• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Technology & Startups

Oil markets wait to see if Trump’s Russian oil tariff threat is a bluff

March 31, 2025
in Technology & Startups
Reading Time: 3 mins read
A A
0
3
SHARES
6
VIEWS
Share on FacebookShare on Twitter


By Siyi Liu and Lewis Jackson

BEIJING (Reuters) – Oil markets on Monday shrugged off U.S. President Donald Trump’s threat to hit buyers of Russian oil with tariffs as the shock value of the barrage of threats from the White House begins to wear thin with jaded traders.

Trump’s off-the-cuff proposal to hit any country buying Russian oil with a 25% to 50% tariff would be significant for oil markets if it turned into an order, but analysts and traders questioned whether the president’s latest threat was serious.

“There’s an element of fatigue with the announcements from the U.S. administration on tariffs and sanctions,” said ING’s head of commodities strategy Warren Patterson.

“So I suspect until we get something more concrete, the market is not going to overreact to this,” he said.

Oil prices dipped on Monday with the more active June Brent crude futures down 0.2%, to $72.59 a barrel by 0028 GMT, and the U.S. West Texas Intermediate crude lower by 0.3%, to $69.18 a barrel.

China and India are major buyers of Russian crude and their acquiescence would be crucial to making any secondary sanctions package seriously hurt exports from the world’s second largest oil exporter.

Recent U.S. sanctions on Moscow have led Chinese state oil companies to shy away from Russian oil, with Sinopec and Zhenhua Oil halting purchases, while two others scaled back volumes as they assessed compliance.

However, on Monday morning several Chinese traders were unfazed by the latest threat. Three who spoke with Reuters all said Trump’s constant brinksmanship meant they discounted what he said.

“We’re all numb now, oil prices are not responding,” said one trader who spoke on condition of anonymity. “It’s no use listening to Trump anymore.”

“It’s hard to tell what the impact would be as Trump is always bluffing, his words have lost credibility,” said a second.

If the tariffs became a serious threat, markets would look to how strictly the policy would be enforced and whether the Organization of the Petroleum Exporting Countries would ramp up production to make up for any drop in Russian exports, analysts said.

The secondary sanctions imposed on Venezuelan oil last week could serve as a model for markets to assess the impact of a similar set of policies against Russia, said Patterson.

Chinese buyers have already paused purchases ahead of those sanctions taking effect on Wednesday. Traders and analysts expect some sales to resume as buyers find workarounds unless Beijing issues a blanket ban.

(Reporting by Lewis Jackson in Beijing, Siyi Liu in Singapore; Editing by Sonali Paul)

Tags: Donald TrumpOil pricesRussian exportsRussian oilsecondary sanctionsthreat
Previous Post

Ovechkin notches 890th goal, moving 5 away from Gretzky’s all-time NHL record

Next Post

Russia-Ukraine war: List of key events, day 1,131

Related Posts

IATA expects sustainable aviation fuel production to double in 2025

June 1, 2025
5

Why AI is primed to be a huge benefit — and a major liability — for consulting’s Big Four

June 1, 2025
6
Next Post
Russia-Ukraine war: List of key events, day 1,131

Russia-Ukraine war: List of key events, day 1,131

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0

British cyclist Simon Yates wins elusive Giro d’Italia title todayheadline

June 1, 2025
Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so

Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so todayheadline

June 1, 2025
Over 30 killed near aid site in Gaza, Palestinian health authorities say

Over 30 killed near aid site in Gaza, Palestinian health authorities say todayheadline

June 1, 2025
ET logo

Centre to unveil new website for Waqf property registration todayheadline

June 1, 2025

Recent News

British cyclist Simon Yates wins elusive Giro d’Italia title todayheadline

June 1, 2025
4
Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so

Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so todayheadline

June 1, 2025
6
Over 30 killed near aid site in Gaza, Palestinian health authorities say

Over 30 killed near aid site in Gaza, Palestinian health authorities say todayheadline

June 1, 2025
4
ET logo

Centre to unveil new website for Waqf property registration todayheadline

June 1, 2025
6

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

British cyclist Simon Yates wins elusive Giro d’Italia title todayheadline

June 1, 2025
Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so

Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so todayheadline

June 1, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co