Taking a break from our regular programming to remind you to register for the 2025 AFPM Annual Meeting on March 2-4 in San Antonio.
This is the conference where we explore business, geopolitical and policy trends, and how they’ll impact the refining, petrochemical and midstream industries. It’s a really unique opportunity and a tremendously interesting conference.
To give you a preview - take a look at some of the speakers presenting this year:
Hope to see you in San Antonio! Get more info about Annual Meeting here.
Happy Friday!
- Charlie and the AFPM EMPOWER team
In the news
Trump says he will announce reciprocal tariffs on many countries next week - Reuters
Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.S. budget problems.
By the numbers: US, Mexico, Canada, China trade - Reuters
All four countries occupy significant spots on each other’s trade ledgers, though the highly diverse array of products and industries involved can complicate efforts to assess the impact of a trade dispute.
Trump tariffs poised for courtroom showdown - E&E News
Legal experts say the 1977 law Trump is using to implement the tariffs — the International Emergency Economic Powers Act, or IEEPA — gives the president broad economic authority, but has never been used to impose tariffs on foreign goods.
Trans Mountain Sees Tariff Threat Helping Pipeline Fill Faster - Bloomberg
Trans Mountain was expected to reach capacity by 2028 as output in Alberta ramps up and spare space in other lines is used, but Trump’s tariffs could help it reach full volume sooner as producers seek to boost sales to non-US markets, said Jason Balasch, the company’s vice president of business development.
U.S. Oil Refiners Rally on Tariff Reprieve - The Wall Street Journal
After days of trying to process what tariffs on Canadian and Mexican oil might mean for their business, U.S. refiners saw their shares bouncing on news that the tariffs would be delayed.
BP raises forecasts for oil and gas demand as clean energy switch slows - Financial Times
The oil major made the projections in its closely watched annual outlook as renewable power sources such as wind and solar fail to increase at a fast enough pace to keep up with the growth in global energy demand.
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