US oil sector faces complicated path
Trump energy policies and changing consumer trends to upend oil supply and demand
US President Donald Trump’s energy and economic policies and changing consumption trends will slow down price-sensitive shale oil production while boosting gasoline uptake and exports of light crude, signalling new supply and demand patterns over the coming years. US oil production, which rose by more than 50% between 2014 and 2024, is forecast to plateau after reaching record levels in the next few years, according to the US Energy Information Administration (EIA) and the IEA. Output will rise from 13.21m b/d in 2024 to 13.37m b/d in 2025 and stay at that level next year, the EIA said in its July Short-Term Energy Outlook. The US, which accounted for 90% of the uptick in global supply betwe
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