Houston oil companies could cut jobs as Trump's tariffs threaten industry

Trump’s Tariffs Are a Catastrophe for the Oil Industry

A double whammy of presidential policies — more OPEC output and historic trade levies — are sending fossil stocks tumbling.

Today’s Oil Prices Aren’t Survivable For US Producers

Oil continued its dive into Friday—Brent dropped below $66, WTI scraped $62—and if you’re thinking, hey, haven’t seen those levels since 2021, you’re not wrong. Today’s WTI prices are not sustainable for some US producers. A perfect storm began to brew late Wednesday. First came President Trump’s broadside tariff blitz—blanket duties slapped on all U.S. trading partners, sparking fears of a global trade war. Yes, energy was exempt from the tarif…

Houston oil companies could cut jobs as Trump's tariffs threaten industry

Houston oil companies are trimming jobs to weather the storm. It remains unclear how far prices will fall, but they’re already battening down the hatches.

Oil Execs Warn Privately That Trump’s ‘Chaos’ Could Be ‘Disaster’ for Their Industry

“Chaos.” “A disaster.” “Uncertainty.” “Very negative.” That’s a sample of the reactions to Trump’s first few months published in the latest Dallas Fed Energy Survey, which gives executives from nearly 200 oil companies headquartered in Texas the chance to speak anonymously about burning issues inside the oil industry. The closely-watched oil patch survey released last week exposed an emerging gap between Trump’s MAGA movement and the financial i…

The 25% tariffs Trump imposed on countries that buy oil from Venezuela creates uncertainty for a domestic oil sector that is already heavily hit by the revocation of licenses to Chevron and other oil companies operating in the country

Volatility by nature, the price of oil suffers the immediate consequences of the staggering increases in US customs duties. As a result of the prospects of a decline in world economic activity and thus of the fall in demand, the price fell as early as Thursday morning. But for how long?