Julian Lee, Columnist

Joe Biden Would Be a Sea Change For the Oil Industry

A reversion to a less in-your-face style of U.S. leadership would lead to a steadier, albeit duller, oil market.

October 18, 2020 at 5:00 AM UTC

Julian Lee is an oil strategist for Bloomberg. Previously, he was a senior analyst at the Centre for Global Energy Studies.

How Americans vote will affect global oil markets.
Photographer: Sarah Silbiger/Bloomberg

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I don't know who'll prevail in the U.S. election. But one thing we can probably all agree on is that incumbent leader President Donald Trump has had an extraordinary impact on the global oil market. From crippling the oil exports of Iran and Venezuela to taking credit for brokering the biggest-ever voluntary production cuts, Trump's fingerprints are all over.

How might that change after the November vote?