Trade

USMCA Launches Amidst Frayed Relationship Between Mexico Government, Private Sector

USMCA Launches Amidst Frayed Relationship Between Mexico Government, Private Sector

Officials in Mexico celebrated the launch of the U.S.-Mexico-Canada Agreement (USMCA) on Wednesday, as the revamped North American Free Trade Agreement (NAFTA) treaty took effect after years of negotiations.  “This is going to be one of the motors of the relaunch of the Mexican economy,” Mexican Finance Minister Arturo Herrera said in a virtual address.…

July 1, 2020
More Lower 48 LNG Landing in China, but Pandemic Clouds Trade as Tensions Rise

More Lower 48 LNG Landing in China, but Pandemic Clouds Trade as Tensions Rise

U.S. liquefied natural gas (LNG) deliveries to China are steadily increasing following a preliminary agreement earlier this year to ease trade tensions, but the deal is now seen in jeopardy given the economic impacts of Covid-19 and the pandemic’s role in souring diplomatic relations between the countries.

May 14, 2020

Trump Signs USMCA into Law Amid Record Natural Gas Exports

Amid surging exports of pipeline natural gas from the United States to Mexico, and tension between the oil and gas industry and Mexico’s government, President Trump on Wednesday signed the United States-Mexico-Canada Agreement (USMCA) into law.

January 30, 2020

Trump Signs USMCA into Law Amid Record Natural Gas Exports

Amid surging exports of pipeline natural gas from the United States to Mexico, and tension between the oil and gas industry and Mexico’s government, President Trump on Wednesday signed the United States-Mexico-Canada Agreement (USMCA) into law.

January 30, 2020
Led by U.S., Non-OPEC Oil Output Seen Comfortably Supplying Softer Global Demand

Led by U.S., Non-OPEC Oil Output Seen Comfortably Supplying Softer Global Demand

Plentiful oil production growth from countries that are not members of the Organization of the Petroleum Exporting Countries (OPEC) should adequately supply “any likely level” of demand through 2020, helping to contain prices for consumers in a “vulnerable” global economy, according to the International Energy Agency (IEA).

June 18, 2019
Natural Gas, Crude Lifted Value of U.S. Exports to Canada in 2018

Natural Gas, Crude Lifted Value of U.S. Exports to Canada in 2018

Energy accounted for $25 billion, or about 8% of the value of all U.S. exports to Canada in 2018, led in large part by crude oil and natural gas, according to data compiled by the Energy Information Administration (EIA).

May 29, 2019

Trilateral Trade Deal Still Facing Uncertain Future for U.S., Canada and Mexico

After months of negotiations, President Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto on Friday signed a new trilateral trade agreement on the sidelines of the G-20 summit in Buenos Aires, Argentina.

November 30, 2018

Domestic Oil, Natural Gas Production Whittling Trade Deficit, Says IHS Markit

Booming U.S. oil and natural gas production has exerted a “moderating” influence on the trade deficit and set the country on track to become a net oil exporter for the first time in decades, according to new research.

November 14, 2018
New Trade Deal Said Boon for Mexico’s Incoming President, Energy Industry

New Trade Deal Said Boon for Mexico’s Incoming President, Energy Industry

Mexico’s incoming government and the North American energy industry each gained victories through separate provisions in the updated free trade deal reached late Sunday by the United States, Mexico and Canada.

October 3, 2018

Congress May Determine Fate of USMCA, Analysts Say

A new trade deal between the United States, Canada and Mexico is drawing support from the oil and gas industry, but overall it may have only a modest impact on the energy sector, according to analysts.

October 2, 2018