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Trump aims to trigger an oil boom, but oil giants indicate it is not that simple!
Analysts say that it is difficult for any president to change the direction of oil prices or rbob gasoline prices.
Will oil prices drop to $40 next year? Wall Street is hotly debating this possibility.
Analysis suggests that if OPEC+ lifts its current production cuts in 2025, international oil prices could drop significantly by 40%, to around $40 per barrel. However, OPEC+ is more likely to opt for a gradual easing of the production cuts, rather than an immediate comprehensive removal of the cuts.
If OPEC+ cancels the voluntary production cut plan, what will happen? Analysis: Oil prices may be halved next year.
1. The agreement of OPEC+ member countries to reduce daily production of 2.2 million barrels of crude oil has been postponed until the end of December; 2. Market observers state that if the organization does not reach a genuine agreement to control production in the future, oil prices may fall to $30 or $40 per barrel next year; 3. According to forecasts, the organization is more likely to gradually phase out production cuts early next year, rather than immediately withdrawing completely.
Midday crude oil analysis: Oil prices are stable with upside potential, market focuses on usa EIA inventories and inflation data.
As of 12:00 Beijing time, the price of Brent crude oil 2501 block orders contract was $72.08 per barrel, up 19 cents from the settlement price on November 12, with the closing price of the contract that day up 6 cents from the previous trading day.
Revealed! The oil & gas industry in the USA calls out to Trump: Give up Biden's climate policy!
1. The oil & gas industry in the usa directly calls out to the newly elected President Trump, urging him to repeal many of the climate change policies implemented by the Biden administration; 2. The API urges Trump to cancel the federal government's delegation of authority to California, not allowing California to enact state tailpipe emissions regulations stricter than federal regulations, and to repeal the clean energy regulations of the United States Environmental Protection Agency (EPA).
Exxon CEO Says Trump Should Keep U.S. in Paris Climate Agreement