Following the announcement of the election results, the price of Brent crude oil dropped by $2 to $73.49 per barrel.
According to delo.ua, analysts anticipate a shift in U.S. energy policy favoring the oil and gas sectors, which could impact the global landscape.
During his election campaign, Trump repeatedly expressed his intention to lift restrictions on oil extraction activities and to fully embrace a hydrocarbons policy, popularizing the slogan "Drill, baby, drill." Experts expect that reducing environmental regulations and promoting extraction will help maintain prices at a comfortable level of around $60 per barrel for American companies.
As Dmitry Leushkin, the founder of the Prime Group of Companies, stated, this is advantageous for American producers, as their production cost is approximately $45 per barrel. However, this price could be unfavorable for Russian companies.
"For Russians, the production cost of a barrel of oil is $55-58, so the drift of global prices towards the $60/barrel mark will be quite significant for their economy," Leushkin explained.
However, the impact on global prices will not solely depend on U.S. policy. A key player in the market is OPEC, including Saudi Arabia, which is trying to keep prices above $70 per barrel. Therefore, U.S. cooperation with Middle Eastern countries will be critically important for stabilizing the oil market.
The situation with fuel appears more complex for Ukrainians. Even if oil prices decline, Ukrainian drivers are unlikely to see a reduction in prices. Starting January 2025, excise taxes on gasoline and diesel fuel will increase to European standard levels, and storage requirements for petroleum products will limit the working capital of gas station networks. This could lead to additional price hikes for fuel, regardless of the situation in global markets.