Tag #Oil

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kathimerini.gr

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Mar 30, 22:11

Trump Threatens Tariffs on Russian Oil Over Ukraine Conflict

US President Donald Trump threatened to impose 25-50% tariffs on Russian oil within a month if Russia doesn't agree to a full ceasefire in Ukraine, following President Putin's call for a transitional government in Ukraine and his criticism of President Zelensky.

Trump Threatens Tariffs on Russian Oil Over Ukraine Conflict

US President Donald Trump threatened to impose 25-50% tariffs on Russian oil within a month if Russia doesn't agree to a full ceasefire in Ukraine, following President Putin's call for a transitional government in Ukraine and his criticism of President Zelensky.

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How does President Trump's response to Putin's actions relate to his previous campaign promises regarding the Ukraine conflict?

Trump's threat of secondary tariffs on Russian oil, potentially impacting countries buying Russian oil and their trade with the US, escalates tensions. This action is directly linked to Putin's attempt to influence the Ukrainian leadership and the ongoing conflict. The potential tariffs represent a significant economic lever.

elpais.com

🌐 85% Global Worthiness

Mar 29, 07:13

US Sanctions Trigger Sharp Bolivar Devaluation, Economic Crisis in Venezuela

New US sanctions on Venezuela have caused the Bolivar to depreciate sharply, reaching 100 bolivars per dollar on the parallel market; Chevron is leaving the country, and other oil buyers are pulling out, causing economic hardship and potential triple-digit inflation in 2025.

US Sanctions Trigger Sharp Bolivar Devaluation, Economic Crisis in Venezuela

New US sanctions on Venezuela have caused the Bolivar to depreciate sharply, reaching 100 bolivars per dollar on the parallel market; Chevron is leaving the country, and other oil buyers are pulling out, causing economic hardship and potential triple-digit inflation in 2025.

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Decent Work and Economic Growth

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How have the sanctions affected Venezuela's oil industry and its trade relationships?

The sanctions, including a 25% tariff on Venezuelan oil, have severely impacted Venezuela's economy. Major oil importers like Reliance have stopped buying Venezuelan oil, leading to price increases, decreased consumption, and salary erosion. The widening gap between official and parallel exchange rates reflects the deepening economic crisis.

english.elpais.com

🌐 85% Global Worthiness

Mar 25, 19:18

US Imposes 25% Tariff on Venezuelan Oil, Escalating Tensions

The U.S. imposed a 25% tariff on Venezuelan oil and gas imports starting April 2nd, prompting Venezuela's rejection and vows of legal action, while threatening the country's recent oil production recovery and its key trading partners.

US Imposes 25% Tariff on Venezuelan Oil, Escalating Tensions

The U.S. imposed a 25% tariff on Venezuelan oil and gas imports starting April 2nd, prompting Venezuela's rejection and vows of legal action, while threatening the country's recent oil production recovery and its key trading partners.

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What is the immediate impact of the newly imposed U.S. tariffs on Venezuelan oil and gas imports?

On Monday, the U.S. imposed a 25% tariff on Venezuelan oil and gas imports, prompting Venezuela to denounce the measure as "arbitrary, illegal, and desperate." This follows a pattern of escalating pressure from the U.S. government, including the revocation of Chevron's operating license and the deportation of Venezuelan migrants. Venezuela vows legal action in international bodies.

elpais.com

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Mar 25, 10:12

US Announces Discretionary Tariffs on Venezuelan Oil Imports

The US announced potential 25% tariffs on goods from countries importing Venezuelan oil starting April 2, 2025; Secretary of State Marco Rubio will decide which countries face tariffs, offering flexibility and pressure; Chevron's operations in Venezuela were extended until May 27, 2024.

US Announces Discretionary Tariffs on Venezuelan Oil Imports

The US announced potential 25% tariffs on goods from countries importing Venezuelan oil starting April 2, 2025; Secretary of State Marco Rubio will decide which countries face tariffs, offering flexibility and pressure; Chevron's operations in Venezuela were extended until May 27, 2024.

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How does the US government's discretionary power in imposing and lifting tariffs affect the policy's effectiveness and predictability?

The tariff acts as leverage, not an automatic penalty. While China and Spain are major importers, the discretionary power allows for exceptions or strategic targeting of specific countries. This approach combines pressure with the option for selective enforcement.

es.euronews.com

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Mar 21, 22:09

Germany Seizes Russian Oil Tanker, Defying Sanctions

German authorities seized the Panamanian-flagged oil tanker Eventin, carrying 100,000 tons of crude oil worth over €40 million, in the Baltic Sea; the ship is part of Russia's 'shadow fleet' used to evade sanctions on oil exports, and its seizure signals Germany's opposition to this.

