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Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
Trump energy policies and changing consumer trends to upend oil supply and demand
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US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
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Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Bakken oil output may hold its ground
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US, Russia and China circle the Arctic
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Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Trump creates new risk dynamic
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
Momentum builds for Alaska LNG
Asian and European interest gathers pace as Trump throws his weight behind frontier state
US Russia Donald Trump Vladimir Putin
Jason Corcoran
Moscow
20 March 2017
Follow @PetroleumEcon
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Slow reset of US-Russian relations

Trump and Tillerson should help improve US-Russia relations. But an end to sanctions doesn't look imminent

Western media may be agog at Donald Trump's apparent fondness for Vladimir Putin, but Russia's battle-scarred energy sector is watching the romance with a sceptical eye. Even the appointment to Secretary of State of Rex Tillerson, the former ExxonMobil chief with long experience of dealing with Putin, is being treated cautiously. Although the Trump White House is expected to adopt a more pragmatic and open policy towards Russia, it would be naive to assume any major or early improvements. Less confrontational rhetoric is likely. A genuine thaw that boosts the oil and gas sector—not so much. Trump has promised to take a softer approach to Russian relations than his predecessor but already the

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