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America takes up the drill

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented on the consequences of Donald Trump's new energy policy for the global oil market to Kommersant FM.

Sanctions against Russia may even be strengthened, Alexei Belogoryev admits, because this is in line with Trump's policy. Moreover, according to the expert, the United States itself is not able to dramatically increase production:

"It seems to me that the Republican greatly exaggerates his capabilities. He may, of course, apply some measures to stimulate production, but all this will have an effect in three to four years, that is, by the end of his presidency and even in the longer term. Overall, oil production in the United States is clearly slowing down, and the shale revolution is, in fact, coming to an end. It will be quite difficult to change this trend somehow.

Trump may be trying to boost exports, but its increasing depends on production opportunities anyway. Therefore, the impact on the global market will be limited.

Washington's policy towards Iran will attract much more attention. Sanctions against the Islamic Republic's oil exports could theoretically remove up to 1 million barrels per day from the market."

 

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