Germany Seizes Russian Oil Tanker, Defying Sanctions

German authorities seized the Panamanian-flagged oil tanker Eventin, carrying 100,000 tons of crude oil worth over €40 million, in the Baltic Sea; the ship is part of Russia's 'shadow fleet' used to evade sanctions on oil exports, and its seizure signals Germany's opposition to this.

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What is the significance of Germany seizing the Russian oil tanker Eventin?

German authorities seized the Panamanian-flagged oil tanker Eventin, carrying roughly 100,000 tons of crude oil worth over €40 million, from the Baltic Sea. The ship is part of Russia's 'shadow fleet' used to circumvent sanctions, and its seizure sends a message that Germany won't tolerate this.

usa.chinadaily.com.cn

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Mar 14, 07:13

China's Ultra-Deep Oil Extraction Boosts Energy Security

China's Tarim oilfield produced 150 million metric tons of oil and gas from depths exceeding 6,000 meters in 2024, representing 37 percent of the nation's total output and marking a strategic step towards energy independence, driven by technological advancements and reduced crude oil imports by 1.9 ...

China's Ultra-Deep Oil Extraction Boosts Energy Security

China's Tarim oilfield produced 150 million metric tons of oil and gas from depths exceeding 6,000 meters in 2024, representing 37 percent of the nation's total output and marking a strategic step towards energy independence, driven by technological advancements and reduced crude oil imports by 1.9 ...

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Affordable and Clean Energy

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What is the immediate impact of China's increased ultra-deep oil and gas extraction on its energy security?

China's Tarim oilfield, the largest ultra-deep oil and gas production base, has extracted 150 million metric tons of oil and gas equivalent from depths exceeding 6,000 meters, accounting for 37 percent of the country's total output in 2024. This significant achievement reflects China's growing technological capabilities in ultra-deep drilling and its strategic push for energy security.

nrc.nl

🌐 85% Global Worthiness

Mar 30, 22:11

Trump Threatens Tariffs on Russian Oil Imports

Former U.S. President Donald Trump threatened secondary import tariffs of 25-50% on Russian oil for nations that import it, unless Russia commits to peace in Ukraine, expressing anger at Putin's questioning of Zelensky's legitimacy; these measures could take effect within a month.

Trump Threatens Tariffs on Russian Oil Imports

Former U.S. President Donald Trump threatened secondary import tariffs of 25-50% on Russian oil for nations that import it, unless Russia commits to peace in Ukraine, expressing anger at Putin's questioning of Zelensky's legitimacy; these measures could take effect within a month.

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How does Trump's anger at Putin's questioning of Zelensky's legitimacy relate to his proposed tariffs?

Trump's proposed tariffs aim to pressure Russia into peace negotiations by targeting countries importing Russian oil, thereby limiting their trade with the U.S. This action follows Putin's suggestion for new Ukrainian elections, which Trump previously criticized, highlighting the complex interplay of geopolitical tensions and economic sanctions.",

cnnespanol.cnn.com

🌐 85% Global Worthiness

Mar 29, 04:08

Maduro Agrees to Resume Accepting Venezuelan Deportations Amid Trump's Contradictory Policy

Nicolás Maduro agreed to accept Venezuelan deportees from the US, highlighting President Trump's confusing dual-track policy toward Caracas, involving both pressure and deportation efforts, despite the ethical and logistical challenges.

Maduro Agrees to Resume Accepting Venezuelan Deportations Amid Trump's Contradictory Policy

Nicolás Maduro agreed to accept Venezuelan deportees from the US, highlighting President Trump's confusing dual-track policy toward Caracas, involving both pressure and deportation efforts, despite the ethical and logistical challenges.

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What are the immediate consequences of Maduro's agreement to resume accepting Venezuelan deportees from the US?

