WTI - The fate of oil with Trump's policies?!WTI oil is located between EMA200 and EMA50 in the 4-hour time frame and is moving in its upward channel. In case of a downward correction towards the demand zone, the next opportunity to buy oil with a suitable risk reward will be provided for us.
The China National Petroleum Corporation (CNPC) has stated that China’s crude oil production is expected to increase by 1% by 2025, reaching 215 million tons. Additionally, China’s crude oil imports are projected to grow by 1%, reaching 559 million tons.
The CEO of Aramco has noted that robust demand from China will continue to drive global oil demand growth. He predicts that oil demand will rise by 1.3 million barrels per day in 2025.
Donald Trump, the President of the United States, has directed his administration to revoke the “Executive Order on Electric Vehicles.” This move aims to roll back regulations on vehicle emissions and fuel efficiency standards, which he claims unfairly restrict consumer choice.
This directive, part of a broader executive order focused on energy, also calls on regulators to consider “eliminating unfair subsidies and other misguided government interventions that favor electric vehicles over other technologies and effectively mandate their purchase.”
On Monday, President Trump signed several energy-related executive orders, declaring a “National Energy Emergency” and launching measures heavily favoring fossil fuel development and production. These actions are seen as a blow to the energy policies of the previous administration under Joe Biden, which aimed to bolster the renewable energy sector. The new executive orders focus on boosting domestic energy production and lowering consumer costs.
In December, energy prices rose, contributing to overall inflation. Key drivers of the fuel price increases included:
• Colder-than-expected winter weather,
• Supply concerns driven by sanctions and geopolitical conflicts,
• Optimism about demand stimulation from China.
Pilot Company, owned by Berkshire Hathaway, has decided to cease its international oil and fuel trading operations. This decision comes after months of restructuring and the dismissal of many traders.
The President of the Petroleum Association of Japan has stated that despite Trump’s policies, uncertainty remains regarding increased oil and LNG production by U.S. energy developers. He also noted that there is little likelihood of an immediate increase in oil imports from the U.S., as Japan prefers to maintain a stable supply of crude oil from the Middle East, which is more compatible with Japanese refineries.
