An oil industry between two fires
Politicking between two US presidential candidates has never been so colourful. As the election approaches and the polls swing back and forth, neither Trump nor Clinton have offered the oil industry what it needs
Just one week before election day and the outcome is still too close to call. At the time of writing, the polls were divided, but ABC's latest survey sees Trump pipping it. Whether it is Clinton or Trump who manages to triumph through the scandals - allegations of sexual misconduct for one and an impending FBI investigation for the other - the next US president will inherit an energy sector at a crossroads. The new leader of the free world will also face several important decisions on matters ranging from carbon emissions reduction policies to drilling regulations and taxes. President Obama's successor must achieve a delicate balancing act of cutting carbon emissions while bolstering US oil,
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
