OPEC+ expresses concern about a possible increase in oil production in the United States after Donald Trump returns to the White House. The expansion of U.S. supplies could undermine the alliance’s efforts to maintain prices and reduce its market share.
OPEC+, which produces about half of the world’s oil, recently extended production restrictions until the end of 2026 due to weak demand and production growth in the United States and other countries outside the alliance. At the same time, the United States continues to hold the lead, providing 20% of global supplies.
The US shale boom has long been a challenge for OPEC. Now, delegates note that a possible easing of environmental policy under Trump may stimulate further production growth.
«Trump’s return may be a boon for the American oil industry, but it’s bad news for us,» said a representative of one of the OPEC+ member countries.
An additional increase in production in the United States jeopardizes the alliance’s plans to increase production from April 2025, as this could trigger a collapse in prices. Trump, in turn, plans to increase production in order to lower energy prices and fight inflation, which he promised voters.