Oil in the Crosshairs: OPEC+ and the Trump Factor The once-mighty OPEC+ cartel finds itself cornered, its production strategies strained under the weight of market forces. Years of elevated oil prices have emboldened rival producers, leaving little room for maneuver. Global oil demand is forecasted to grow by a modest 1 million barrels per day in 2025, trailing the surge in non-OPEC+ supply. Yet, the wildcard remains Donald Trump. Should the U.S. tighten sanctions on Iran and Venezuela, it could give Saudi Arabia a golden ticket to increase production. Conversely, Trump’s penchant for trade wars or deregulating U.S. drilling could undercut OPEC+ efforts, ensuring Brent prices remain volatile. BP's Identity Crisis: Survival or Merger? Meanwhile, British oil major BP is…
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