Weekly Daily Standup Top Stories Pushback Begins Against Trump’s Oil Agenda February 9, 2025 Clark Savage West Texas Intermediate has been trading around $70 this week after posting two weeks of declines. The last time shale producers pursued a flat-out production strategy, crude prices tanked to the $40s. Cheap oil may […] Iran Says Trump’s Maximum Pressure […]
Continue ReadingPavel Sorokin, Russia’s first deputy energy minister, said supplies to India, a key market for Russian crude, will continue despite Western pressure Russia will continue supplying oil to global markets despite sanctions pressure, First Deputy Energy Minister Pavel Sorokin has insisted. Speaking at India Energy Week in New Delhi on Tuesday, Sorokin noted that […]
Continue ReadingDaily Standup Top Stories Iran Says Trump’s Maximum Pressure Will Fail to Drive Its Oil Exports to Zero February 10, 2025 Mariel Alumit The new U.S. Administration’s maximum pressure campaign on Iran will fail – again – and will not achieve its goal to drive the Islamic Republic’s oil exports to zero, Iran’s Oil Minister Mohsen […]
Continue ReadingThe new U.S. Administration’s maximum pressure campaign on Iran will fail – again – and will not achieve its goal to drive the Islamic Republic’s oil exports to zero, Iran’s Oil Minister Mohsen Paknejad said this weekend. “The maximum pressure policy has failed, and (Trump\’s) dream of reducing Iran’s oil exports to zero will never […]
Continue ReadingThe U.S. president signed a memo directing agencies to enforce existing sanctions on the country, but his statements suggest he’s open to talks. U.S. President Donald Trump announced on Feb. 4 a return to the maximum pressure campaign on Iran, which is meant to starve the regime of cash as a way to curb its […]
Continue ReadingShip-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America’s largest sanctions package aimed at Russia’s shadow fleet. Data from maritime risk analytics firm Windward shows there has been a 366% increase in Russian-related ship-to-ship transfers of crude and products in the Sea of Crete and a 370% increase in […]
Continue ReadingNew Delhi’s role as a counterweight to China solidifies its status as Washington’s’ key partner in South Asia, outweighing short-term concerns over Russian oil revenues The year 2025 had barely started when the outgoing Joe Biden administration presented a belated \’holiday gift\’ to Russian oil exporters. Washington announced a new sanctions package – the “most […]
Continue ReadingWeekly Daily Standup Top Stories U.S. Shale’s Capital Discipline Outweighs Trump’s Pro-Growth Rhetoric January 19, 2025 Clark Savage US shale producers are focused on capital discipline and shareholder returns, limiting the impact of Trump’s pro-oil policies. Increased Permian rig activity is unlikely to significantly boost oil production due to inventory depletion and efficiency […] China and India […]
Continue ReadingIndia has been granted permission to unload sanctioned Russian oil at its ports until February 27. The US sanctions have disrupted India\’s access to cheap Russian oil, and Indian refiners are scrambling for alternative supplies. India will continue to buy Russian oil only if it meets certain conditions, including a price cap of $60 per […]
Continue ReadingENB Pub Note: We recommend following Andrew Korybko\’s newsletter on Substack. He has an in-depth view of lots of geopolitical issues. Trump’s preference for sanctions and his latest threat to double down on secondary ones could derail India’s careful multi-alignment between the US and Russia by forcing it to choose between them. The media has […]
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