OREANDA-NEWS In the months following the inauguration of President Donald Trump, the global oil and gas industry is set to experience a period of upheaval, according to Vladimir Demidov, an independent expert in the field of resources and energy. He shared his predictions in an interview with Lenta.ru.

Demidov believes that the decline in oil prices following Trump's inauguration is a natural consequence of his policies towards the oil and gas industry. He explained that Trump has promised to significantly increase production of both oil and gas.

The question now is: what will happen to oil and gas prices in the coming months? The expert predicts that the oil and gas industry will face a period of turbulence.

Vladimir Demidov, an analyst, believes that Trump will do everything in his power to keep his promises to the American oil companies and ensure that they produce oil.

Consequently, the price of oil should be at a reasonable level for American oil companies. This can be achieved through various means. Naturally, price wars can be waged, but it would be a challenging endeavor for the United States, as the oil and gas industry is not controlled by the government but by private companies. These companies operate independently, opening and closing operations based on market conditions or negotiating with OPEC+, as Demidov explained.

It is probable that the United States will increase production at the expense of other countries, according to the interlocutor of «<url>». In particular, Trump may impede the production of Iran and Venezuela by imposing additional sanctions to prevent the sale of their oil, he suggested. Consequently, the politician will compensate for the lost volumes with the production of oil workers in the United States, the expert stated.