Tariffs likely to compound already weakening energy flows between economic powerhouses and lead to trade being rerouted
Letter from the US: ‘Build, baby, build’ should be Trump’s oil mantra ‘Drill, baby, drill!’ may achieve increased oil and gas production, but not as a result of increased drilling
India welcomes more US oil and gas Refiners in India are expected to take greater volumes of US oil in the short term at the expense of Russia
A burgeoning middle class is boosting demand for refining capacity in Asia, with China leading the way and India also with many projects underway
Both candidates head into the run-off with a near identical voting share and big plans to raise investment in the country’s hydrocarbon sector
US refiners cornered as supply options become limited Weighed down by higher costs and lower margins, the US downstream sector is facing closures that could shrink capacity
Letter from Iran: US sanctions cut off crude supply line Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
Booming crude production has been met with international caution after the UN’s damning assessment
There is a growing feeling that it will not take much for heavy international hitters to follow the US out of the Paris Agreement
Letter from the US: Oil’s tin problem The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention