In the longer term, analysts warn of a potential supply gap.
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The Opec group of oil producers, where Saudi Arabia is the biggest, has said at least $500 billion a year is needed through 2045 to avoid future shortfalls.
“Chaos is not good for long-term investment planning,” saysIman Nasseri, Dubai-based managing director at oil and gas consultancyFGE.
“Access to capital will tighten, and decisions will slow, but a lot of upstream investment in this region is insulated from short-term fluctuations,” he says.
“For an upstream investment, you have to look at the next 10 to 20-year horizon, beyond Trump.”
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