• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Stock Market

Oil prices tick down on plan to boost US oil output, tariff reprieve By Reuters todayheadline

January 21, 2025
in Stock Market
Reading Time: 2 mins read
A A
0
© Reuters. File Photo: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
4
SHARES
9
VIEWS
Share on FacebookShare on Twitter


By Colleen Howe

BEIJING (Reuters) -Oil prices slipped in Asian trading on Tuesday after President Donald Trump announced a plan to boost U.S. oil and gas production and held off on applying new tariffs.

futures dipped 11 cents, or 0.14%, to $80.04 per barrel by 0156 GMT.

The most actively traded West Texas Intermediate crude March contract fell by 67 cents to $76.72 a barrel from Friday’s close. There was no settlement in the U.S. market for Jan. 20 due to a public holiday. The February contract expires on Tuesday.

President Donald Trump announced a plan to boost U.S. oil and gas production and said he was thinking of imposing 25% tariffs on imports from Canada and Mexico from Feb. 1 rather than immediately, which helped push oil prices down.

But down the track, tariffs on Canadian crude could drive the market higher.

Almost all of Canada’s oil exports go to the U.S. and typically sell at a discount to WTI. “U.S. sanctions therefore raise the risk of higher costs for most of Canada’s oil exports,” Commonwealth Bank analyst Vivek Dhar said in a note.

Trump laid out a sweeping plan to accelerate oil, gas and power permitting in order to maximise already record high U.S. energy production.

While he did not impose any sweeping new trade measures right away, he told federal agencies to investigate unfair trade practices by other countries.

Trump also said the U.S. would “probably” stop buying oil from Venezuela. The U.S. is the number-two buyer of Venezuelan oil after China.

He additionally promised to refill strategic reserves, a move that could be bullish for oil prices by boosting demand for oil.

!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);

Previous Post

Trump not confident ceasefire in Gaza will hold todayheadline

Next Post

Prediction: Quantum Computing Will Be the Biggest AI Trend in 2025, and This Stock Will Lead the Charge todayheadline

Related Posts

Oppenheimer maintains outperform rating on Coinbase stock todayheadline

June 6, 2025
6

Taiwan stocks higher at close of trade; Taiwan Weighted up 2.32% todayheadline

June 6, 2025
8
Next Post
RGTI Chart

Prediction: Quantum Computing Will Be the Biggest AI Trend in 2025, and This Stock Will Lead the Charge todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
England's 10 days of turmoil leave Euro 2025 squad questions for Wiegman

England’s 10 days of turmoil leave Euro 2025 squad questions for Wiegman

June 6, 2025
Two people discussing documents together in kitchen.

Forgetting About These 3 2025 Retirement Account Changes Could Cost You todayheadline

June 6, 2025

Oppenheimer maintains outperform rating on Coinbase stock todayheadline

June 6, 2025
YouTube Thumbnail

Dehorning Rhinos Cuts Poaching by 78% – Saving Thousands of Animals’ Lives : ScienceAlert todayheadline

June 6, 2025

Recent News

England's 10 days of turmoil leave Euro 2025 squad questions for Wiegman

England’s 10 days of turmoil leave Euro 2025 squad questions for Wiegman

June 6, 2025
5
Two people discussing documents together in kitchen.

Forgetting About These 3 2025 Retirement Account Changes Could Cost You todayheadline

June 6, 2025
5

Oppenheimer maintains outperform rating on Coinbase stock todayheadline

June 6, 2025
6
YouTube Thumbnail

Dehorning Rhinos Cuts Poaching by 78% – Saving Thousands of Animals’ Lives : ScienceAlert todayheadline

June 6, 2025
6

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

England's 10 days of turmoil leave Euro 2025 squad questions for Wiegman

England’s 10 days of turmoil leave Euro 2025 squad questions for Wiegman

June 6, 2025
Two people discussing documents together in kitchen.

Forgetting About These 3 2025 Retirement Account Changes Could Cost You todayheadline

June 6, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co