Trump is driving uncertainty in oil markets as he pressures OPEC to boost production while threatening some trade partners with tariffs.
Oil markets have been fully focused on Trump this week, with particular attention being paid to his tariff threats and whether he will follow through with them. Uncertainty surrounding Trump 's tariff threats on Canada and Mexico has been the key theme this week, with the oil market s awaiting February 1 to see whether it's all part of a negotiation tactic or might become a reality.
the national oil company of the UAE, transferred its own tanker fleet to Singapore based shipping giant Navig8 after it bought 80% of the firm for $1.04 billion and committed to purchase the remaining 20% by mid-2027 for $335 million to $450 million.Service Giants Warn of American Drilling Slowdown.
Trump Uncertainty Oil Prices Oil Market Tariffs Trade
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