U.S. Oil Companies Are ‘Battening Down the Hatches’
Posted inCommodities Company Reports Customs (Tariff) Diamondback Energy Inc. Drilling and Boring International Energy Agency International Trade and World Market Layoffs and Job Reductions Natural Gas Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Permian Basin (North America) Prices (Fares, Fees and Rates) Production Saudi Arabia Trump, Donald J United States Economy United States Politics and Government

U.S. Oil Companies Are ‘Battening Down the Hatches’

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
Exxon and Chevron Report Lower Profits While Girding for Tariffs
Posted inBaker Hughes Inc Biden, Joseph R Jr Chevron Corporation Company Reports Customs (Tariff) Exxon Mobil Corp International Trade and World Market Natural Gas Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Regulation and Deregulation of Industry Steel and Iron Trump, Donald J United States Economy United States Politics and Government Woods, Darren W (1965- )

Exxon and Chevron Report Lower Profits While Girding for Tariffs

President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
Boeing Reports Smaller Loss but Trade War Threats Loom
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Boeing Reports Smaller Loss but Trade War Threats Loom

The plane maker, which has been trying to recover from a quality crisis, could lose orders in China as a result of President Trump’s tariffs.
Trump’s Tariffs Leave Automakers With Tough, Expensive Choices
Posted inAutomobiles Canada Customs (Tariff) Electric and Hybrid Vehicles Factories and Manufacturing Fain, Shawn General Motors International Trade and World Market Layoffs and Job Reductions Mexico Organized Labor Prices (Fares, Fees and Rates) Production Stockpiling Trump, Donald J United Automobile Workers United States United States Politics and Government Volkswagen AG

Trump’s Tariffs Leave Automakers With Tough, Expensive Choices

Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.