Destroying all premature political obituaries about him and opponents of descriptions, the Trump 2.0 era began with a familiar cry of "drill baby, drill" from the President, among other things.
Drill the Americans will, and already are, pumping north of 13 million barrels per day of crude oil. Here's The Oilholic's Forbes piece on the day's 'crude' developments and how the President wants to tap into America's "liquid gold" to usher in a "a new golden era" for the country.
As for the oil price itself, this blogger stands by what one told Reuters earlier during the day's trading session - the Trump administration will most likely go after Iran and Venezuela, with heightened sanctions on Russia already priced in oil market.
This will likely keep the Brent front-month futures contract around $80 per barrel. However, the direction of travel from there will be dictated by emerging Trump policies, non-OPEC production, international trade wars (or not) and China's economy.
That's all for the moment folks. Keep reading, keep it here, keep it 'crude'!To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.
To email: journalist_gsharma@yahoo.co.uk
© Gaurav Sharma 2025. Photo: US flag. © DWilliam / Pixabay, 2015.
