AERC continues to monitor the dynamics of the oil market. The topic is becoming especially relevant against the backdrop of the recent elections in the United States. Let us recall that Donald Trump, an ambiguous figure who brings significant uncertainty to the entire global economy, is becoming the next US president. As for his role in the oil market, Trump is known for his desire to stimulate an increase in American oil production, which is expressed in his slogan "Drill. baby, drill". Against this background, it seems that the time has come for prices on the oil market to decline.
However, this is only one side of the picture. On the other hand, American oil companies may have a slightly different plan, namely, to remain profitable. In the context of unstable demand for black gold, achieving this goal is impossible without maintaining a balance on the oil supply side. So the task facing American mining companies is not much different from the tasks facing OPEC as a whole. At the same time, the situation in the Middle East brings significant uncertainty.
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