Published On Dec 20, 2024, 1:28 AM
U.S. President-elect Donald Trump has stated that the European Union (EU) should purchase more U.S. oil and gas as a way to address a significant trade deficit with the U.S. He also warned that failing to comply could result in tariffs on EU imports.
Positive
Trump's demand for the EU to purchase U.S. energy could boost the performance of U.S. oil and gas companies, especially given the ongoing energy market dynamics. If the EU responds positively, it may indicate a shift in energy sourcing that favors U.S. exports, which could enhance revenue for related companies.
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