US president Donald Trump is vocal about perceived trade imbalances, and crude oil is caught in the crosshairs. US policies are only starting to impact global markets, but oil prices are already rising and energy flows could become part of a trade war.
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A substantial drop in Russian exports later this month will not give any support to European prompt prices, but will complicate data comparisons.
Flows will fall when Nord Stream halts on 17-30 July, but Gazprom’s sales will not slow.
Colombians donned in yellow are mourning their football team´s loss to Japan today, but many are still celebrating the decisive victory of conservative candidate Iván Duque over former guerrilla Gustavo Petro in Sunday´s presidential election.