Trump’s Tariffs Leave Shale Industry Stunned
No one fully understands yet how the global economy will ultimately respond to sweeping new tariffs announced by newly re-elected U.S. President Donald Trump — especially as policies continue to shift. One thing is clear: demand forecasts for oil are falling across the board, keeping Brent crude prices from rising …
The EU Has Taken the First Step Towards the Introduction of “Carbon” Tariffs
The European Commission approved the rules for the implementation of the mechanism of transboundary carbon regulation at the preparatory stage. The requirements for the Carbon Border Adjustment Mechanism (CBAM) system will come into force on October 1 and will be valid until the end of 2025. This will be the …
GE / Baker Hughes: European Commission Clears Merger
Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that the European Commission has cleared the proposed transaction between Baker Hughes and GE’s oil and gas business under EU merger control rules. The companies remain confident in the value that the combined company will deliver to its customers, …
Gazprom Responds to EU “Statement of Objections”
On April 22, 2015 the European Commission published a press release on its official website, according to which the European Commission adopted a “statement of objections” in the course of ongoing antitrust investigation of OAO “Gazprom” activity in the European Union (EU). OAO “Gazprom” considers the claims brought by the …