OPEC+ Frets Over U.S. Oil Output Growth Under President Trump

The OPEC+ group is wary that coming deregulation in the U.S. energy sector could boost U.S. oil production higher than forecast under incoming President Donald Trump, OPEC+ delegates have told Reuters. More U.S. oil supply could further erode OPEC+’s market share and weigh down on oil prices, which the OPEC cartel and its allies are desperately trying to support with production cuts. President-elect Trump’s return to the White House would likely mean less stringent environmental policies for the industry, “but we may see higher…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com