Tag Archives: Donald Trump

This winter could turn out to be a hot one indeed for oil markets.

The Europeans and other signatories must work on compensating the US sanctions.

Trump’s efforts to cut Iran’s access to the global crude market has prompted Russia and Saudi Arabia to take the market hostage.

The U.S.’s international financial clout means EU efforts to get around sanctions are doomed to fail.

Buyers who defy the US sanctions risk having their banks frozen out of the American financial system.

Libyan crude has been seen as an additional alternative to Iranian supplies.

OPEC and non-OPEC technical committee will discuss proposals for distributing the additional oil-output amongst members.

Perry will be the most senior U.S. official to visit Russia since Trump met Russian President Vladimir Putin in Helsinki in July.

Europe. Russia and China are now working with Iran to map out a potential course without the US.

With US rig activity stalling and Iran sanctions looming. the oil market outlook is tightening.