From Investing.com: 2024-11-08 06:08:00

Energy markets are adjusting to the potential impact of a Trump presidency on oil and gas prices. Trump’s policies are expected to be bearish overall, but there is upside risk depending on how he handles Iran. Production growth will be driven by price considerations.

Trump’s emphasis on drilling could boost US oil production, although profitability is linked to oil prices. Additional output may come from federal lands with policy changes. Trump’s presidency may bring certainty to the industry and encourage investment in pipeline infrastructure.

Trade tensions could affect energy prices, especially if US energy trade becomes entangled. Retaliatory tariffs could impact energy prices, as seen in the past. A focus on domestic issues initially could shift to trade matters, impacting energy prices.

Trump’s foreign policy approach will influence energy markets, particularly regarding Russia/Ukraine and the Middle East. Peace negotiations and potential sanctions removal could affect market stability. Iran sanction risk remains a key factor, with Trump’s stance potentially impacting oil supply and prices. Trump may pressure OPEC+ to increase output in response to price strength.



Read more at Investing.com: What a Trump Presidency Means for Oil and Gas Markets