A New Oil Cycle Begins And Sanctions, Shale, and OPEC Set the Stage

When President Donald Trump came into office, oil prices jumped. The immediate reason was simple enough: Trump likes a hardline approach to countries he sees as enemies, and that means Iran and sanctions on its oil exports. But there’s another factor at play, too: U.S. shale. Energy market analyst John Kemp wrote this week that it was time for a new cycle in crude oil, citing both sanction action by the Trump administration against not just Iran but Russia and Venezuela, too, and also shale oil production growth. It is that second factor…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com