Anti-OPEC Trump wild card for oil prices


President-elect Donald Trump delivers remarks to members of the news media during a meeting with US President Barack Obama (not pictured) in the Oval Office of the White House in Washington, DC, November 10, 2016. Most likely under a Trump administration there will be less energy and environmental regulation.

Will push US oil projects, shale, gas

Donald Trump’s victory in the US presidential election means his administration is likely to focus on domestic oil projects, leading to a prolonged period of lower oil prices.

“Most likely under a Trump administration there will be less regulation,” Fadel Gheit, a senior energy analyst at Oppenheimer in New York, told New Europe by phone on November 9, adding that the oil industry is very heavily regulated in the US, including environmental impact laws.

“For all practical purposes, less re...

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