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
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026






