February 10, 2025 10:59 GMT
ENERGY: Trump's Upcoming Calls And Possible Energy Implications
ENERGY
President Trump’s upcoming calls/meetings and implications for energy markets.
- A call between Xi Jinping and Trump was scheduled for Tuesday but appears to have been cancelled after China announced retaliatory tariffs on the US last week. A potential China/US trade war has raised concerns of weaker global consumption.
- India PM Modi and Trump are scheduled to meet later this week. India’s Oil Minister hopes energy supply issues will be discussed, while Indian LNG importers are currently holding talks to buy more US LNG supplies ahead of the meeting.
- Meanwhile, Trump said on Sunday that he had spoken to Russian President Putin about ending the war in Ukraine and that “it’s going to end”. A Kremlin spokesman said he could neither confirm nor deny that a conversation had taken place.
- Trump is expected to meet with Ukrainian President Zelensky this week.
- A potential peace agreement between Russia and Ukraine could have wide-ranging impacts on oil & gas markets. The EU could subsequently increase Russian pipeline gas imports, while US/EU sanctions against Russia’s oil sector could be relaxed.
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