10.11.2016 - OPEC Has No Reason to Be Happy About a Donald Trump Presidency
OPEC’s job of trying to prop up oil prices has just got much harder. With Donald Trump winning the U.S. presidential election, the 14-country oil-producing cartel may have to battle a sourer outlook for the global economy and weaker demand for crude. It also faces the prospect of increased U.S. oil output—a major bugbear for the Organization of the Petroleum Exporting Countries—given Trump’s pledge to open all federal land and waters for fossil fuel exploration.............................................Full Article: Source
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