OIES – Trump 2.0 and Oil Markets, Mar 2025

The main theme of the report concerns the impact of the Trump 2.

0 administration's policies on oil markets and oil trade flows. The introduction of executive orders such as 'Unleashing American Energy' and the creation of the National Energy Dominance Council signals a bolder use of US energy as a geopolitical and trade lever. Trump 2.0 policies cause volatility and uncertainty in US and international energy markets. Oil markets are already undergoing significant transformations, including changes in oil and product trade flows. The Trump 2.0 administration's policies remain uncertain and depend on other countries' responses. Sanctions and trade restrictions have led to significant changes in oil export flows, especially from Russia to Asia. The US has become the world's largest oil producer, and its oil and product exports have sharply increased.