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EIA again cuts US gas price forecasts, but market still to tighten
The administration has once more reduced its short-term gas price forecasts, but the expectation remains the market will tighten over the coming year, on the back of
India’s retreat from Russian oil could cause global trade flow shockwaves
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
Trump’s energy report card
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
Latest EU sanctions largely toothless
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
BP’s long stay in Russia
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
Arbitration with Gazprom: How to collect
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task
Power of Siberia 2: Deal or no deal?
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns around over-dependence on a single supplier and desire to drive down the price make it relatively unlikely a contract will be finalised this year
China creates two-tier oil dynamic
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
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
Venezuela US PDV Russia China
Justin Jacobs
27 March 2018
Follow @PetroleumEcon
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Venezuelan oil's volatile year

A steep production decline from the country is already priced in, but things could get even worse

Venezuela is the single biggest geopolitical risk for oil markets in 2018. The economy continues to crumble, dragging the oil industry down with it, and a contentious election scheduled for 22 April promises to fuel more political strife in an already bitterly divided country. As the crisis has worsened, Venezuela has moved up the global agenda. The US has taken the lead, ratcheting up the pressure on Nicolás Maduro's government. Economic sanctions on Venezuela have effectively cut the country off from international capital markets, making it nearly impossible for the cash-strapped government to raise new funds. At the same time, personal sanctions on senior officials in Maduro's government

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India’s retreat from Russian oil could cause global trade flow shockwaves
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher

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