Will Donald Trump’s ‘drill, baby, drill’ policy make him a knight in shining armour for tanker owners?

President may have little sway over drilling, but EV and tariffs could have an impact on the crude market trajectory

US President Donald Trump speaks to the press after signing a proclamation renaming the Gulf of Mexico as the Gulf of America on board Air Force One. The gulf, whatever the name, is a key US oil production region.
US President Donald Trump speaks to the press after signing a proclamation renaming the Gulf of Mexico as the Gulf of America on board Air Force One. The gulf, whatever the name, is a key US oil production region.Photo: Scanpix
Published 17 February 2025, 14:03Updated 18 February 2025, 09:54
Crude tankersDonald TrumpVLCCs