For oil markets, all roads have led to Alaska this week. Specifically, to the Elmendorf-Richardson military base in Alaska where US President Donald Trump and his Russian counterpart Vladimir Putin are to hold talks on 15 August in one of the most anticipated political events in recent years.
The outcome of the discussions could have a profound impact on global oil markets, determining whether the Trump administration will commit to a tougher political stance on Russia over the war in Ukraine and push ahead with tightening sanctions on the export of Russian oil, or if it will adopt the more pro-Putin stance that most observers expected from Mr Trump ahead of his election last November. (CONTINUED - 928 WORDS)
