What Will Trump’s Approach Be To Saudi Arabia And OPEC+? ...Middle East

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What Will Trump’s Approach Be To Saudi Arabia And OPEC+?
source : OILPRICE ( Middle East ) () 58
One of President-elect Donald Trump’s key achievements when first in office was keeping the benchmark oil prices within a very carefully managed range – ‘The Trump Oil Price Range’. The lower part of this is US$40-45 per barrel of the Brent benchmark, which is the price at which the bulk of U.S. shale oil producers can breakeven and make a good profit on top. The upper part is US$75-80 per barrel, which ties into historical data showing that a gasoline price of under US$2 per gallon has been most advantageous for U.S. economic…

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