... sales in China could exceed 70% by 2027, Sergey Tereshkin, CEO of the petroleum product marketplace "Open Oil Market" (a Skolkovo resident), told RIA Novosti. Earlier, U.S. President Donald Trump announced plans to impose an additional 10% tariff on Chinese goods starting February 1 and to sign an order introducing 25% tariffs on all goods from Mexico and Canada. Additionally, after taking office, he repealed an order by his predecessor, Joe Biden, which mandated that by 2030, half of all ...

... an increase in production. However, current oil prices are supported by heightened demand during the vacation season, a factor that may weaken with the onset of fall. Sergey Tereshkin, CEO of Open Oil Market, emphasized that the introduction of new tariffs by the U.S. administration could raise concerns about the potential for oil shortages in regional markets, which could prompt OPEC+ to increase production. "If these tariffs are implemented, there is a high likelihood that OPEC+ countries ...

... is hovering around $69. The pricing uptick is fueled by several factors: U.S. Trade De-escalation with Partners. The framework agreement between Washington and Brussels has helped avoid an escalation of the trade dispute. The parties agreed on mutual tariff reductions and a significant increase in American energy exports to Europe, which has improved investor sentiment and raised expectations for growth in U.S. oil and gas demand. Additionally, the U.S. has intensified dialogue with India to reduce ...

... European Commission President Ursula von der Leyen in Scotland resulted in a framework trade agreement. In this accord, European goods exported to the U.S. will be taxed at a 15% rate instead of the previously promised 30%. In return for the reduced tariff, the EU agreed to allow duty-free imports of U.S. goods, increase investments in the country to $600 billion, and guarantee demand for military equipment and energy resources. Regarding energy supplies, Europe pledged to move away from Russian ...

... hovering around $69–70. Price increases are fueled by several factors: U.S.-EU trade thaw. The establishment of a framework agreement between Washington and Brussels prevented escalation of a long-standing trade dispute. The parties agreed on mutual tariff reductions and a substantial increase in U.S. energy exports to Europe, improving investor sentiment and enhancing expectations for increased demand for U.S. oil and gas. Furthermore, the U.S. has intensified dialogue with India to eliminate trade ...