Despite the US oil prices, US Energy Secretary Bullish

Abu Dhabi, the United Arab Emirates – US Energy Secretary Chris Wright, not worried about the influence of oil prices and the American oil industry, and stressed the importance of the growth of energy for the world’s largest economy.

“The United States will experience and develop the shale industry,” he said. “Of course,” he added, “He added:” Prices have long been to stay for a long time to stay for a long time, investment decisions will be adapted. But I am completely drowning in the US industry. “

Global demand, gathering uncertainty on tariffs, oil price occurred under pressure and Supply more than OPEC and OPEC non-OPEC countries in the market – Low, threatening the vitality of shale producers.

Global Benchmark Brent Crude’s Treaty of June ended on Friday at 13:43 a barrel on Friday, $ 63.51 to $ 63.51 / one barrel on Thursday. The front month may US WTI The contract increased by 0.32% to $ 60.26 per barrel. In the last year, both contracts decreased by about 22%.

To do its point, Wright referred to 2014, in 2014, in this process, a boom in shale production coincided with a low global demand and lowered oil prices. Had to fight the industry the bankruptcy wave.

However, the Secretary of Energy received an optimistic angle. “What was the price of oil prices in 2015 and 2016, what was the price of oil (due to the barrel) what was the case?

Commodity analysts estimate that the United States should be over $ 65 to keep shale manufacturers in the raw job. Goldman Sachs ups this week until December 2026, 2026, in 2026, and in 2026, December 58 / barrel for $ 58 per barrel, the price forecast for $ 58 per barrel.

Wright itself is an executor of the former shale that has been established and served as a CEO of Denver-Based Oilfield Services Freedom Energy The US President has declined to join the Management of Donald Trump. Freedom Energy Sharing price suffered Oil prices and slides in trade tension, among more than 46% of shares.

Energy Secretary’s reviews are coming a week after OPEC and OPEC’s OPEC-in oil-producing partners known as OPEC + decided to shock to speed up Types of raw production already planned, already adds more supply to a saturated market. The decision helped to further lower the raw prices.

However, long-term, OPEC + members need higher oil prices to balance their budgets. On the contrary, Trump promised to “drill, baby, drilling” to lower prices for American consumers, and he promised to be a long-awaited vocal to transport OPEC members to transport more oil for this reason.

As a result, the United States and OPEC asked if he could put a collision course, Wright responded.

“I don’t think it is a collision course. We see and see here and see here in Saudi (Arabia) and Qatar,” he said.

“Yes, of course, if there are oil and gas prices, investments and investments in the area are looking for decades in the future.”

Wright, US energy strategies, especially in the Middle East visit to the region, especially in the region, especially in the region, in general, the general alignment of its oil-rich Arabian Gulf was adapted in general alignment.

“The way to make American life better and the better citizens of the world will come, more favorable energy and more bright and more bright and prosperous,” he said. “This is the way we are on the way. Of course, I think of the UAE and Saudi Arabia and Qatar that we all think we are aligned in this mission.”