‘OPEC’s job has just become tougher with Trump win’

  |   Nigeria News

Pulitzer Prize-winning U.S. oil historian, Daniel Yergin, on Wednesday, said OPEC's job of trying to prop up oil prices just got harder with Donald Trump's win in the U.S. presidential election.

OPEC's internal dynamic could change, with Trump promising to tighten policies on Iran just as oil companies begin slowly to return to the Islamic Republic, he added.

Yergin, who is also the Vice Chairman of IHS Markit Think Tank, said, "the outcome of the U.S. election has added to the challenges of oil exporters because it will lead to weaker economic growth in an already fragile global economy.

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