RPT-COLUMN-'We need to talk about Donald' - The elephant in crude oil's uncertain world: Russell - Reuters:
“Uncertainty” was the buzzword at the crude oil industry’s annual gathering in Asia, but virtually everybody was reluctant to talk about the root cause behind the sector’s discomfort - U.S. President Donald Trump.
Speaker after speaker at this week’s Asia Pacific Petroleum Conference (APPEC) highlighted the challenges to the crude oil industry, from supply issues around Iran and Venezuela to the mounting risk of global economic slowdown amid ongoing and escalating trade disputes.
But even in private conversations at the myriad of networking events, hardly anybody was keen to talk about what all the risks to the oil sector have in common, namely the mercurial U.S. president.
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