OPIS Global Head of Energy Analysis Tom Kloza discusses the cost of oil at the pump on ‘Barron’s Roundtable.’
Energy analysts projected that the re-election of former President Trump could offer a potential boost to oil companies despite concerns that geopolitical tensions could lead to potential price increases.
Patrick De Haan, head of petroleum analysis at GasBuddy, posted on X that Trump’s re-election is “net [positive]” for oil companies, as the energy sector is anticipating a rollback of stringent regulations.
But he also said that it “could be bad for prices” if Trump hardens or adds more sanctions on Iran.
BLUE STATE REGULATORS COULD HIKE PRICE AT PUMP JUST DAYS AFTER ELECTION, GOP LAWMAKERS WARN
Phil Flynn, a senior analyst at Price Futures Group and FOX Business contributor, said Iran has been exporting roughly 1.7 million barrels a day, and if Trump enforces…
