United States Vice President JD Vance warned in an interview with the Wall Street Journal that the US could hit Russia with sanctions and “potentially” military action should Russian President Vladimir Putin fail to agree to a peace deal with Ukraine that guarantees the country’s long-term independence. Vance said that the possibility of sending US …
United States President Donald Trump signed an executive order establishing reciprocal tariffs on Thursday, pledging to impose levies on foreign goods equal to the tariffs other countries charge on American products. “No more, no less. In other words, they charge us on tax or tariff and we charge them the exact same tax or tariff. …
Ukrainian President Volodymyr Zelensky ensured on Thursday that his country is not ready to accept any peace agreements made between Russia and the United States without Kiev.Speaking to reporters, Zelensky said the European Union should be included in Ukraine peace talks. “Today it’s important that everything does not go according to Putin’s plan, in which …
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Crude oil prices moved lower on Thursday on the prospect of a peace deal for Ukraine, following a statement by President Donald Trump who said the presidents of both Russia and Ukraine had separately expressed a willingness to reach a peace deal. At the time of writing, Brent crude was trading at $74.55 a barrel, with …
The International Energy Agency (IEA) said in its monthly report on Thursday that global oil demand growth is expected to average 1.1 million barrels per day (bpd) in 2025, rising from 870,000 bpd in 2024. The forecast was revised slightly upward from the agency’s previous expectations. China is set to contribute most to the 2025 …
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“I think we’re on the way to peace with Russia and Ukraine,” United States President Donald Trump told reporters on Wednesday in the Oval Office, adding, however, that it is unlikely that Ukraine will get all its land back. He further detailed that he will likely meet his Russian counterpart Vladimir Putin in Saudi Arabia for the …
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United States President Donald Trump said on Wednesday that he had a “lengthy and highly productive” phone call with his Russian counterpart Vladimir Putin to discuss Ukraine, the Middle East and artificial intelligence, among other topics. “We each talked about the strengths of our respective Nations, and the great benefit that we will someday have …
OPEC has signaled it would not change its production policy despite calls from the U.S. president to bring more oil to market. “We read the market. We analyze the supply, demand, away from political considerations, purely on technical, sound technical considerations, and we take the decisions that provide stability in the market,” the cartel’s secretary-general …
President Donald Trump is taking additional with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries. “It’s time to be reciprocal,” Trump told reporters earlier this week. “You’ll be hearing that word a lot. Reciprocal. If they charge us, we …
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U.S. sanctions against Russia’s oil exports and trade should not hinder Russian energy trade with India, Russia’s first deputy energy minister, Pavel Sorokin, said on Tuesday. Indian refiners are scrambling for alternatives after the U.S. sanctions designated hundreds of tankers, as well as oil traders, last month. Since the Russian invasion of Ukraine and the …
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