Crude import tariffs and other oil news [Seeking Alpha]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
US:NYSE Investor Relations:
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Source: Seeking Alpha
"If I have to do tariffs on oil coming from outside or if I have to do something to protect our... tens of thousands of energy workers and our great companies that produce all these jobs, I'll do whatever I have to do," President TrumptoldThe move could hit other industries, however, with the API and AFPM telling Trump last week that tariffs would jeopardize the domestic refining business as some plants depend on crude from abroad.According to the U.S. Energy Information Administration, the U.S. imported more 1M barrels per day of oil from Russia and Saudi Arabia combined in 2019.In related news, Norway is consideringcuttingSaudi Aramco (ARMCOdelaysparsU.S. refiners: Royal Dutch Shell (RDS.ARDS.BCVXXOMPBFCVIDALPBR:USOOILUCOBNOSCODBODTOUSLWTIUUSOIOILKOLEMWTIDOILXUSAINRGUNRGDAOILNRGZNRGOYGRN
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