January 02, 2025 [Hellenic Shipping News]- Lipow Oil Associates President Andy Lipow discusses 2025’s global oil outlook under the upcoming Trump administration on Catalysts.

Lipow identifies Trump’s expected deregulation policies and “drill baby drill” stance as potential catalysts for increased oil production efficiency.

However, he warns of “the biggest impediment” to reaching substantial growth this coming year. The global oil market already faces oversupply heading into 2025.

The oil market is not particularly concerned about supply over the next few years, especially in an environment where Chinese oil demand growth has disappeared, “he tells Yahoo Finance, highlighting China’s lower-than-expected consumption in 2024.

Regarding industry consolidation under Trump, Lipow notes, “There not many large players left.” Nevertheless, he emphasize that oil producers must consolidate to enhance operational efficiencies.