How Will Biden's Energy Policies Affect Oil Prices?
U.S. President Joe Biden’s new energy policies will have a moderate impact on Brent prices overall. That’s what Matthew Bey - a senior global analyst with Stratfor, a RANE company - told Rigzone, adding that short term price dynamics are largely being driven by Saudi Arabia, OPEC+ policy and the pace of the economic recovery from Covid-19. “Over the next two years the economic recovery from Covid-19 and the pace of it globally, coupled with the pace of global production growth will play a driving role in price formation,” Bey said. “President Biden's policies could slow down the pa...