HOUSTON — The U.S. could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other energy resources, Energy Secretary Chris Wright said Monday. Wright said such a scenario is “certainly is possible” but “it’s too early to say” in response to a question from CNBC during a press conference at…
Thirty-two migrants attempting to cross the Mediterranean have been rescued by an NGO ship after spending several days stranded on an oil platform off the coast of Tunisia. “Women, men and children” were shipwrecked with no food or water, according to Mediterranea, a migrant rescue charity. One person on the platform had died, the charity…
India will cooperate with international sanctions, the country’s oil minister told CNBC on Tuesday, as markets eye future U.S. policy under the new administration of President Donald Trump. “We play by the rules. If there is an international sanction, which is anchored, we would not want to go around it or anything,” India’s Minister of…
A construction worker climbs above a line of fencing at the site of a large public infrastructure reconstruction project of an elevated roadway and bridges in upper Manhattan in New York City, New York, U.S., April 22, 2021. Mike Segar | Reuters The infrastructure that makes up the U.S. is, in some cases, flailing. More…
Oil field, Alberta, Canada Norm Betts | Bloomberg | Getty Images Oil prices are likely to fall in the longer run after the initial jump following President Donald Trump’s implementation of hefty tariffs on Canada, Mexico and China, said industry watchers. Over the weekend, Trump followed through on his long-threatened 25% tariffs on imports from…
Ukraine says its forces successfully hit an oil refinery in the Russian town of Kstovo, around 800 kilometres (500 miles) from the front lines in eastern Ukraine. Four drones hit a Lukoil company depot, Ukrainian media said, adding that the facility suffered significant damage. Videos posted on social media showed large flames rising over an…
BBC A still taken from video verified by the BBC as genuine at the Ryazan oil refinery Ukraine reportedly hit a Russian oil refinery and targeted Moscow during an attack involving a wave of at least 100 drones, one of the largest single operations of its kind during the war. Video footage verified by the…
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-reduction exercise. “Today, we have today told staff across bp that…
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images Oil-linked shipping costs rallied after last week’s announcement of tighter U.S. sanctions to drain Russia’s war coffers, in a move that poses significant threats to Moscow’s maritime distribution chains. On Jan. 10, the U.S. Treasury Department announced fresh measures to…
If President-elect Donald Trump follows through with his threat to impose tariffs on Canadian goods, Ottawa is prepared to retaliate with levies that could take aim at the energy sector, Canada’s minister of international trade, Mary Ng, said Thursday. “Everything is on the table,” Ng told global markets reporter Seema Mody on CNBC’s “Squawk on…
