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Valor | Energy Connection – Feb. 24, 2025

Valor

and Russia prepare for peace talks on Ukraine, with potential impacts on oil sanctions and seaborne shipments. Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2

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Oil prices fluctuate despite supply boost by OPEC+

Crude Oil Futures

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producersparticularly in the Middle Eastto ramp up output until U.S. production reaches his desired levels.

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Latest OPEC+ move: the insignificant impact on oil market dynamics

Crude Oil Futures

President Trump will not abandon his, Drill, baby, drill strategy for sure. The crude oil prices, however, remained flat as the weekend approached as if nothing happened at the OPEC+ meeting.

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