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ENERGY: BP Expects Regulatory Improvements Under Trump Administration

ENERGY
USEnergy BulletsNorth AmericaBulletCommodities

BP anticipates strong US growth and expects regulatory improvements under the Trump presidency, according to CEO Murray Auchincloss.

  • The incoming Trump administration is expected to reform and streamline U.S. permitting and regulatory processes to help progress construction and infrastructure projects more quickly, he added.
  • North American gas demand is expected to grow by 20%-30% this decade.
  • Oil demand continues to surprise to the upside and is expected to remain strong for the next five to ten years.
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BP anticipates strong US growth and expects regulatory improvements under the Trump presidency, according to CEO Murray Auchincloss.

  • The incoming Trump administration is expected to reform and streamline U.S. permitting and regulatory processes to help progress construction and infrastructure projects more quickly, he added.
  • North American gas demand is expected to grow by 20%-30% this decade.
  • Oil demand continues to surprise to the upside and is expected to remain strong for the next five to ten years.