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Trump Tariffs on Russia’s Oil Buyers Bring Economic, Political Risks

Summary Trump’s tariffs could strain US-India-China relations Experts doubt tariffs will change Putin’s stance Potential oil market disruptions could spike global prices, carrying risks for Trump Aug 8 (Reuters) – From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy …

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Pemex Plan Disappoints Suppliers Awaiting Billions in Overdue Payments

The head of an association representing global oilfield service firms in Mexico said on Thursday that a new business plan for state oil company Pemex lacks concrete measures to address its massive debt with suppliers, despite official promises to speed up payments. Rafael Espino, president of the AMESPAC association, told Reuters that in a Tuesday …

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Kuwait Oil Minister Says OPEC Monitoring Market, Trump Remarks on Russian Oil

(Reuters) – Kuwait’s oil minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump’s recent remarks on Russian oil. “Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President’s statements,” Al-Roumi told reporters, adding …

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Trump Says he Could Impose More Tariffs on China, Similar to India Duties, Over Russian Oil

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 …

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Explainer: Where Could India Look to Replace Russian Oil?

(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 …

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Siemens Energy Targets Upper End of Outlook as US Demand Outweighs Tariffs

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 …

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Understanding Alberta’s Mature Asset Strategy Recommendations

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 …

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Chevron, Valero in Talks to Reactivate Supply Agreement on Venezuelan Oil to US, Sources Say

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, …

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Trump Says Drop in Energy Prices Will Prompt Putin to ‘Stop Killing People’

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 …

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Goldman Keeps Brent Oil Forecast, but Flags Downside Risks to Demand

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, …

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