Tariff measures weigh on oil and global growth

Tariff measures weigh on oil and global growth

The average price of ICE Brent crude oil in Q1/ 2025 was US$74.97/BBL, slightly higher than $74.01/BBL in the fourth quarter of 2024. The increase followed US sanctions imposed on major Russian energy companies such as Gazprom Neft and Surgutneftegas, as well as 183 oil tankers involved in Russia's "shadow fleet" exports. Platts estimated the sanctions affected about 1.5 million barrels per day of Russia’s seaborne oil exports, driving crude pri…

Aurora Energy Research, the leading provider of analysis of the world energy market, has published a new report examining the global consequences of two geopolitical risks: Russian gas supply and US President Trump’s tariff policies. The report highlights that a resumption of Russian gas by pipeline would have a substantial impact on European energy prices, while tariff trade interruptions could slow US growth while offering mixed results for ot…

Russian gas resumption to cut European energy prices by 7% in the long term while trade tariffs weigh on US growth global markets

New Aurora report examines major geopolitical risks to global gas markets, the uncertainty of future European supply, and the ripple effect of tariffs on prices in the US, Europe, and Asia due to LNG rerouting.   AUSTIN, TX (AURORA ENERGY RESEARCH)—Aurora Energy Research, the leading global energy market analytics provider, has today published a new report examining the global consequences of two geopolitical risks: Russian gas supply and US Pre…