Week Recap: Trade War and Tariffs Impact Global Markets, Cause Oil Prices to Plummet

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner discuss these issues, highlighting the potential long-term impact on the oil and gas industry. The oil market has been highly volatile, with prices fluctuating between $55 and $62 per barrel, driven by President Trump's tariffs and global trade tensions. The uncertainty is fueled by concerns over a potential recession, with lowered future demand projections from OPEC and other industry forecasts. The tariffs aim to right-size trade and encourage negotiations, particularly with China, while countries like India and the EU are increasingly aligning with the U.S. as they move away from China's influence. Amidst this turmoil, oil companies must adapt to price swings, ensuring their investments are resilient. Highlights of the Podcast 00:00 - Intro 02:19 - Trump Tariffs Threaten UK Economic Stability 07:51 - Trump Threatens 50% More China Tariffs, Teases Talks With Others 09:57 - South Africa needs all the products and transportation fuels that renewables cannot provide 13:14 - Trump to sign executive orders aimed at reviving coalHow does the steel market feel about Trump’s Tariffs? 16:09 - Oil Prices Drop to Lowest Level Since Pandemic as Trade War Accelerates 26:40 - Outro Please see the links below or articles that we discuss in the podcast. Trump Tariffs Threaten UK Economic Stability Trump Threatens 50% More China Tariffs, Teases Talks With Others South Africa needs all the products and transportation fuels that renewables cannot provide Trump to sign executive orders aimed at reviving coalHow does the steel market feel about Trump’s Tariffs? Oil Prices Drop to Lowest Level Since Pandemic as Trade War Accelerates Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter ENB Top News Energy Dashboard ENB Podcast ENB Substack ENB Trading Desk Oil & Gas Investing – Get in Contact With The Show –