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Trump’s major shift in energy policy : Unleashing fossil fuels and reshaping the global energy landscape
- January 21, 2025
- Posted by: Macro Global Markets
- Category: News
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Trump plans to take a series of actions immediately after his inauguration, using emergency powers to free up U.S. domestic energy production while reversing the Biden administration’s actions to combat climate change, according to people familiar with the matter. The shift is aimed at fulfilling his campaign promise to increase domestic energy production and reorient federal government policy to support oil and gas production, in stark contrast to the Biden administration’s efforts to curb fossil fuels.
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EU lowers Russian oil price ceiling and US reduces Saudi crude oil imports – new focus of energy landscape
- January 15, 2025
- Posted by: Macro Global Markets
- Category: News
Recently, there have been two significant changes in the global energy market: first, six EU countries called for a reduction in the price ceiling for Russian oil from the Group of Seven; second, the amount of crude oil imported by the United States from Saudi Arabia fell to the lowest point in nearly 40 years. These two events not only reflect the dynamic adjustment of the energy market, but also reveal the profound changes in the geopolitical landscape.
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