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By Ron Bousso Oil markets discount risk of Trump hitting Russia with secondary sanctions Russia produces nearly 10% of global oil, is the third largest exporter Secondary sanctions could lead to severe energy price shock, inflation LONDON, July 15 – U.S. President Donald Trump’s threat to choke off Russia’s oil revenue via secondary sanctions would …
Summary Legal agreement delays Rice’s whale critical habitat designation until 2027 Delay follows legal disputes over oil and gas drilling impacts on endangered whale Fewer than 100 Rice’s whales remain in Gulf of Mexico July 14 (Reuters) – U.S. President Donald Trump’s administration will delay by two years a final rule designating protections for the …
US Delays Rule on Gulf of Mexico Whale Protections by Two Years Read More »
PITTSBURGH, July 14 (Reuters) – U.S. President Donald Trump will announce $70 billion in artificial-intelligence and energy investments on Tuesday, according to a White House official and a person familiar with the initiatives. Trump will reveal details of these new initiatives at an event near Pittsburgh, where he will be joined by Republican Senator David …
Trump to Unveil $70 Billion in AI and Energy Investments Read More »
By Nicole Jao US threatens to hit buyers of Russian exports with sanctions China’s crude imports at highest level since August 2023 EU set to lower Russian oil price cap, sources say NEW YORK, July 14 (Reuters) – Oil prices settled down on Monday by more than $1, as investors weighed new threats from U.S. …
Oil Falls as Trump Gives Russia 50 Days to Avoid New Sanctions Read More »
By Anastasiia Malenko, Steve Holland and Dan Peleschuk Trump threatens secondary sanctions on Russia in 50 days Says up to 17 Patriot batteries could be available ‘very soon’ Russian markets rise, suggesting relief over delay KYIV/WASHINGTON, July 14 (Reuters) – U.S. President Donald Trump announced new weapons for Ukraine on Monday, and threatened sanctions on …
(Reuters) – Goldman Sachs on Monday raised its Brent oil price forecast for the second half of 2025 by $5 to $66 per barrel due to supply disruption risks, lower stocks in Organisation for Economic Co-operation and Development countries and rising concerns about Russia’s production constraints. The bank also increased its forecast for U.S. West …
Goldman Sachs Raises Brent Second-Half 2025 Price Forecast by $5 to $66 a Barrel Read More »
By Ron Bousso Oil demand growth slows sharply in second quarter Saudi oil exports set to surge to 7.5 mln bpd in July amid higher production Saudi power generation crude burn limits exports during summer LONDON, July 14 – Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald …
Soaring Saudi Exports and Trade Tensions Will Test Oil Price Resilience: Bousso Read More »
BELGRADE, July 14 (Reuters) – Talks between Belgrade and the United States over postponing sanctions against Russian-owned Serbian oil company NIS for a fifth time have been marred with difficulties, Serbian mining and energy minister Dubravka Djedovic Handanovic said on Monday. NIS (NIIS.BEL) has so far secured a fourth reprieve, which is due to expire …
Serbia Seeks Fifth US Sanctions Waiver for Russian-Owned Oil Firm NIS, Minister Says Read More »
The International Energy Agency says the kingdom exceeded its output quota by about 700,000 barrels a day. The most surprising part of the International Energy Agency’s latest monthly outlook isn’t its demand forecast, which remains pessimistic, but rather what it says about how much oil an OPEC+ stalwart pumped last month. Traditional production quota cheats …
World oil market may be tighter than it looks, IEA says IEA sees 2025 demand growth slowing to 700,000 bpd Raises 2025 supply forecast after OPEC+ hike Says price indicators suggest tighter physical market (Reuters) – The world oil market may be tighter than it appears despite a supply and demand balance pointing to a …
World Oil Market May be Tighter Than it Looks, IEA Says Read More »
