Top shale boss says US oil companies will not flock back to Russia

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Financial Times 17h ago

Top shale boss says US oil companies will not flock back to Russia - Financial Times

Quick Summary:

Immigration and we had to stop the flow of drugs into this country,” said Hamm.“With Mexico and Canada, the tariffs are probably not going to be big factors if they will co-operate in the future.

Exxon has a long history of investing in Russia but has pulled back following the imposition of western sanctions following Moscow’s invasion of Crimea in 2014 and its full-scale invasion of Ukraine in 2022.

Despite concerns within the oil industry that Trump’s threat to impose steep tariffs on Canada and Mexico would raise costs and increase petrol prices, he said they were necessary to tackle other problems.“The border was number one consideration.