Oil prices recently fell below $ 65 per barrel, which is the lowest level since the time of Coronavirus pandemic.
US Minister of Energy Chris Wright said he is waiting for lower average price and oil energy. This may happen in the coming years under the Trump administration. On Sunday, April 13, Bloomberg wrote a reference to an American official.
“Under President Trump’s leadership in the next four years, we will almost certainly see the lower average energy price, which we have noticed in the past four years of the previous administration,” Wright said in a briefing to journalists in the capital of Saudi Arabia, Riyadi.
At the same time, the head of the US Department of Energy refused to name specific indicators.
“I can’t comment on where oil prices are now or where they move, but if you reduce investment barriers, reduce the barriers to infrastructure development, you can reduce the cost of energy supply,” Wright said.
The American officer is in Riyadh as part of the tour of several countries in the Middle East. This includes meetings with the Saudi Arabia Minister of Energy by Prince Abdulaziz bin Salman.
States at Joe Biden’s presidency are often contrary to Saudi Arabia due to energy policy. This happened, in particular, against the background of Riiyad who ignored Washington’s requests to increase production and reduce oil prices to fight inflation.
Remember that global oil prices began to decline after this year’s best growth due to news about the conclusion of the introduction of import duties in the United States for a number of countries
No good scenario: The inevitable fall in oil prices will end the Russian Federation
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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.