During the weekend, Nicolás Maduro agreed to resume accepting Venezuelan deportees from the US, with a stopover in Honduras. The exact terms of this agreement are unknown, but it likely involved negotiations. This decision reflects the confusing dual-track approach of President Trump's policy toward Caracas, impacting Venezuelan exiles in the US, the Venezuelan opposition, the Maduro government, and other involved nations.", "The Trump administration's contradictory policies toward Venezuela involve simultaneously pressuring Maduro while also seeking to deport hundreds of thousands of Venezuelan nationals from the US. This creates inherent challenges, as pressuring Maduro may lead to further Venezuelan exodus, while negotiating with him for deportations risks legitimizing his regime.", "Trump's strategy, combining sanctions and deportation efforts, is unlikely to overthrow Maduro, a goal previously attempted and failed. Negotiating with Maduro for deportations may unintentionally legitimize his regime and normalize relations, creating a long-term challenge for the US policy toward Venezuela.

it.euronews.com

🌐 85% Global Worthiness

Mar 25, 16:16

Trump Announces Tariffs on Countries Buying Venezuelan Oil

President Trump announced that countries buying oil from Venezuela will face tariffs on all US trade starting April 2nd, impacting major importers like China and potentially escalating trade tensions.

Trump Announces Tariffs on Countries Buying Venezuelan Oil

President Trump announced that countries buying oil from Venezuela will face tariffs on all US trade starting April 2nd, impacting major importers like China and potentially escalating trade tensions.

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How does Trump's tariff policy on Venezuela relate to his broader trade strategy, particularly concerning China?

Trump's tariff threat escalates trade tensions, particularly with China, Venezuela's largest oil customer. This action, coupled with existing sanctions, aims to pressure Venezuela and potentially reshape global oil markets. The impact on global inflation and economic growth remains uncertain.

lemonde.fr

🌐 85% Global Worthiness

Mar 24, 19:14

Trump Imposes 25% Tariff on Countries Buying Venezuelan Oil

On March 24th, Donald Trump announced a 25% tariff on goods from countries buying Venezuelan oil, starting April 2nd, aiming to curb Venezuelan revenue and citing Venezuela's "hostility." This follows Chevron's operational license termination and increased migrant deportations.

Trump Imposes 25% Tariff on Countries Buying Venezuelan Oil

On March 24th, Donald Trump announced a 25% tariff on goods from countries buying Venezuelan oil, starting April 2nd, aiming to curb Venezuelan revenue and citing Venezuela's "hostility." This follows Chevron's operational license termination and increased migrant deportations.

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What are the potential long-term regional and global implications of Trump's actions against Venezuela?

The long-term implications of Trump's actions remain uncertain. While they might inflict economic damage on Venezuela, they could also provoke retaliatory measures or further destabilize the region. The effectiveness of tariffs in achieving Trump's stated goals—reindustrialization, reduced deficits, and increased employment—is debatable.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Mar 14, 07:13

Tarim Oilfield's Ultra-Deep Production Bolsters China's Energy Security

China's Tarim oilfield produced 150 million metric tons of oil and gas from depths exceeding 6,000 meters in 2024, representing 37% of the nation's total output and signifying advancements in ultra-deep drilling technology to bolster energy security.

Tarim Oilfield's Ultra-Deep Production Bolsters China's Energy Security

China's Tarim oilfield produced 150 million metric tons of oil and gas from depths exceeding 6,000 meters in 2024, representing 37% of the nation's total output and signifying advancements in ultra-deep drilling technology to bolster energy security.

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Affordable and Clean Energy

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What is the significance of the Tarim oilfield's ultra-deep oil and gas extraction on China's energy security?

China's Tarim oilfield, the largest ultra-deep oil and gas production base, has extracted 150 million metric tons of oil and gas, accounting for 37 percent of the country's total output in 2024. This achievement showcases China's advancements in ultra-deep drilling technology and its strategic push for energy independence.

cnnespanol.cnn.com

🌐 85% Global Worthiness

Mar 12, 07:12

Ecuador's Sacha Oil Field Concession Sparks Controversy

Ecuador's government plans to grant a 20-year concession of the Sacha oil field, its largest, to a Chinese-Canadian consortium for US \$1.5 billion, sparking controversy over transparency and potential financial losses for the nation, despite government claims of increased efficiency and revenue.

Ecuador's Sacha Oil Field Concession Sparks Controversy

Ecuador's government plans to grant a 20-year concession of the Sacha oil field, its largest, to a Chinese-Canadian consortium for US \$1.5 billion, sparking controversy over transparency and potential financial losses for the nation, despite government claims of increased efficiency and revenue.

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How does Ecuador's decision to concede the Sacha oil field relate to broader global trends in oil production and investment?

Ecuador's decision to concede the Sacha oil field reflects a broader trend of governments seeking private investment to boost oil production and address financial needs. However, the lack of a competitive bidding process raises concerns about transparency and potential losses of revenue for the state. This action has prompted legal challenges and protests from various social and labor organizations.

Showing 13 to 24 of 120 results