Donald Trump's rogue nation
The US has joined Syria and Nicaragua in rejecting the Paris climate agreement
On international efforts to deal with climate change, the US has long been a feckless partner, its position flipping with the political winds. George W Bush flouted international consensus in rejecting the 1997 Kyoto climate accord when he took office, arguing that the deal would hamstring America's economy. Barack Obama lobbied hard to pull the community of nations together for the Paris agreement. Now, reversing course again, President Donald Trump is pulling the US out of the deal, joining Syria and Nicaragua on the sidelines. Trump's 1 June Rose Garden speech laying out his argument for leaving Paris shed little light on his reasons for the decisions. It was at certain points muddled and
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The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
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Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
