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Tariffs on countries that consume Russian oil. India will, of course, be the first to suffer. I don't think these tariffs will be extended to China; that's my prediction. The Americans aren't going to quarrel with the Chinese over this right now.
#USA #India #China #Trump #Economy #Oil #Russia

Oil has been falling since January 2025... I don’t think it will continue to decline significantly.
#Oil #Economy

Let's not forget about the Novorossiysk port, which I think will become a very important target for Ukraine in September. Let's lock in this prediction of mine. In September, the Novorossiysk port will be in the news precisely in this context.
#War in Ukraine #Ukraine #Russia #Oil

I believe there are no fundamental reasons for the oil price to sharply drop again or, conversely, to stabilize. It seems to me that this price level is quite acceptable for American producers.
#Oil #Economy

This morning Brent was at 74... If the price keeps dropping, and the overall trend for the year, I think, is downward. It’s hard to predict, but for now, I don’t see any reason for a significant price increase. Talking about oil prices.
#Oil #Economy of Russia #Russia #Economy

I’m not a Trump buff. But to ignore what Trump actually does—like when he drove oil prices down, and now they’ve been driven up again by an Iranian move—would be foolish. It won’t last long. Prices will fall sooner or later—most likely in early July, though we can’t give exact forecasts; it might be next week, or even this week. Once the confrontation starts to cool, Urals crude will drop below $60.
#Oil #Economy

This will have quite a few different consequences, and one of them we are seeing now in the rise of oil prices. But this is a hysterical market reaction — I don't think it will last long. I believe oil will go down fairly quickly. Due to Israel’s strike on Iran, oil prices have risen, but they will go down soon.
#Oil #Economy

Canada's primary export to the U.S. is oil. The U.S. operates oil refineries that process this oil to produce gasoline for the domestic market. A tariff on Canadian oil would immediately impact gasoline prices within the U.S. Gasoline prices in the U.S. will rise if tariffs on Canadian oil are imposed.
#USA #Canada #Oil #Economy