Trump’s Oil Plans Meet Market Glut in 2025 ...Middle East

President-elect Donald Trump’s friendly oil policies could boost U.S. crude production beyond the currently estimated growth. However, Trump’s vow to “drill, baby, drill” and the promised deregulation in the oil and gas industry with faster permitting could hit a wall of continuously growing global supply. This higher production from non-OPEC+ producers is set to tilt the market into a large surplus in 2025, even if OPEC+ keeps its current commitment to begin bringing back supply from April, analysts and forecasters say.…

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