Trending News: UK Business Calls For Scrapping Taxes on Electricity BillsCourt Rules Against Trump Order to Keep Michigan Coal-Fired Plant OperatingChina’s 70% EV Target Deals Another Blow to Oil DemandHormuz Shipping Traffic Plunges as Middle East War EscalatesChina’s Crude Imports Set to Hold at 7.2 Million Bpd in SeptemberEnergy Aspects: Oil Market Has Reached an “Inflection Point”ARRAY Technologies Inaugurates $50 Million Albuquerque Facility to Expand Domestic Solar ManufacturingOil Prices Surge to Four-Month Highs as War Risks MountU.S. Diesel Prices Top $6 a Gallon for First Time EverOil Prices Could Top $120 as Middle East Conflict EscalatesUK firm raises £600k to turn captured CO2 into semiconductor coatingsUK firm raises £600k to turn captured CO2 into semiconductor coatingsSouth East Asia Weekly: ERC Eases Grid Tests, Shell Adds 120 MWp Solar, ACEN Invests PHP 9B, Laguna Lake Advances 923 MWp, Skye Adds 1.7 MWp Rooftop, MTerra Starts 600 MW, Premier Expands StorageMERC Approves 10 MW Round-The-Clock Power Procurement At INR 5.60 Per kWh In MaharashtraGreen Energy Stocks Show Mixed Trading As Market Indices Decline On September 11Metacon and Peric bring new Chinese stacks to Europe electrolyser marketUK semiconductor startup receives ‘memory safe’ chip funding boostUK semiconductor startup receives ‘memory safe’ chip funding boostNoble Helium’s Tanzania helium drilling campaign slips to OctoberThailand To Launch Subsidised Rooftop Solar Programme For 1 Million HouseholdsWhat if the Assumptions Embedded in the Oil Curve Are Wrong?Czechia’s first biomethane auction sees bids exceed capacity fourfoldCzechia’s first biomethane auction sees bids exceed capacity fourfoldEurope biomethane players embracing demand-side complianceEurope biomethane players embracing demand-side complianceSenegal to Offer 109 Oil and Gas Blocks to InvestorsEIA Raises 2027 U.S. Oil Output ForecastOPEC Sees Oil Demand Growth Explode Sixfold in 2027Deep Fission completes borehole demonstrationPodcast: World Nuclear Outlook Report’s key findingsNew study sets ‘robust’ pathway for Honeymoon projectProxima announces plan for German HTS production facilityTips from China’s 56-month nuclear construction scheduleHSBC Raises 2026 Brent Forecast to $90 as Hormuz Crisis Drags OnIEA: Global Coal Demand Set to Hit Record High as Iran War Chokes LNG SupplyIran, USA Brace for Long WarAir Liquide files plans for A$45m Sydney ASU developmentSOL home care sales overtake technical gases in first half of 2026India Calls for Bigger Biofuel Push as Oil Prices SoarOil Tanker Rates Hit Record Highs as Middle East Shipping Risks SoarClean Hydrogen Investment Tops $130 BillionTotalEnergies to Bring New Angola Discovery Online in Just Three MonthsHDF Energy targets hydrogen-to-power deployments in IndonesiaOil Closes at Highest Level in 4 MonthsResonant boosts cryogenic capacity with Creapharm acquisitionTÜV SÜD opens Singapore decarbonisation centreOil Holds Above $100 as U.S.-Iran Tanker War EscalatesAustralia Softens Gas Reservation Rule for LNG ExportersGlobal Clean Investment Falls 17% as China Pullback Takes Its TollChina’s Coal Power Growth Stalls Across 17 Provinces as Clean Electricity and Electrification Reshape Energy DemandTata Steel Commissions First-of-its-Kind COG Injection Project in India to Support Low-Carbon Steel ProductionLICO to Supply Recovered Graphite From Lithium-Ion Batteries to Epsilon for Anode Material ProductionNPCL Invites Bids For 300 MW Round-The-Clock Renewable Energy SupplySungrow Outlines Shift Toward Integrated Energy Solutions as Grid Flexibility and Globalization Gain ImportanceHydrasun to assemble Nel PEM systems in ScotlandLiberia Suspends Import Tariffs On Solar And Renewable Energy Products For One YearChina, India emerge as clean hydrogen frontrunners in CEO surveyChina, India emerge as clean hydrogen frontrunners in CEO surveyGoogle Bets €13 Billion on Finland to Power AI Boom With Nuclear EnergyBelarus Refineries Post Decade-High Profits Amid Russia’s