Several U.S. oil and gas companies have warned that they will not be looking to increase production unless prices increase significantly. President Donald Trump stated he wanted to “Drill, Baby, Drill”, when it came to oil and gas. However, oil majors are concerned that increasing oil and gas output even further could create a glut and drive prices down, something they want to avoid. On his first day in office, President Trump declared an energy emergency, stating, “The integrity and expansion of our Nation’s energy infrastructure is an immediate and pressing priority for the protection of the United States’ national...