Oil Prices Steady As Market Balances IEA Surplus Forecast With Rate Cut Optimism
If Trump Starts A Trade War, Canada Could Impose Export Taxes On Oil, Uranium: Report
Under pressure from the threat of Trump's trade war? Canada is considering imposing tariffs on Uranium, oil, and potash as retaliation.
Canada is the largest external source of oil supply for the USA and also the largest external source of Uranium for USA nuclear power plants. The potash produced in the western provinces of Canada is an important source of fertilizer for USA farms. The media reports that imposing export taxes on these Commodities is Canada's most desperate choice, and Canada is more likely to impose retaliatory tariffs on imported USA-manufactured goods, as well as implement export controls on certain Canadian products.
Update: WTI Oil Edges Down as the IEA Sees the Market Over Supplied in 2025
January WTI Crude Oil Contract Closes Down US$0.27; Settles at US$70.02 per Barrel
IEA Lifts 2025 Oil Demand View, yet Expects Comfortably Supplied Market
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