In Russia, oil prices are predicted to reach around $50 in May. Trump also plans to increase gas exports to Europe.
US President-elect Donald Trump’s team is preparing to introduce new projects in the field of liquefied natural gas and increasing oil production in the United States. Reuters reported this on Monday, November 25, citing two sources.
They say Trump plans to reverse major climate laws passed by his predecessor, Joe Biden.
It was noted that one of the first priorities was to cancel the moratorium on the issuance of new permits for LNG exports. Trump will speed up drilling permits on federal lands and revive plans to drill offshore the United States. He will also try to get approval for the Keystone Pipeline project. The plan will be unveiled within days of the inauguration.
Meanwhile, Russian billionaire Oleg Deripaska made a gloomy forecast for Russia on oil prices after Trump’s innovations.
“Good morning, new world. Oil up to $50 in May looks to be everywhere,” he wrote.
Even before the election, Trump promised to start the massive development of oil wells.
“We have more black gold than any other country in the world! More than Saudi Arabia, more than Russia,” Trump said.
Trump had previously said that it was enough to reduce the price of oil to $40 per barrel and that Putin could not continue the war.
Let’s remember that the UK imposed sanctions on 30 tankers from Russia’s “shadow fleet”, carrying oil and petroleum products worth billions of pounds.
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.