US oil and gas producers will not raise output significantly in the coming years

Exxon Mobil Corp’s Upstream President Liam Mallon said at a conference in London that the Trump’s “drill, baby, drill” will be unlikely under Trump because “the vast majority, if not everybody, is primarily focused on the economics of what they are doing”.

The US is pumping more than 13 million barrels of crude a day, exceeding
every other nation and up almost 45% in the past decade.

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This article was written by Giuseppe Dellamotta at www.forexlive.com.