EnergyWatch

US and Canada surveying options to put tariffs on oil import

While Russia and Saudi Arabia are fighting a price war on the international oil market, Canada and the US are in negotiations to implement tariffs on oil imports from OPEC+.

Photo: Sarah Silbiger/AFP / GETTY IMAGES NORTH AMERICA

If Moscow and Riyadh don't reach agreement on the countries' oil output soon, there could be tariffs coming for all oil into the US from foreign producers, writes Financial Times.

This follows US officials in the Energy Department confirming that authorities are surveying the options to implement increased tariffs on oil in order to get Russia and Saudi Arabia to loosen up in their ongoing price war.

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