Fuel CrisisU.S. Crude Stocks Edge Lower as Oil Tops $100Iran Says Ready for Escalation after Trump WarningAustralia Deploys First Grid-Connected Sodium-Sulfur Battery, Integrating 1.45 MWh Storage With Solar PowerInox Solar Americas Signs 800 MW PV Module Supply Agreement for Projects in Colorado and GeorgiaCSERC Directs Chhattisgarh Utilities To Continue Existing Practice For Surplus Power ManagementAPTEL Sets Aside KERC Order, Grants SCOD Extension To 20 MW Kudligi Solar ProjectREC Limited Completes Sale Of Musalgaon Power Transmission SPV To MSETCLInspire Clean Energy Ranks #4 Among Independent Solar O&M Service Providers in Asia Pacific in Wood Mackenzie’s 2026 RankingsShell Energy Philippines Signs 15-Year Solar Agreement For Additional 120 MWp San Isidro Project In The PhilippinesDilip Buildcon Divests 51% Stake In INR 2,171 Crore Karnataka Power Transmission Project To Alpha AlternativesERC Simplifies Grid Compliance Tests For Legacy Power Plants Under Resolution No. 27 In PhilippinesTrinasolar Supplies 184,328 Modules for 126 MW Sarimay Solar Project in UzbekistanOrano CEO’s confident bet on Mongolian productionAfrica must be part of global nuclear renaissance, says Togolese leaderWestinghouse fuel approved for Czech Temelín unitsBannerman completes Etango funding, moves towards FIDNorman Foster says nuclear is key for ‘Electrical Revolution’TotalEnergies fast-tracks Angola oil discovery to first production in three monthsExxonMobil, ANPG Notch 20th Discovery in Angola’s Block 15Sinopec Sees China Oil Demand Falling 8.9% in 2026Ukraine Targets Russia’s Key Black Sea Oil PortBrent Breaks $100 for the First Time in Nearly Two MonthsIndia’s Refineries Run at Up to 108% as Diesel Demand SurgesDiesel Crunch Set to Worsen as Refining Capacity Falls Short, Industry WarnsMorgan Stanley: Oil Traders Are ‘More Precise’ With Risk as Wars Drag OnHong Kong firm targets European cement industry with CCU solutionHong Kong firm targets European cement industry with CCU solutionInvestment partners secure €76m for Italy biomethane plantsRising Oil Prices Threaten China’s Independent RefinersIraq Pushes OPEC for a Huge Increase in Its Oil QuotaUK Prime Minister rules out data centres moratoriumJuniper Green Energy Adds 6.25 MW Wind Capacity, Takes Operational Portfolio to 2,594 MWp and 500 MWh BESSAnalysis: Is South Korea’s semiconductor export boom sustainable?Noon Srl, JA Solar Equip Sicily’s Saracen Sands Hotel With 1 MW Solar and 2 MWh BESSBrazil’s sugar industry sitting on huge untapped biogas potential, says reportClean Max Enviro Approves 49% Stake Sale In Clean Max Dynamis To Sunvik SteelsKabra Extrusiontechnik Commissions 10 MW/20 MWh BESS Project in RajasthanIndian Clean Energy Stocks Show Mixed Performance Amid Market Sell-Off (09 September 2026)Fortera and MLC announce 300,000-tonne low-carbon cement plant in the USFortera and MLC announce 300,000-tonne low-carbon cement plant in the US

Trump Says He’s Moving Ahead With 25% Tariff on Canada and Mexico February 1, but Not Necessarily on Oil

Business & Policy
January 31, 2025

U.S. President Donald Trump on Thursday said he would be moving ahead to put a 25% tariff on imports from Mexico and Canada that would take effect on Feb 1. When asked if the tariffs would include tariffs being impossed on oil imports, Donald Trump responded as follows.

“We may or may not. We’re going to make that determination probably tonight,” Trump told reporters at the White House. “It will depend on the price.”

Trump has repeatedly warned Mexico and Canada – two of the United States’ top trading partners – he will impose tariffs if the two countries do not end shipments of fenatanyl and the flow of migrants across U.S. borders.

The office of Canadian Prime Minister Justin Trudeau was not immediately available for comment. Mexico’s economy ministry did not immediately respond to a request for comment.

(Reporting by Steve Holland, Brendan O’Boyle and David Ljunggren; Writing by Jason Lange; Editing by Caitlin Webber)