My Tiny Feed

es.euronews.com

Trump's Drilling Plans and Oil Price Volatility

Trump's pro-drilling policies cause oil price volatility due to oversupply concerns; OPEC+ also predicts increased production.

Read original article in Spanish

Spanish

United States

PoliticsEconomyEnergy SecurityEnergyOilGas

Opec+Eia

Donald TrumpJoe Biden

What is OPEC+'s prediction regarding future oil production?: OPEC+ warns of potential oversupply from non-OPEC+ countries increasing production by 1.3 million barrels daily in 2025.
What are Trump's key promises regarding oil and gas policies?: Trump promises to ease drilling regulations, boost energy infrastructure, and potentially allow greater natural gas exports, potentially impacting oil and gas prices.
What is the main cause of the recent volatility in oil prices?: Donald Trump's pro-drilling stance is causing oil price volatility due to concerns over potential oversupply.
What are the concerns regarding Trump's proposed energy policies?: While oil companies welcome Trump's policies, concerns remain about short-term profit and price decreases due to potential oversupply; Trump may also revoke Biden's halt on LNG export permits.
What are the factors contributing to the expectation of lower oil prices?: Increased US oil production is anticipated, leading to lower oil prices; China's recent stimulus package is deemed insufficient to boost economic growth and oil demand.

Jan 13, 19:09

US Imposes Sweeping Sanctions on Russia's Oil Sector

The Biden administration announced severe sanctions on January 10, blacklisting almost 200 vessels from Russia's shadow fleet used to export oil and targeting major producers Gazprom Neft and Surgutneftegas, aiming to limit Russia's revenue for its war in Ukraine.

Jan 9, 19:11

German Government Considers Stake in PCK Oil Refinery

Brandenburg's Minister President Dietmar Woidke considers federal participation in the PCK oil refinery in Schwedt, currently under trusteeship due to its Russian ownership, to secure energy supply and jobs after the next German federal election.

Jan 1, 16:09

Germany Extends Job Guarantee for PCK Schwedt Refinery

Germany extended its job guarantee for the PCK refinery in Schwedt, Brandenburg, until June 2024, ensuring the stability of its workforce and supporting the implementation of a federal future package focused on climate-friendly energy; this follows successful efforts to switch from Russian oil sources and avoids short-time work.

Dec 28, 16:08

Syria's Influence Worries Greece Amidst Eastern Mediterranean Tensions

Greece is concerned about Syria's growing influence in the Eastern Mediterranean, prompting analysis of various scenarios amid uncertain US support, while Israel's energy minister expresses commitment to energy projects.