💨 Abstract

The UBS report casts uncertainty over U.S President Donald Trump's plans to increase oil production and fill the Strategic Petroleum Reserve (SPR). The level of oil production in the U.S is primarily controlled by private companies, which base decisions on factors like global demand, oil prices, and profitability. No significant changes in capital spending or drilling activity have been seen since Trump's election.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