OPEC+ Frets Over U.S. Oil Output Growth Under President Trump

The OPEC+ group is wary that coming deregulation in the U.S. energy sector could boost U.S. oil production higher than forecast under incoming President Donald Trump, OPEC+ delegates have told Reuters. More U.S. oil supply could further erode OPEC+’s market share and weigh down on oil prices, which the OPEC cartel and its allies are desperately trying to support with production cuts. President-elect Trump’s return to the White House would likely mean less stringent environmental policies for the industry, “but we may see higher…