Crude Oil

November 07, 2024

Price, not the president: OPEC+ policy as Trump returns

The election of Donald Trump for a second term as US president has brought significant attention to US energy policy. Meanwhile, OPEC+ announced on November 3 its decision to delay tapering production cuts of 2.2 million b/d from December to January, having previously postponed from October 2024.

As markets absorb president-elect Trump's victory, Payam Hashempour and Charlie Mitchell join Joel Hanley to analyze OPEC+ policy amid and beyond this political shake-up affecting the cartel's major producer counterpart across the Atlantic.

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OPEC+ delays plan to ease crude oil output cuts by one month (subscriber content)

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