Trump’s energy secretary says average oil prices will be lower

Energy prices are set to be lower under the current US administration than in the prior one, according to US Energy Secretary Chris Wright.

“Under President Trump’s leadership in the next four years we’ll almost certainly see lower average energy prices than we saw in the last four years of the previous administration,” Wright said at a briefing with reporters in Riyadh. He declined to comment on specific price targets.

The US under Biden frequently clashed with Saudi Arabia...