for essential materials like steel pipe threatens to squeeze domestic oil and gas producers.
What Oil Executives Want From President Trump

Tariffs, tax credits and deregulation are among the industry’s top priorities.
How A.I. Companies Are Turning Into Energy Companies

The race to build the best artificial intelligence products is resulting in a worldwide search for new energy sources to power tech giants’ data centers. Karen Weise, a technology correspondent for The New York Times, describes how these A.I.-specific data centers are more power-intensive and how tech companies are investing in new ways to bring more electricity to the grid.
Can Trump and Musk Convince More Conservatives to Buy Teslas?

President Trump rallied support for Elon Musk’s car company, but there may not be enough conservatives willing to buy electric cars to make up for the Democrats who now shun Teslas.
Hope for a Trump Energy Boom Is Marred by Anxiety About Tariffs

Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.
Mercedes’s Most Affordable Sedan Will Be Electric

The German luxury carmaker said its latest compact sedan solved problems that had kept people from buying electric vehicles.
Solar Energy, Criticized by Trump, Claims Big U.S. Gain in 2024

The added capacity for the year was the most from any single source in more than two decades.
Oil Prices Drop Amid Concerns Over Trump’s Tariffs and OPEC Increases

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.