'Absolutely not': Pickering Energy CIO on U.S. oil drillers increasing production
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Dan Pickering, CIO of Pickering Energy Partners, states that U.S. oil drillers are unlikely to increase production despite President Trump's policies. He believes OPEC's actions will have a greater impact on oil prices.
March 14, 2025 | 6:30 am
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The Energy Select Sector SPDR Fund (XLE) may not see a boost from increased U.S. oil production as Dan Pickering suggests OPEC's actions will be more influential.
XLE, an ETF that tracks the energy sector, could be affected by changes in oil production. However, since U.S. production is not expected to increase, the impact is neutral. OPEC's actions are deemed more significant.
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