Why Citi Thinks Trump Is Bearish for Oil

With the U.S. presidential elections just 100 days away and Vice President Kamala Harris recently replacing President Biden as the presumptive Democratic nominee, Wall Street is now weighing in with predictions of how the Oil & Gas sector is likely to fare under either candidate.  Under most key metrics, the U.S. oil and gas industry has flourished under the Biden administration despite this being the most pro-renewables government ever thanks to game-changing legislation such as the Inflation Reduction Act (IRA) and the Infrastructure…