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04.02.26 - 22:39
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Trump Signals Openness To China, India Investing In Venezuela′s Oil, While Tightening Rules (ZeroHedge)
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Trump Signals Openness To China, India Investing In Venezuela's Oil, While Tightening Rules
Authored by Sean Tseng via The Epoch Times,
President Donald Trump says he is open to China and India investing in Venezuela's oil sector, but new U.S. rules show that any reopening of Venezuela's oil trade will come with strict legal and financial conditions designed to keep Washington firmly in control.
Speaking to reporters aboard Air Force One on Jan. 31, Trump said China is “welcome to come in and we'll make a great deal on oil.” He also said the United States is working with India on a plan to buy Venezuelan crude instead of oil from Iran, adding that the basic “concept” has already been agreed upon.
Those remarks came as the U.S. Treasury Department rolled out a new Venezuela-related oil license that lays out who can participate, how money moves, and where disputes are settled.
Together, Trump's remarks and the new rules point to a cautious reopening of Venezuela's oil trade—one t...
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04.02.26 - 20:15
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Putin Touts Energy Ties With China, While India Still Dodges Issue Of Russian Oil Ban (ZeroHedge)
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Putin Touts Energy Ties With China, While India Still Dodges Issue Of Russian Oil Ban
Russian President Vladimir Putin and Chinese President Xi Jinping held a video link call on Wednesday, wherein Putin hailed Russia's energy relationship with China as "strategic" while emphasizing that Beijing has become Moscow's top buyer of oil and gas since the Ukraine 'special military operation' began.
The timing is the most notable aspect, given the call came just two days after Trump announced he would cut tariffs on Indian goods in exchange for New Delhi halting purchases of Russian crude. Trump also said Washington could lift an additional 25% penalty tariff imposed over India's energy cooperation with Moscow.
The curious thing is the lack of confirmation of the oil purchase cutoff from the Indian side. As yet, there's no clear indicator that this key element in the Modi-Trump deal has been ratified. On Wednesday FT reports India hails Donald Trump 'deal' but ducks discussing Russi...
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04.02.26 - 17:57
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WTI Holds Losses As Freezing Temps Sparked Massive Drop In US Production (ZeroHedge)
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WTI Holds Losses As Freezing Temps Sparked Massive Drop In US Production
Crude oil prices (WTI) are trending moderately lower this morning as traders weigh geopolitical tensions in the Middle East and a report of sharply lower US stockpiles reported by API overnight.
Iranian Foreign Minister Abbas Araghchi and US envoy Steve Witkoff will hold indirect negotiations in Oman on Friday, Iran's semi-official Tasnim reported, adding talks would be “limited to the nuclear issue and the lifting of sanctions.”
“Geopolitical tensions are really driving it,” Equinor Chief Financial Officer Torgrim Reitan said in a Bloomberg TV interview.
“The underlying balance is a lower price than there is today, but with everything going on it's very hard to say where this will end.”
We can't help but feel like the API reporting (and very mixed picture) was related to the impact of the freezing weather across most of the country.
API
Crude -11.1mm (+700k exp)
Cushing
Gasoline +4.7mm
Di...
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04.02.26 - 17:06
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If India stops buying Russian oil, what it could mean for Russia′s revenues — explained (Times of India)
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US President Trump's push for India to reduce Russian oil imports could significantly impact Moscow's revenue, potentially forcing price cuts. Recent data shows a notable decline in Indian purchases, with further reductions anticipated due to refinery maintenance and limited alternative buyers like China. While India cites energy security, geopolitical pressures and alternative supply options are reshaping global oil flows....
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04.02.26 - 17:01
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US-Rohöllagerbestände sinken in der Vorwoche unerwartet (Dow Jones)
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DOW JONES--Die Rohöllagerbestände in den USA haben sich in der Woche zum 30. Januar 2026 unerwartet verringert. Sie fielen nach Angaben der staatlichen Energy Information Administration (EIA) um 3,455 Millionen Barrel gegenüber der Vorwoche. Von Dow ......
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