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U.S. President Donald Trump on Wednesday said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil, depending on what happens. “Could happen,” Trump told reporters, after saying he expected to announce more secondary sanctions aimed at pressuring Russia to end its war …
(Reuters) – India, which gets more than a third of its oil imports from Russia, is likely to turn to supplies from the Middle East and Africa and other regions if it is forced to cut Russian imports due to possible U.S. penalties. WHY IS INDIA IMPORTING RUSSIAN OIL? India turned to purchasing Russian oil sold …
Explainer: Where Could India Look to Replace Russian Oil? Read More »
Summary Company incurs US import tariff hit of 100 million euro in third quarter Third-quarter orders at 16.1 billion euros versus 14.1 billion euros in poll Order backlog reaches record of 136 billion euros (Reuters) – Siemens Energy expects to hit the upper end of its 2025 growth outlook range, it said on Wednesday, as its …
Siemens Energy Targets Upper End of Outlook as US Demand Outweighs Tariffs Read More »
Proposed ways to generate wealth while cleaning up inactive oil and gas sites By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta has a new set of recommendations to address the growing number of oil and gas production and infrastructure assets in the province that …
Understanding Alberta’s Mature Asset Strategy Recommendations Read More »
Chevron and Valero Energy are working to resume supplies of Venezuelan crude to Valero’s U.S. refineries under an agreement that was on pause, three sources close to the preparations said on Tuesday, following a new license granted to the U.S. oil major. Washington in late July issued a new restricted authorization for Chevron to operate, …
U.S. President Donald Trump on Tuesday said declining energy prices could pressure Russian President Vladimir Putin to halt the war in Ukraine. “If energy goes down enough, Putin is going to stop killing people,” Trump said in an interview on CNBC. “If you get energy down, another $10 a barrel, he’s going to have no …
Trump Says Drop in Energy Prices Will Prompt Putin to ‘Stop Killing People’ Read More »
Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel in the fourth quarter of 2025 and $56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments.“Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, …
Goldman Keeps Brent Oil Forecast, but Flags Downside Risks to Demand Read More »
Clyde Russell (Reuters) – A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per day of crude production and still keep oil prices anchored around $70 a barrel. But this is exactly what has occurred, with the eight members …
OPEC+ Gets Lucky as it Brings Back Oil Output Amid Uncertainty Read More »
(Reuters) – At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed. The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which are involved in transporting …
US Sanctions Force Vessels With Russian Oil to Divert From India, Sources Say Read More »
Summary Sept hike of 548,000 bpd agreed, sources say ahead of meeting Virtual meeting starts at 1100 GMT on Sunday Oil supported by US demands for India to stop buying Russian oil (Reuters) – OPEC+ has reached a preliminary deal to increase oil production by 548,000 barrels per day from September, three sources said on …
OPEC+ Agrees in Principle to Another Large Oil Output Hike, Sources Say Read More »
