Will Trump Trigger a New Oil Price War Between OPEC and The West?

One thing will have become extremely clear to Saudi Arabia’s Crown Prince Mohammed bin Salman in the lead-up to Donald Trump beginning his second stint as U.S. President. This is because he wants oil prices lower. He aims to achieve this by dramatically increasing oil exploration and production at home and by pressuring OPEC and its effective leader Saudi Arabia to lower their oil prices too, however they can. Surrounding this are various carrots and sticks that are part of the usual rough and tumble of dealmaking as Trump likes to practice…