U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers,

OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in global oil supplies next year — and as U.S. President-elect Donald Trump’s “drill,

Canada’s oil industry stressed the economic and security benefits of its exports to the US, while also using President Elect Donald Trump’s threat to impose tariffs on the country’s goods as a chance to criticize Prime Minister Justin Trudeau.

Trump will speed permits for drilling on federal lands and plans to kill tax credits for electric cars, sources told Reuters.

From auto leaders to farmers, Canadian industry players say patience is a virtue when it comes to Trump's tariff threats — and that the mutually beneficial nature of the Canada-U.S. trade relationship,

In a pair of social media posts, Trump said he'd take executive action, imposing a 25% tax on all products entering the U.S. from Mexico and Canada and another 10% on goods from China.