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Donald TrumpOil prices dropped by less than 1% on Tuesday after US President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption Brent crude futures settled down 50 cents, or 0.7%, at $68.71 a barrel. US West Texas Intermediate crude futures were down 46 cents, or 0.7%, at $66.52. “The focus has been on Donald Trump. There was some fear he might target Russia with sanct…See the Story
Oil Falls as Trump Gives Russia 50 Days to Avoid New Sanctions
United States · United StatesU.S. petroleum product exports reached a new high in 2024, averaging 6.6 million barrels per day (BPD) across the year, an increase of nearly 500,000 BPD compared to 2023. According to the U.S. Energy Information Administration (EIA), the growth was primarily driven by higher exports of distillate fuel oil (sold mainly as diesel) and jet fuel, while gasoline exports slightly declined. On the import side, the U.S. reduced its intake of major fuel…See the Story
