Haik Gugarats

Washington, D.C., United States

I write about global energy politics for Argus Media; Opinions are personal and strongly held; {HIKE goo-gah-RUTS} [email protected]

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Articles

Trump Tariffs to Hit North American Energy Trade

2 months ago | coalzoom.com | Haik Gugarats

Trump Tariffs to Hit North American Energy Trade By Haik Gugarats February 3, 2025 - US president Donald Trump is set to disrupt the integrated North American energy market with tariffs of 10pc on Canadian energy imports and 25pc on Mexico-sourced energy commodities, effective on 4 February. Trump on Saturday issued executive orders that would impose taxes of 25pc on all imports from Mexico and 25pc on all non-energy imports from Canada, effective on 4 February.
US Senate approves Ukraine, Israel military aid

Feb 13, 2024 | argusmedia.com | Haik Gugarats

The US Senate today approved President Joe Biden's request for a massive military aid package for Ukraine and Israel, while the Republicans in the House of Representatives vowed to reject it. The Senate measure would allocate around $60bn in military aid for Ukraine, $14bn for Israel, in addition to providing $9bn in humanitarian aid to Gaza and other global crisis spots. The bill is substantially the same as requested by Biden in October, but it took an unusual journey to getting approved.
US backs Guyana over Venezuela dispute: Update

Dec 7, 2023 | argusmedia.com | Haik Gugarats

Updates with details throughout. The US administration is reemphasizing its support for Guyana as Venezuela escalates threats to annex its neighbor's oil rich border state. US secretary of state Tony Blinken in a phone call with Guyana's president Irfaan Ali late Wednesday reaffirmed "the US' unwavering support for Guyana's sovereignty," the State Department said.
US backs Guyana over Venezuela border dispute

Dec 7, 2023 | argusmedia.com | Haik Gugarats

The US administration is reemphasizing its support for Guyana as Venezuela escalates threats to annex its neighbor's oil rich border state. US secretary of state Tony Blinken in a phone call with Guyana's president Irfaan Ali late Wednesday reaffirmed "the US' unwavering support for Guyana's sovereignty," the State Department said.
US holds off on Venezuela sanctions snapback

Dec 1, 2023 | argusmedia.com | Haik Gugarats

The US today welcomed Venezuela's decision to open a pathway for opposition candidates to run in the country's presidential election, signaling no imminent action to snap back oil sanctions lifted six weeks ago. But the US continues to insist that Caracas must release more political prisoners and US citizens held in Venezuela, as a condition for continuing to pause restrictions on Venezuelan oil exports.
US may reimpose Venezuela oil sanctions

Nov 29, 2023 | argusmedia.com | Haik Gugarats |Tray Swanson |Carlos Camacho

The US' lifting of sanctions against Venezuela's oil sector may prove to be rather brief, as Washington is threatening to reimpose some of the economic restrictions it waived barely six weeks ago. Washington is keeping Caracas to a 30 November deadline to meet political conditions associated with a waiver from US sanctions that have been in effect since 2019.
Cop: Biden to skip UN climate summit

Nov 29, 2023 | argusmedia.com | Haik Gugarats

US president Joe Biden's administration plans to tout ambitious efforts to address climate change at the Cop 28 UN climate conference in Dubai, but Biden is sending vice president Kamala Harris to lead the large US delegation. "The vice president's participation in Cop 28 will continue the Biden-Harris Administration's leadership on bold, global action to address the climate crisis, advance US climate goals and help ensure a strong outcome at Cop 28," the White House said today.
Source of US Gulf oil spill still unclear: Update

Nov 28, 2023 | argusmedia.com | Haik Gugarats

Adds crude price updates and table. More than a week after its discovery, federal officials have yet to identify the source of an oil spill from a major offshore US Gulf of Mexico gathering line that shut in production at seven offshore facilities. Emergency response crews have examined 40 miles of the 67 mile long Main Pass Oil Gathering (MPOG) pipeline system without finding any damage or source of the leak, the US Coast Guard said today.
US warns Venezuela over opposition crackdown

Oct 31, 2023 | argusmedia.com | Haik Gugarats

Early signs of a renewed crackdown on opposition parties by Venezuelan president Nicolas Maduro's government will test Washington's resolve to keep oil sanctions against the South American Opec producer lifted. A Venezuelan court on 30 October suspended the results of a presidential primary held by the government's political opposition ahead of elections next year, which resulted in a resounding win by former lawmaker Maria Corina Machado.
World Bank eyes oil market fallout from conflict

Oct 30, 2023 | argusmedia.com | Haik Gugarats

The Israel-Hamas conflict has so far had a limited effect on energy markets but policy makers globally should be wary of the potential fallout if confrontation spreads in the Middle East, the World Bank says. The organization's latest Commodity Markets Outlook, released today, forecasts Brent crude prices to average $90/bl in October-December and fall to $81/bl in 2024 as global economic growth slows.