President Trump's efforts to end conflict could lower global energy costs

From Investing.com: 2025-01-23 09:55:00

Prices sold off yesterday after President Trump proposed to Russia to make a deal in the Ukraine war or face more sanctions. President Trump on Truth Social expressed concern, stating that Russia’s failing economy needs to settle the war. New sanctions on Russia are impacting super tanker freight rates. Oil refiners in India are seeking alternative oil sources due to sanctions. Russian President Putin may be open to a deal, as Ukraine’s first vice prime minister signals willingness to negotiate. Iraqi oil exports are dropping due to sanctions on Iranian crude, affecting Malaysian oil exports as well. President Trump’s efforts to end the conflict could lower global energy costs and strengthen sanctions on Iran. Biden’s Energy Secretary Jennifer Granholm is under scrutiny for sending $15B in green energy loans to Michigan utilities. The oil market is tight, with Citi raising its 2025 oil price outlook due to geopolitical risks. The API reported an unexpected increase in crude, gasoline, and distillate supplies. Natural gas prices are rebounding amid record demand and cold weather, with February’s temperatures determining the market’s fate.



Read more at Investing.com: The Energy Report: A Trump Peace Dividend