Shifting gear

Markets favour caution

February Book recommendation: The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes

Articles

• North American companies brace for fallout from Trump tariffs

• Canada announces retaliatory tariffs on long-time ally US

• Russia redirect oil to India

• EIA expects higher wholesale U.S. natural gas prices as demand increases

• EIA forecasts lower oil price in 2025 amid significant market uncertainties

• China bans sanctioned tankers. Refiners to suffer

We got a snapshot of market sentiment on Thursday when Trump took to the airwaves with this above speech. Adding to the fun, Trump also threatens 100% tariffs if BRICS attempt to replace US Dollar.

The tariffs will be implimented Tuesday morning 10% on Canadian oil, 25% on everything else and full 25% on all Mexican trade. 10% on China.