Seven Questions and Answers About the Oil Market in 2025
The risk to our forecast comes from a combination of factors: a strong dollar, trade wars, and an end to the Ukraine war. They are all bearish for oil.
1. Can the Trump administration increase US oil production in large volumes as it did during Trump’s first term?
No. The years 2025-2028 are not qualitatively like the years 2017-2020 for several reasons: