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Energy markets face bifurcation point as US election looms
Either Donald Trump or Kamala Harris will enter the White House as president in January 2025, and the gulf between their energy and climate policy agendas will have global implications
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US Russia Donald Trump Vladimir Putin
Jason Corcoran
Moscow
20 March 2017
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Slow reset of US-Russian relations

Trump and Tillerson should help improve US-Russia relations. But an end to sanctions doesn't look imminent

Western media may be agog at Donald Trump's apparent fondness for Vladimir Putin, but Russia's battle-scarred energy sector is watching the romance with a sceptical eye. Even the appointment to Secretary of State of Rex Tillerson, the former ExxonMobil chief with long experience of dealing with Putin, is being treated cautiously. Although the Trump White House is expected to adopt a more pragmatic and open policy towards Russia, it would be naive to assume any major or early improvements. Less confrontational rhetoric is likely. A genuine thaw that boosts the oil and gas sector—not so much. Trump has promised to take a softer approach to Russian relations than his predecessor but already the

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