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Amid Trump's 'Drill Baby, Drill' Pledge, Strategist Predicts US Oil Supply Will See 'Marginal' Increase: 'Does The World Need That Much Oil?'

Benzinga ·  Nov 25, 2024 22:10

AmidDonald Trump's recent pledge to boost U.S. oil production significantly, questions arise about the necessity and impact of such a move.Vikas Dwivedi, a global energy strategist atMacquarie Group, has expressed skepticism regarding the need for an additional 3 million barrels per day.

What Happened: Dwivedi discussed the potential impact of Trump's second term on the U.S. oil supply. Talking to CNBC "Squawk Box" on Monday, he said that anticipates only marginal increases in supply, despite Trump's "Drill Baby Drill" stance.

"We actually think there will be marginal supply increases from the U.S...

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